| Questions and Answers

Yasmin T.

Morley, WA

2 Likes
0 Followers

Hi, I'm starting my own business and have registered a business name, ABN and for GST and hoping to start in early May. My question is will l have to pay tax in June this year or could it be held over until June 2020 to help with cashflow stating up... thank you

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5 years ago

Steven R.

Lenah Valley, TAS

6 Likes
0 Followers

How are the superannuation funds performing since royal commission?

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5 years ago

Stephen M.

Maitland, NSW

2 Likes
0 Followers

We have a business and try and keep the business assets separate from the business income as the income is shared with family members. We have been advised to set up two trusts, one for the assets of the business and one to run the business. Is this the right option or are there others........... thank you?

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5 years ago

Jarrod W.

Elsternwick, VIC

2 Likes
0 Followers

I’m think of buying a commercial property using our SMSF and then leasing the property through my business. We operate as a sole trader is this possible or would the lease need to be in a company name?

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5 years ago

PJ M.

New Farm, QLD

8 Likes
0 Followers

If my partner & I buy an investment property together where I provide the deposit via a line of credit & she provides the main loan (80% value), what would be the best way to structure ownership to ensure we both claim our % of interest in our own names?

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5 years ago

Michael A.

Campbelltown, NSW

1 Likes
0 Followers

Business has been in our family for 20 years, I took over from parent 5 years ago and we know want to sell. Does anyone know a good business broker to help with the sale?

View responses or answer (1)

5 years ago

Nicholas A.

Woden, ACT

3 Likes
0 Followers

I would like to ask about a meeting my parents had with their financial advisor where it was suggested they should look at putting their money into investment bonds instead of super – they are in the mid 50’s and working full time. Is this a wise strategy?

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5 years ago

Maile R.

Gosford, NSW

2 Likes
0 Followers

Hi, I started my own marketing consultancy business 2 years ago and have a question about GST. Are you required to pay GST when your turnover reaches $75,000 or is turnover less expenses?

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5 years ago

Diane M.

Leichhardt, NSW

2 Likes
0 Followers

Hi, we were at an auction on Saturday and we have been notified the successful bidder is not going ahead and the agent has contacted us as the under bidder and wants to negotiate a higher price. The property was for sale and we went to our max at the auction and would like to know legal why our offer can’t be accepted?

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5 years ago

Syed I.

Sydney South, NSW

0 Likes
0 Followers

I am thinking of starting a import export business. I like to know 1. the process & requirement to strat that business? 2. Customs & banking procedures. 3. Insurances & freight 4. How to deal with buyer & will they pay for the product before i supply?

View responses or answer (1)

5 years ago

Carmel T.

Five Dock, NSW

3 Likes
0 Followers

Hello,

About to start a business with 2 other business partners and we’ve been to see an accountant to make sure the structure is correct. We have each had a discussion separately and I would like to ask other people if they think it is wise for us to share the same accountant for our personal stuff?

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5 years ago

Michael A.

Taren Point, NSW

4 Likes
0 Followers

Hi, I’m looking at buying a restaurant and have looked at a couple within reasonable proximity to home. I’m a qualified chef but having a difficult time trusting the financial and information the business brokers are providing. Is there a proven strategy on how I may be able to get the true picture on how the business is performing, thank you

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5 years ago

Jamie B.

Mount Hawthorn, WA

2 Likes
0 Followers

Our fixed rate is nearing the end and we have been offered 4% for a 3 year fixed interest only. Should we take it or other there better options?

View responses or answer (1)

5 years ago

Penny A.

Springvale, VIC

2 Likes
0 Followers

Hi, finally I am taking the plunge and will launch my own business from July this year. My question is if I incur expenses in setting up the business like website, marketing material before July will I be able to claim the expenses in this financial year?

Thank you

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5 years ago

Nathan R.

Waratah, NSW

1 Likes
0 Followers

Along with 2 other partners we are about to set up a food distribution business, each of us will be directors and have equal shareholding. The question we have is two directors who want to have their shares in their family company name and the director want their shares to be just in a business name, not a pty ltd.

Does anyone see this as a problem and does it represent any risks to any of us as directors?

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5 years ago

Peter C.

Stanmore, NSW

2 Likes
1 Followers

My wife and I are both PAYG employee in the same job for 5 plus years each. Our home loan is with CBA and the rate is 4.39% - loan is $720,000, could we get a better rate and by how much

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5 years ago

Sarah W.

Parramatta, NSW

3 Likes
0 Followers

When a exclusive agency contract ends and property hasn't sold do you have to pay advertising fees if you part ways with agent?

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5 years ago

Jessie T.

Katoomba, NSW

2 Likes
0 Followers

Hi,
Just turned 60 and want to ask a question about my pension. My partner of 8 years and I have decided to go our own ways and we will look to sell a little investment property we have in Forster. It is 50/50 and probably sell for about $380,000, no debt.

I own my own home, about $640,000 so if I get $190,000 less costs from the sale, how will it affect my pension, thank you

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5 years ago

AnneMarie K.

Burnside Heights, VIC

4 Likes
0 Followers

I have received a fine for not cutting the grass on my vacant block of land which I paid. My question is: with the money that I paid the fine, can I claim it back in tax because we use that block of land as an investment.

View responses or answer (3)

5 years ago

Timothy H.

Cremorne, NSW

3 Likes
0 Followers

Hi,
We have our own self managed superfund and now struggling with the all administration work. We want to roll into an industry fund and would like to ask about fees and hopefully pay less than 1%. Any recommendation, the funds is about $1.2M?

View responses or answer (5)

5 years ago

Hi, I'm starting my own business and have registered a business name, ABN and for GST and hoping to start in early May. My question is will l have to pay tax in June this year or could it be held over until June 2020 to help with cashflow stating up... thank you

How are the superannuation funds performing since royal commission?

I’m think of buying a commercial property using our SMSF and then leasing the property through my business. We operate as a sole trader is this possible or would the lease need to be in a company name?

If my partner & I buy an investment property together where I provide the deposit via a line of credit & she provides the main loan (80% value), what would be the best way to structure ownership to ensure we both claim our % of interest in our own names?

Business has been in our family for 20 years, I took over from parent 5 years ago and we know want to sell. Does anyone know a good business broker to help with the sale?

I would like to ask about a meeting my parents had with their financial advisor where it was suggested they should look at putting their money into investment bonds instead of super – they are in the mid 50’s and working full time. Is this a wise strategy?

Hi, I started my own marketing consultancy business 2 years ago and have a question about GST. Are you required to pay GST when your turnover reaches $75,000 or is turnover less expenses?

I am thinking of starting a import export business. I like to know 1. the process & requirement to strat that business? 2. Customs & banking procedures. 3. Insurances & freight 4. How to deal with buyer & will they pay for the product before i supply?

Our fixed rate is nearing the end and we have been offered 4% for a 3 year fixed interest only. Should we take it or other there better options?

Hi, finally I am taking the plunge and will launch my own business from July this year. My question is if I incur expenses in setting up the business like website, marketing material before July will I be able to claim the expenses in this financial year?Thank you

My wife and I are both PAYG employee in the same job for 5 plus years each. Our home loan is with CBA and the rate is 4.39% - loan is $720,000, could we get a better rate and by how much

When a exclusive agency contract ends and property hasn't sold do you have to pay advertising fees if you part ways with agent?

I have received a fine for not cutting the grass on my vacant block of land which I paid. My question is: with the money that I paid the fine, can I claim it back in tax because we use that block of land as an investment.

Hi,We have our own self managed superfund and now struggling with the all administration work. We want to roll into an industry fund and would like to ask about fees and hopefully pay less than 1%. Any recommendation, the funds is about $1.2M?

Hi, finally I am taking the plunge and will launch my own business from July this year. My question is if I incur expenses in setting up the business like website, marketing material before July will I be able to claim the expenses in this financial year?

Thank you

Hi,
We have our own self managed superfund and now struggling with the all administration work. We want to roll into an industry fund and would like to ask about fees and hopefully pay less than 1%. Any recommendation, the funds is about $1.2M?