| Questions and Answers

Bernadette O.

Port Lincoln, SA

1 Likes
0 Followers

Hi lm asking about collecting my Super.. Five yes ago l was forced to not b able to work through lymphoma diagnosis and treatment... Atm lm on disability pension and have 60 k in super...lm 57 yo. Do l have to pay 17% tax on this when l want to collect it.??....thanks bohalloran.

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8 years ago

Georgie F.

Ballarat, VIC

3 Likes
0 Followers

We put an offer on a property yesterday and the agent wants us to exchange on Monday or Tuesday. Is it wise to exchange without the full finance approval?

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8 years ago

Lea J.

Sydney, NSW

0 Likes
0 Followers

I was recently involved in an accident. It was on a wet day after a long dry spell so roads were slippery. After entering a roundabout we lost control of our car came to a stop but the person behind ran into us. We are uninsured because our car was an old car not worth insuring. We have received a claim from the other persons insurance. Are we liable to pay their costs? In my opinion it was an unfortunate accident although I do believe the other person had time to stop.

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8 years ago

Rayna G.

Mona Vale, NSW

0 Likes
0 Followers

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

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8 years ago

paul c.

Seaford, VIC

0 Likes
0 Followers

I sold 1 product for $4
I have made $2 profit but I want to purchase more products with the $2 profit and original $4 = $6
Because I reinvested the money in the business do I have to declare any income to centerlink because in theory I now have $0 ?
Thank you in advance
Paul

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8 years ago

paul c.

Seaford, VIC

0 Likes
0 Followers

I would like to start a small online business I would like to know if this will affect our family benifit , a simple example.
I purchase a product for say $10 I then sell the item for $20 including free delivery which cost me $8 so I have only made $2 profit but I recieved $20 .
when I declare earned income to centerlink is it $20 or $2 ?
Regards
Paul

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8 years ago

Silvia P.

Avalon Beach, NSW

0 Likes
0 Followers

We have recently exchanged and completed on the purchase of a property and now find that we will not informed of the correct boundary lines and the land area is not what we were told. What can we do??

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8 years ago

sue g.

Bunbury, WA

0 Likes
0 Followers

i have been operating a hotel three years and now cannot contact the owner what can i do?He wants to sell business and we have a buyer but we cannot find him anywhere.

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8 years ago

Gunter T.

Noosa Heads, QLD

1 Likes
0 Followers

Hi
I am thinking of buying a large motor home which was owned by a GST registered company I was told if I have a GST registered business I would be able to recoup the GST amount from the purchase price?
Kind Regards GT

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8 years ago

Sarah L.

Glen Waverley, VIC

3 Likes
0 Followers

A client has recently purchased a new business. Should the preliminary expenses incurred such as legal fees, site valuation, stocktaking fees, web/domain and business registration fees be expensed in the P&L or should I capitalise those items in the balance sheet because they relate to setting up a new business?

Thanks,

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8 years ago

Adam Huxley

Investment Manager

Sydney, NSW

41 Likes
14 Followers

Can anyone tell me what the current average loan duration for a principal and interest (owner occupied) loan is in Australia?

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8 years ago

Emma L.

Richlands, QLD

1 Likes
0 Followers

My partner and I are looking to rent together for the first time. However I don't know where to start. I'm having trouble determining an area, don't know what to expect regarding the process and don't know how early to start looking?

View responses or answer (1)

8 years ago

Kate A.

Lane Cove, NSW

1 Likes
0 Followers

We are thinking of fixing our home loan, probably for 2 or 3 years. Looking at sites like Finder and Mozo the 2 year fixed options are as low as 3.7% but the comparison rate is 4.6 – 4.7%. Why is there such a big difference and is now a good time to be fixing rates?

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8 years ago

Mick G.

Elwood, VIC

8 Likes
0 Followers

I’ve been a contractor for a number of years with regular clients and stable income. My question is why is it so difficult to get a home loan as a contractor?

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8 years ago

Brendan Curran

Accountant

Newcastle, NSW

367 Likes
116 Followers

I have a couple of teenage children who are being invited to various social gatherings, many of which I suspect involve alcohol. I am not so naive to assume that nothing is going to happen, but what is the legal obligation of the parent host of a teenage birthday party where kids turn up with alcohol? I presume that the parents might be placing themselves in a bad position without knowing what the legal implications are....

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8 years ago

RICHARD D.

Maroubra, NSW

0 Likes
0 Followers

in a trial balance for end of year, do I show the credit card opening balance or the amount spent on the credit card for the year?

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8 years ago

Cory V.

Robina, QLD

1 Likes
0 Followers

I have recently moved to the Gold Coast and am looking to start a Carpentry business and Home maintanence business. I am not not quite sure what insurances, qbcc license and financial obligations are required. I have done some research and still seems abit grey. Please could I get some advise?

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8 years ago

J T.

Potts Point, NSW

4 Likes
0 Followers

Hello,
My Partner and I (mostly me) have been thinking about starting an SMSF to invest in studio apartments in Kings Cross area.
We have a combined balance of around $120K, we are both late 20's, combined monthly super contributions of around $1,300.00 with the potential to increase that to $1,600.00 PM.
The plan would to live of the rental income in retirement, from what i've said do you think its worth visiting a FP?

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8 years ago

James D.

Sydney, NSW

1 Likes
0 Followers

Hi, is there any 'pay per hour' accountancy services ie. need a 20 minute call to ask questions and pay a fee for that...without having to buy a years worth of services or the like?

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8 years ago

James D.

Sydney, NSW

1 Likes
0 Followers

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?

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8 years ago

Hi lm asking about collecting my Super.. Five yes ago l was forced to not b able to work through lymphoma diagnosis and treatment... Atm lm on disability pension and have 60 k in super...lm 57 yo. Do l have to pay 17% tax on this when l want to collect it.??....thanks bohalloran.

We put an offer on a property yesterday and the agent wants us to exchange on Monday or Tuesday. Is it wise to exchange without the full finance approval?

I sold 1 product for $4 I have made $2 profit but I want to purchase more products with the $2 profit and original $4 = $6Because I reinvested the money in the business do I have to declare any income to centerlink because in theory I now have $0 ?Thank you in advance Paul

We have recently exchanged and completed on the purchase of a property and now find that we will not informed of the correct boundary lines and the land area is not what we were told. What can we do??

i have been operating a hotel three years and now cannot contact the owner what can i do?He wants to sell business and we have a buyer but we cannot find him anywhere.

HiI am thinking of buying a large motor home which was owned by a GST registered company I was told if I have a GST registered business I would be able to recoup the GST amount from the purchase price?Kind Regards GT

Can anyone tell me what the current average loan duration for a principal and interest (owner occupied) loan is in Australia?

My partner and I are looking to rent together for the first time. However I don't know where to start. I'm having trouble determining an area, don't know what to expect regarding the process and don't know how early to start looking?

We are thinking of fixing our home loan, probably for 2 or 3 years. Looking at sites like Finder and Mozo the 2 year fixed options are as low as 3.7% but the comparison rate is 4.6 – 4.7%. Why is there such a big difference and is now a good time to be fixing rates?

I’ve been a contractor for a number of years with regular clients and stable income. My question is why is it so difficult to get a home loan as a contractor?

in a trial balance for end of year, do I show the credit card opening balance or the amount spent on the credit card for the year?

I have recently moved to the Gold Coast and am looking to start a Carpentry business and Home maintanence business. I am not not quite sure what insurances, qbcc license and financial obligations are required. I have done some research and still seems abit grey. Please could I get some advise?

Hi, is there any 'pay per hour' accountancy services ie. need a 20 minute call to ask questions and pay a fee for that...without having to buy a years worth of services or the like?

I sold 1 product for $4
I have made $2 profit but I want to purchase more products with the $2 profit and original $4 = $6
Because I reinvested the money in the business do I have to declare any income to centerlink because in theory I now have $0 ?
Thank you in advance
Paul

Hi
I am thinking of buying a large motor home which was owned by a GST registered company I was told if I have a GST registered business I would be able to recoup the GST amount from the purchase price?
Kind Regards GT