• The place to find the right expertise and make better decisions
  • Find the right expertise

Recent Activity

Ben A.
Ben A.
Hamilton, NSW
0 Likes
0 Followers

I have $350,000 in super and thinking of using to fund a property development in Brisbane where I can buy the property, move the existing Queenslander to own side and create space for two townhouses. The sale price is around $800,000 and I will need about $500,000 to build. I’m 53, not married, no kids and earn $180k a year. Own my own home and have an unencumbered investment property valued at $600,000. The idea would be to sell the property in Brisbane is 5 years to help fund retirement. Is this a good idea ?

3 days ago
Glory B.
Glory B.
Curramore, QLD
1 Likes
0 Followers

We have a 108 acre farm in Qld which is registered for GST and has been in steady operation for 12 years as a beef cattle farm. We are planning to sell the farm and understand that GST will be payable unless we sell it to another party who wants to carry on farming. We are in an area where the lifestyle buyer will probably be the more likely buyer so we are wondering about ways to get around this. If we wind up the partnership and sell all the cattle and do not operate as a farm for say 6 months to a year and then sold to a private buyer, would the sale be GST exempt?

last week
Ian C.
Ian C.
Sandy Bay, TAS
1 Likes
0 Followers

SMSF. I have worked at 2 jobs in the beginning of 2017 - 3 days a weeks a Permanent employee, the other job doing odd jobs as self employed.

I stopped the odd job role in 2017

Under the superannuation rules is this ceasing of an employment arrangement, yet still being employed as a permanent part time worker, sufficient to move me into retirement mode for my SMSF fund?

If you can locate and include any references it would be appreciated.

I am 63 years of age.

last week
Tony O.
Tony O.
Rowville, VIC
0 Likes
0 Followers

Do i need an ABN?

I have a full time job and a side job managing a website. I spend about 12 hours a month working on the website and was told to send him an ‘invoice’ so does this mean i am a contractor? I personally think it is a hobby but my friends said to open an ABN ‘just to be safe’. If so how do i declare this additional income when i don’t have an ABN.
Thanks

2 weeks ago

Hi
My partner started a retirement security plan with National Mutual (then AXA and now AMP) in 1981 when he commenced empkoyment at 19.Now, 40 years later, the account balance is $80000.The fees are very high, however, there is also an exit fee of currently over $6000 payable if he was to change funds.Did the Royal Commission look into this exit fee rip off.Would he be better to transfer funds to a good industry super fund and suck up the exit fees.He is not working at the moment, but we will have some money to put into super when our investments mature just aftwr his 60th birthday.

last month
Dale A.
Dale A.
St Kilda, VIC
2 Likes
0 Followers

There are three partners in the business, it’s a digital media business. I work in the business full time, one partner is part time and the other works a full time job but helps out every now and then. I am wanting to put a shareholders agreement together but the others are assisting on equal share each. I am finding this difficult as I’m doing 80% of the work and generating the little revenue we have and it has become a bit of a disincentive to work harder as the rewards are not commensurate with the effort and contribution. How do I handle the predicament respectfully so everyone feels it has been handled appropriately and we can maximise the opportunity? Thank you

last month
J T.
J T.
Potts Point, NSW
4 Likes
0 Followers

Hi there,

As I get older I start to think about insurance more. I wonder if it’s better to have a Life and Trauma policy with connected benefits, Trauma Plus, buy backs ETC or is it better to have comprehensive Health Insurance?
I realise I need to decided what’s best for my and all that Jazz, but as professionals in the industry what’s been your experience with things like this and if it was you, what would you opt for ?

Thanks.

last month
More