| Questions and Answers

Lina T.

West End, QLD

0 Likes
0 Followers

Hello. I am working on a 2018/19 draft budget for my Marketing team at a new company. I’ve been give a report, which shows these columns
1) 2016/17 Total Actuals...
2) YTD Actuals...
3) Current Budget...
4) 2018/19 Draft Budget... and
5) 2018/19 Variation.

I’m a bit confused as to what each colum means especially 1), 2) and 3).

Can someone help explain. Thx?

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8 years ago

Emma W.

Dunkirk, VIC

0 Likes
0 Followers

In the following situations state and explain the accounting principle that has been breached.
Rhino recorded the payment of her daughters orthodontist fees as a business expense?

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8 years ago

Kym G.

Thornleigh, NSW

0 Likes
1 Followers

We live in North Western Sydney but both work at Mascot and thinking of renting our place and living in an apartment closer to work for 12 months for a change in lifestyle. When we discussed this with some friends they suggested we should change our home loan to interest only to maximise negative gearing. Is this good advice as when we called the bank they said our interest rate would increase by 0.20%?

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8 years ago

Ros S.

Clovelly, NSW

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0 Followers

I am 65 and retired. I’m looking at renting out my property and buying into a retirement accommodation. Would I have to pay any tax from the rental income.
Cheers. RM?

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8 years ago

Sandrine D.

Murrurundi, NSW

0 Likes
0 Followers

I got approved for a small Loan today, but I need a guarantor, I'm on a pension and have low credit score .
And a new Bank account , where can I find help to get a loan or a guarantor?

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8 years ago

Cherie H.

Karrinyup, WA

4 Likes
0 Followers

What is the procedure for a property leasing agent to hand the management of a property to another leasing agent to manage?

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8 years ago

Mark Butler

Insurance Broker

Melbourne, VIC

18 Likes
14 Followers

Job Opportunity
Para Planner at a Life Insurance Advisory Business based in Little Collins St Melbourne CBD.
Salary Package $75 - $85K.
Key Responsibilities Include: Administration management; Preparation of SOA's & maintenance of templates; New Client Implementation; Insurer Data Downloads & CRM maintenance (XPLAN); Compliance Reviews, file management & register updates; Client communication & strategy implementation
To apply, please send resume to mbutler@safeguardlife.com.au ?

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8 years ago

Kellie D.

Maida Vale, WA

0 Likes
0 Followers

Hi, I am employed by a trading platform in USA, money will be getting transferred to my account to purchase iTunes cards and traded for bitcoin. I will be getting a monthly wage. My question is, will I only need to pay tax on my wage of $3500 per month ? OR will I get slammed paying tax on the massive amount of money this company are putting into my account to purchase the iTunes cards for them?

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8 years ago

Patricia E.

South Grafton, NSW

0 Likes
0 Followers

We invested a small sum of our Super ($30,000) in units in a property investment company, which did well until a change in management. Last year apparently our units were sold on to a new company, which forwarded a statement showing our holdings now to be zero. Our emails show no notification of any transfer plan, and no option to opt-out and withdraw remaining funds. Also there is no final payment made to our bank account, as claimed. Can we do anything about this, and if so who do we approach?

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8 years ago

Ric H.

Mayfield, NSW

0 Likes
0 Followers

I understand that the log book method, which you use your business klms traveled and multiply by 0.66c per klm = total allowable deduction in dollars. Does this log book method also incorporates all vehicle maintemce and repair costs or can i claim them seperatlry?

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8 years ago

Ansopny L.

Loftus, NSW

2 Likes
0 Followers

We are considering whether to buy an established house, or a new home and land package. What are the risks involved when buying a home and land package? Any tips for doing this?

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8 years ago

Jes R.

Secret Harbour, WA

0 Likes
0 Followers

i got pulled over and was told my vehicle was unregistered, they took my plates and gave me a $250 unregistered vehicle fine and $100 return plate failure fine. The vehicle was being transferred to my name from my father in laws and he was paying the transfer fee. Meanwhile i pay the new registration, it gets bounced back a week later with no explanation. I never recieved a '14 day overdue notice' or a letter to advise the car was unlicensed. Do i have a chance to take this to court?

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8 years ago

Ansopny L.

Loftus, NSW

2 Likes
0 Followers

I am about to pay off my unit so will be mortgage free. I will then be buying a house with my partner which will be for approx the same amount as the unit sale price. Is it possible to get a short term home loan so we can buy a house when we see it, then pay off the home loan once the unit sells? Is there any positives or negatives doing this?

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8 years ago

Jade A. R.

Shailer Park, QLD

0 Likes
0 Followers

Hi, I’m looking to buying a house and I will obviously need to get a mortgage. I’d hope to not spend more than 500,000 on a house. I’d say I’d have a decent savings and should be ok for a deposit by time I’m ready, I work full time (135k pa). My issue is I’ve never borrowed/owed money before and lack a credit score of any sort. How do I go about making sure I’ll be able to get a mortgage easily, while not wanting to have fees for money I don’t really need to borrow?

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8 years ago

Greg H.

Banksia Beach, QLD

1 Likes
0 Followers

I am approaching retirement (60 yrs old ) and would like to relocate on retirement. Is it an option to sell my home now (240,000 mortgage, house worth 350,000 ) invest the profit in my super and draw on retirement to purchase a home in the relocation choice ?

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8 years ago

Kaz H.

Fernbank Creek, NSW

1 Likes
0 Followers

I am about to sell a property which will be able to pay off its loan, my current residence loan and one investment property, is it best to keep a mortgage on an investment property to be able to claim the tax or would it be better to have the investment fully paid off and keep the rent as PAYG income?

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8 years ago

Dee M.

Ballajura, WA

1 Likes
0 Followers

I am aware that super funds can be accessed early, however if the lump sum is moved to your self-managed super fun, does it get taxed? or if you are to withdraw your super due to 'x,y or z" reason would it be taxed?
Thank you.

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8 years ago

Martin T.

Yallambie, VIC

0 Likes
0 Followers

I started an electrical business a few months ago that is going well. In need of a new car but unsure of which way to go about getting it. As a new business is leasing a car the way to go? Or fronting up the cash and buying outright? Also brand new or used?
Thanks in advance

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8 years ago

Greg H.

Marrakai, NT

0 Likes
0 Followers

Hello.
I am looking for some advice. My mother has passed away. She had a half share in a house with my brother. (Tennant's in common). My brother had a mortgage on his half . my brother used my mother as a guarantor for his loan/ mortgage on his half. My mother owned her half. Now my mother has passed away he is saying that he wants half of my mothers estate because she was his guarantor for his mortgage? Any advice would be helpfu l. Thank u

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8 years ago

Peter A.

Morphett Vale, SA

5 Likes
0 Followers

Six years ago, I took out a residential property investment loan over two like properties, one of which is my residence, the other rented. Three years ago, I ended the tenancy of the rental property, and swapped properties ie rented my original residence. Up to that point , my loan interest was deductible. When I swapped homes I have been advised I cannot claim any of the home loan interest, only maintenance costs. I think this is incorrect advice as the loan is non-specific? Thank you!

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8 years ago

In the following situations state and explain the accounting principle that has been breached. Rhino recorded the payment of her daughters orthodontist fees as a business expense?

I am 65 and retired. I’m looking at renting out my property and buying into a retirement accommodation. Would I have to pay any tax from the rental income.Cheers. RM?

I got approved for a small Loan today, but I need a guarantor, I'm on a pension and have low credit score .And a new Bank account , where can I find help to get a loan or a guarantor?

What is the procedure for a property leasing agent to hand the management of a property to another leasing agent to manage?

I understand that the log book method, which you use your business klms traveled and multiply by 0.66c per klm = total allowable deduction in dollars. Does this log book method also incorporates all vehicle maintemce and repair costs or can i claim them seperatlry?

We are considering whether to buy an established house, or a new home and land package. What are the risks involved when buying a home and land package? Any tips for doing this?

I am approaching retirement (60 yrs old ) and would like to relocate on retirement. Is it an option to sell my home now (240,000 mortgage, house worth 350,000 ) invest the profit in my super and draw on retirement to purchase a home in the relocation choice ?

I am aware that super funds can be accessed early, however if the lump sum is moved to your self-managed super fun, does it get taxed? or if you are to withdraw your super due to 'x,y or z" reason would it be taxed? Thank you.

I started an electrical business a few months ago that is going well. In need of a new car but unsure of which way to go about getting it. As a new business is leasing a car the way to go? Or fronting up the cash and buying outright? Also brand new or used?Thanks in advance

In the following situations state and explain the accounting principle that has been breached.
Rhino recorded the payment of her daughters orthodontist fees as a business expense?

I am 65 and retired. I’m looking at renting out my property and buying into a retirement accommodation. Would I have to pay any tax from the rental income.
Cheers. RM?

I got approved for a small Loan today, but I need a guarantor, I'm on a pension and have low credit score .
And a new Bank account , where can I find help to get a loan or a guarantor?

I am aware that super funds can be accessed early, however if the lump sum is moved to your self-managed super fun, does it get taxed? or if you are to withdraw your super due to 'x,y or z" reason would it be taxed?
Thank you.

I started an electrical business a few months ago that is going well. In need of a new car but unsure of which way to go about getting it. As a new business is leasing a car the way to go? Or fronting up the cash and buying outright? Also brand new or used?
Thanks in advance