ATO (tax office) payments by credit card

[sumthinfornuthin]

Ok, got here going back over the thread. Explains why I paid no fee today
Thanks again

Not 100 % clear. Does this mean we can buy these on line with an Amex card, get 1.5 points per dollar and then pay tax with no loading = effectively all up cost is same as visa or mcard but extra Half point Per dollar ??

 

[Deleted User]

Not 100 % clear. Does this mean we can buy these on line with an Amex card, get 1.5 points per dollar and then pay tax with no loading = effectively all up cost is same as visa or mcard but extra Half point Per dollar ??

but I assume you can not claim the 0.495% premium for the initial purchase of the card(s) as a tax deduction...? But still a good option if it is easily done for large payments ~10k

and then pay tax with no loading

not really the case since you are still paying a 0.495% fee to use the card...?

 

[penegal]

ah...but maybe it does

(I know you were summarising another post)

It certianly is an interesting idea... A bit more research and some mucking around, but it could prove to be useful.

 

[Origin]

Perhaps I am reading this wrong but is the "beauty" of the Westfield card option the fact that you do not need a tax bill to generate points?. I thought it was suggested you buy the debit card usinging your 1.5 point per $ Amex and then use that debit card to pay the same Amex bill generated by the purchase of the debit card at the Westfield post office. So you are just "creating points" admitly with some associated fees?

 

[amaroo]

It certianly is an interesting idea... A bit more research and some mucking around, but it could prove to be useful.

Seems like a great way to earn 3 points per dollar for Amex spend......apart from the process being a right royal PITA the idea is brilliant.

If you are a big CC spender + the ATO bonus - you could spend most of your day at W'field/GPO & then the rest sitting up the front throwing down Champers!

 

[Newk]

Perhaps I am reading this wrong but is the "beauty" of the Westfield card option the fact that you do not need a tax bill to generate points?. I thought it was suggested you buy the debit card usinging your 1.5 point per $ Amex and then use that debit card to pay the same Amex bill generated by the purchase of the debit card at the Westfield post office. So you are just "creating points" admitly with some associated fees?

yep, I reckon you have it. It has the potential to be a great big (almost) perpetual motion machine
Penagal has it right tho: a bit more experimentation needed.

Maybe because we are exploring options other than paying tax, that have heaps of point earning ramifications we could have a Westfield XS thread...off to start one

 

[sail0r]

I do pay more than I would like, but doesn't everyone?

Well, I would like to pay more, as that would mean that I am earning more!!! But I am currently making about the level of sacrifice to family time I am happy with for my current income.

 

[sail0r]

Am I missing something here?:

1. Didn't everyone's Amex get 'enhanced' so that ATO payment only generate 0.75 points/$ that should be 0.5 points/$ on checking
2. Do you really get rewards points for purchasing gift cards ,as they seem to me to be cash equivalents?
3. Generally, using points to redeem for gift cards costs more than using points for seat upgrades

 

[amaroo]

Am I missing something here?:

1. Didn't everyone's Amex get 'enhanced' so that ATO payment only generate 0.75 points/$

Qantas Ultimate Amex still earns 1.5 per dollar on everything including ATO. I'm not aware if there are any others.

. Do you really get rewards points for purchasing gift cards ,as they seem to me to be cash equivalents?

Haven't purchased myself however, looks like you can. You then use these cards to pay your CC bill at the post office.

. Generally, using points to redeem for gift cards costs more than using points for seat upgrades

Agreed - use the CC & earn more points to grab more seats.

 

[burmans]

mmm, good point about the tax deduction of the credit card fee. May need to be taken into consideration when calculating this Westfield business. I wonder if any (legitimate) argument can be made for the Westfield card fee being a business expense?

Some would try but I think not, paying your tax is a genuine business expense and given its advised on the ATO site as an acceptable payment the link is obvious if paying via their site by CC. Going to Westfield to get XS and then going to Auspost is in my opinion likely to be (correctly IMO) perceived as a contrived method to get benefits that are not related to the actual tax payment!

 

[Deleted User]

Some would try but I think not, paying your tax is a genuine business expense and given its advised on the ATO site as an acceptable payment the link is obvious if paying via their site by CC. Going to Westfield to get XS and then going to Auspost is in my opinion likely to be (correctly IMO) perceived as a contrived method to get benefits that are not related to the actual tax payment!

Sadly I agree, but tax law may say differently...

Still, ATO / PAYG / GST on QEDRCC works for me...

 

[legroom]

Am I missing something here?:

1......
2. Do you really get rewards points for purchasing gift cards ,as they seem to me to be cash equivalents? .....

Can someone here confirm that they have received points from buying Westfield cards from their CC ?

Thanks

 

[Newk]

Can someone here confirm that they have received points from buying Westfield cards from their CC ?

Thanks

yep, and there is a thread about it too

http://www.australianfrequentflyer....ard-discussion/westfield-xs-card-46864-6.html


please use and enjoy and add to the knowledge base

 

[auriga]

Very interesting!

 

[PLANT]

All right all this is to Cove and Newk and the Elite AFF members using the Gift cards and XS cards....involving TAX and other payments.
My Bloody inbox is filled and I know you guys on this thread the more often than not.

So I have read multiple threads and all pages and checking\seeking a few answers please.

Jetstar expiring for first year free and applied for Other Mac Plat card free first year to use for tax and the gift card thing.
Now If I buy my 5% giftcard from organisation (me it's BUPA) Presidential card service $500:
1. There are no fees via Visa card?
2. Do you just get them sent via the $0.55 post option?
3. As plat card Visa if they do not arrive, are you covered by Credit card insurance?
4. Can use Gift card/XS card Card to pay for Dan Murphy purchase online on Starthere.com.au for further 5.25% off?
5. Is XS card cheaper at "self service Post office for ATO and credit card payments..than Visa ATO online? i. better for $700 payment, but worse for $10K payment?
6. Is it worth have a Free Velocity AMEX card for the XS card.....which is the 2700 bonus points one?
7. Are there any Free 1.25 point card going for ATO payments?
8. Where are the XS card from online or instore?

Kind Regards and thankyou in "ADVANCE" for any help to the above

 

[Deleted User]

4. Can use Gift card/XS card Card to pay for Dan Murphy purchase online on Starthere.com.au for further 5.25% off?

I'm using the gift cards "Woolworths Wish Cards" with the 5% off from my local RAA store ($1k costs $950 - Purchased on the QEDRCC 1:1 Mastercard) for purchases at Dan Murphy Click & Collect via the starthere links, however the 5.25% credit from starthere takes a long time to hit my Paypal account

7. Are there any Free 1.25 point card going for ATO payments?

Doubt it but if you find one then please let me know...

 

[PLANT]

2. Do you just get them sent via the $0.55 post option?
3. As plat card Visa if they do not arrive, are you covered by Credit card insurance?

 

[Newk]

All right all this is to Cove and Newk and the Elite AFF members using the Gift cards and XS cards....involving TAX and other payments.
My Bloody inbox is filled and I know you guys on this thread the more often than not.

So I have read multiple threads and all pages and checking\seeking a few answers please.

Jetstar expiring for first year free and applied for Other Mac Plat card free first year to use for tax and the gift card thing.
Now If I buy my 5% giftcard from organisation (me it's BUPA) Presidential card service $500:
1. There are no fees via Visa card?
2. Do you just get them sent via the $0.55 post option?
3. As plat card Visa if they do not arrive, are you covered by Credit card insurance?
4. Can use Gift card/XS card Card to pay for Dan Murphy purchase online on Starthere.com.au for further 5.25% off?
5. Is XS card cheaper at "self service Post office for ATO and credit card payments..than Visa ATO online? i. better for $700 payment, but worse for $10K payment?
6. Is it worth have a Free Velocity AMEX card for the XS card.....which is the 2700 bonus points one?
7. Are there any Free 1.25 point card going for ATO payments?
8. Where are the XS card from online or instore?

Kind Regards and thankyou in "ADVANCE" for any help to the above

I'm just a beginner in a lot of this and don't deserve to be mentioned in the same sentence as cove

Here's my attempts at some answers. As always others will correct me if necessary:
The Coles giftcard can be bought with Visa and MC for no fees. IIRC postage is free
The WW card can also be bought with Amex and postage is also free IIRC...yes, I have an invoice next to me "Shipping and handling 0.00". That's registered post as well
The Coles one needs activation via a code they email you. The WW one just comes, although I may have read somewhere that they will soon also need activation. Getting lost is a worry and I am unsure of the CC insurance aspects

Question 4: I don't know, but someone will

Question 5: It's better to see the XS card thread sorry. Everyone will have different priorities. If you claim cc fees as a tax deduction for ATO payments the XS route is likely to be coughbersome and not much cheaper, if at all, than straight out payment by visa. Especially for large amounts as the payments have to be in quantums of no more than $995. The XS card may be useful for this and other stuff if you are in short term need of extra points.

Question 6: I don't know. If you can get a fee Amex card that gives points I'd say do your calculations on the points per dollar and go for it if it works out

Question 7: Again I don't know. Most if not all cards that pay max points per dollar have fees. There may be some out there that don't...eg association cards and the like

 

[Deleted User]

2. Do you just get them sent via the $0.55 post option?

Assume you are asking me.....

No, I dont pay the $0.55 post option, I go into the RAA store, pay with my 1:1 card and take the wish cards with me, generally its around $1k - $2k mark... this is only applicable to RAA or RAC members I believe


RAA - Membership - More For Members - Browse Offers

 

[Newk]

Assume you are asking me.....

Shintaro: "No, I dont pay the $0.55 post option, I go into the RAA store, pay with my 1:1 card and take the wish cards with me, generally its around $1k - $2k mark... this is only applicable to RAA or RAC members I believe"

yeah this is a good option. Sadly the RAA shop in a Westfield not too far from you and me doesn't take XS cards

and, Plant I think there are other motoring organisations that will do what Shintaro describes. An advantage of the Presidential card may be that you can pay with Amex and depending on your Amex type get more ppd. Also the answer that I gave above about buying by post was for the Entertainment Card sorry