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Accounting & Bookkeeping

Latest Questions

Rob A.
Rob A.
Dolls Point, NSW
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Q:

I am a health professional, have my practice I have house owned and 2 investment properties, the loan on them 3.5 million with ANZ, my house is debt free worth 2 mil, but it is in a cross collateral security with one of my investment property that has a loan of 2.1 mil, I have a business loan of 830 k with ANZ, my repayments for loan investment 13K a month and business loan 4K I guess the loan is fixed for 2 years , I want to build my house knock down and rebuild for 1.2 Bank don’t lend ?

5 days ago
brie b.
brie b.
Thornlands, QLD
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Q:

A company want to pay to put an advertising billboard in the front yard of the house I current live in and own (mortgage) as advertising. How should this work with tax? I understand I do not need to register for or charge GST as earnings from this will be under 75K. What other tax would I need to pay and at what rate? Is this included as income? Really struggling to find any information on this. Thanks

last week
Diane S.
Diane S.
Oxenford, QLD
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Q:

My accountant did not include total charity donation in last years return leaving $4000 for this year, then said oops, can't claim, can claim only in the year it is paid. Is this correct?
Then this year, supplied calculations to take to Centrelink re appeal for pension.
Centrelink reviewed calculations for profit on shares but said they were not interested in any Figures as they are DEEMED on total face value of shares. Have I got a totally useless account. $200 for useless, unusable advice??

2 weeks ago
Rayna G.
Rayna G.
Mona Vale, NSW
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Q:

We are a building company charging a client labour and materials that were putchased on their behalf. My question is when we invoice for material reimbursement, do we use the price we paid to our supplier with Gst, and add snother 10% Gst, or the net price of the material, then gst which is the same amt as we paid?
Im hearing lots of opinions on this but need to know what the law actually is on this?
Thanks,
Rayna

last month
James D.
James D.
Sydney, NSW
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Q:

Hi, I am completing my R&D form, and it asks if "Is the R&D entity that is registering the head company of a consolidated or multiple entry consolidated (MEC) group?" - During the year we created a wholley owned 'sub' company for trading, and some R&D expenses were spent through that entity. Is it simple just to assign those expenses to the head company or do we need to merge for tax purposes?

last month
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