• Ask questions, find the right answers and access the best expertise
  • Q&A - expert advice

Latest Questions

Sue L.
Sue L.
Bli Bli, QLD
0 Likes
0 Followers
Q:

I'm helping an elderly friend keep track of their shares for taxation purposes. Their accountant gave them a form to complete for which they did remember what information needs to be put in each column. However on the sales side of this particular form is a column called Sales Value. They have forgotten what figure goes in here. Do they put the gross figure of the sale of shares which includes the brokers fees or is it the net figure excluding the brokers fee into this column?

9 hours ago
Nick S.
Nick S.
Northmead, NSW
2 Likes
0 Followers
Q:

I have saved $28,000 and found a unit I would like to make an offer on… around $600,000. My income is $110,000 and the mortgage broker I spoke to suggested a family guarantee loan but when he found out my parents had a loan on their property he said it wasn’t possible. Their loan is only $90,000 and they have plenty of equity. Is what the broker said right and are there any other options available?

1 days ago
Jarrod P.
Jarrod P.
Tolland, NSW
1 Likes
0 Followers
Q:

When I turned 18 I was ignorant and went and got a credit card straight away. I neglected to make any repayments and as such have a poor credit rating now. 5 years later and I just recently bought a new car and the finance is 19% p.a.

The cars market value is about $20,000 but the loan is $29,000 roughly. I can get a novated lease to the market value of the car but need to get rid of the gap. Is there any way to do this? Haven't missed any payments on my finance for the past 2 years.

2 days ago
Abby G.
Abby G.
Melbourne, VIC
0 Likes
0 Followers
Q:

Hi, I would like to get some advice on our business lease. The lessor is giving us hard time and is not willing to extend our lease. We just bought the business a year ago on the basis that we had 5 years x 2 lease options and now the lessor has flipped! He is wanting us to get a lawyer involved to resolve this matter.

We have a potential buyer to purchase our business, but obviously the lessor is not helping us out at all to sign transfer of lease. Any help or guidance available here?

3 days ago
Daryl M.
Daryl M.
Lilydale, VIC
3 Likes
0 Followers
Q:

We have a house that is worth approx $800,000 and we have just purchased a property in Queensland for $420,000. We would like to move up there but are unsure whether to rent out our current home or sell it? If we do sell it can we put any surplus funds into our super without it being taxed? We are about to hit our 50's and haven't got much super. We need to know what our options are.


Any advice would be helpful

3 days ago
Jack L.
Jack L.
Aveley, WA
1 Likes
0 Followers
Q:

The transaction that could not result in a credit balance in a debtor's account is:

sale of goods on credit that will be paid for in the next accounting period
receipt of a deposit for work ordered
return of faulty goods by a customer after payment had been made
payment by a customer after the debt had been written off as irrecoverable

I'm having trouble understanding this question. Could anyone please explain?

4 days ago
Q:

My Dad recently passed away leaving my Mum as sole Beneficiary. There was some money in a joint Bank account and some more in Dad's own name.
My Mum is already in a Nursing Home and suffering from Dementia. Will the money transferring from Dad's single name to Mum require a re-assessment of Mum's pension and whose responsibility is it to commence any necessary review ?
Also if Mum was to gift some of the money to siblings, what limits apply without impacting her pension.
Thanks.

5 days ago
Jordan K.
Jordan K.
Sydney South, NSW
0 Likes
0 Followers
Q:

I was terminated on the grounds of absentee, there was previous warning in regards to my sick leaves and late notification, on the date I was terminated by the manager, it was over the phone with no written notice. After a month, the operation manager contacted, given me 2 options whether to reinstate to the formal position or have all my annual leave paid with 5 weeks additional as compensation for incorrect procedure of termination
Is my case strong? Should I take the offer?

5 days ago
More