Patrick S.

Naremburn, NSW

3 Likes
0 Followers

I have been operating a business under a company structure with two directors for 5 years and recently started a photography business as a hobby (it is going well too). Do I need to set up another company or can I be a sole trader so it doesn’t affect the other business?

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5 years ago

simplyaskit

Business Advisor

North Sydney, NSW

216 Likes
401 Followers

Fun Friday

What quote resonates with you, inspiring you to move forward?

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5 years ago

Jill K.

Toowoomba, QLD

2 Likes
0 Followers

Hi, my husband runs an engineering business and I help out with the books. Recent he won 2 contracts where the clients are paying in three installments and the additional work means extra staff and pressure on cashflow. Can we obtain short term finance now we have the contracts in place?

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5 years ago

Ben A.

Camden, NSW

1 Likes
0 Followers

Hi, I am a physio and being running my own practice for 5 years and need to upgrade some of our equipment and need to borrow about $60,000. Which lenders should I start making enquiries with?

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5 years ago

Matt M.

Kenthurst, NSW

2 Likes
0 Followers

A number of mates are property developers in around Sydney. We have over the next couple of years up to 100 house and land packages coming onto the market and hoping we can steer customers towards a lender/lenders/brokers to obtain finance and we can sell the properties. We don’t want to be involved in the finance but with the Royal Commission, banks and brokers issues, we’d like to get some advice on who we should talk to. Is it now just the majors are there any nonbanks who will look at house and land packages or is it mortgage brokers?

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5 years ago

Anthony M.

Balgowlah, NSW

2 Likes
0 Followers

Hi, my mother has retired and wants to buy into a retirement village. She has no debt on her home and wants to look at renting her existing home until the property market picks up again. That means she will need to borrow against her home to buy into the retirement village. The rent should cover the loan. Our concern with what’s gone with the Royal Commission is will she be able to get a loan? If she has to sell her home that could take a while, or worse still, she gets a bad price in an under-performing market.

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5 years ago

Marnie C.

Adamstown, NSW

2 Likes
0 Followers

I have just started working from home and want to know what I can claim through the business. We don’t owe any money on the house, does that matter and can I now claim travel expenses to visit clients?

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5 years ago

Geoff L.

Baulkham Hills, NSW

2 Likes
0 Followers

Hi,
I heard an ad on the radio today about buying property in Brisbane if you want to help your children. We are thinking of helping our eldest get into the market and we will have to look outside Sydney, is Brisbane the right place, what other places do people suggest. Our budget would be up to $700,000 with our son owning around 25%?

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5 years ago

Jackson S.

Beenleigh, QLD

22 Likes
2 Followers

There is a lot of talk about rates in the media and I would like to ask how people think the election will impact rates for the next 12 months?

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5 years ago

Martina B.

Frenchs Forest East, NSW

1 Likes
0 Followers

Hello there. My friend and I would like to setup a design service business and need to know the difference between a partnership and a company? If it’s a partnership can we use a domain with .com.au or is that solely for a company? What is cost difference between setting up a partnership and company.

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5 years ago

Max B.

Kensington, NSW

2 Likes
0 Followers

Hello,
We are going through the process of finding a real estate agent and a friend suggested Open Agent. After some research it seems they only refer you to agents who are happy to give up some of their commission so is there a way to find any data on the agents who consistently sell above the price the agent puts on the contract?

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5 years ago

Kraig D.

Port Sorell, TAS

0 Likes
0 Followers

Hi. I have just received confirmation that a tpd claim has been accepted after many years. From my accident in 2015 to now I have continued paying premiums. Does the payout figure be the 2015 amount of the 2019 that is some $40 k higher
Regards
Linda

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5 years ago

Pru T.

Terrigal, NSW

1 Likes
1 Followers

Hi,
I started my own beauty salon 6 months ago and would like to ask what budgeting tools people find helpful. I am finding it difficult to manage cashflow with suppliers and orders, thank you

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5 years ago

Carmel C.

Newton, SA

1 Likes
0 Followers

I play soccer for a local club and get paid some money if my name is on the Team Sheet for season games. I have provided the club with a Statemtent by a Supplier and ticked private recreational pursuit and hobby as my selection. The club has sought permission from me for them to create a RCTI so that they can claim GST credits. Is this okay?

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5 years ago

Ellie D.

Five Dock, NSW

2 Likes
0 Followers

Hi,
I have 2 negative geared investment properties and not doing a very good job in understanding the policy changes the Labour Party is suggesting to negative gearing. Is someone able explain in basic terms what their policy is and how it would impact my investments? thank you

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5 years ago

Phillip A.

Doncaster, VIC

2 Likes
0 Followers

A family member is a qualified chef and has moved to Australia from France and wants to start a restaurant. He has a working visa but is there any legal issues from starting his own business. Could he borrow money?

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5 years ago

Mark B.

Fremantle, WA

9 Likes
0 Followers

Hi,
As a father of a mortgage broker who has 8 years’ experience I want to know why the Royal Commission and Government would be denying brokers the opportunity to be paid $3,250 by the lender on a $500,000 loan yet be happy for real estate agents to be paid up to $10,000 for the sale of a $500,000 property. My son has worked hard, built a business and now what?

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5 years ago

simplyaskit

Business Advisor

North Sydney, NSW

216 Likes
401 Followers

In light of the Banking Royal Commissions recommendation to have the upfront commissions currently paid to mortgage brokers by lenders changed to a fee for service model over the next couple of years, can we ask:

Do people believe consumer’s would be prepared to pay an upfront free to a mortgage broker to help them obtain a suitable home loan?

What impact would such a change have on consumers?

What impact would such a change have on the home loan industry?

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5 years ago

Steven R.

Lenah Valley, TAS

6 Likes
0 Followers

How will the findings of the royal commission affect everyone?

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5 years ago

Tony Z.

Leonay, NSW

2 Likes
0 Followers

I have been working in the car industry for 8 months and my base salary is $45k and so far the average commissions are $5k a month. Should my employer being paying super on the base salary or base plus commission?

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5 years ago