• The place to find the right expertise and make better decisions
  • Find the right expertise

Recent Activity

John R.
John R.
Camp Hill, QLD
0 Likes
0 Followers

My company made a loss last year. This year a profit for the year was made, but not enough to offset the the previous years loss. In the current company tax return do I include the previous losses in 7R (Tax Losses Deducted)? and do I put zero in 7T (Taxable/net income or loss)?
ie
Loss for 2016 was 46000
Profit for 2017 was 33000
I understand that 13U will include all losses carried forward.
So for the current years company tax return I would make the following entries?
7R (Tax Losses Deducted)=46000
7T (Taxable/net income or loss)=0 or 33000?
13U (Tax Losses carried forward)=13000 (less than 100k, so no Losses Schedule?)
Regards
View responses or answer (3)
8 years ago
Maria R.
Maria R.
Middleton, SA
0 Likes
0 Followers

Hi there, I have been doing events for charity for some time now, but I do it through voluntary non paid. I have enjoyed it tremendously and have given me a great deal of experience in the field. I hav been thinking about running my own business but Im not quiet sure which way to go. Wheather keep it my own company business and part proceeds to charity or run it as non profit organisation. I have been juggling it a bit for some time on what desicion to take. What are the advantages and disadvantages of each, also what lisences will I be requiring for each business. Im very new at this. Can u help ? Thanks
View responses or answer (1)
8 years ago
Bob F.
Bob F.
Melbourne, VIC
0 Likes
0 Followers

I have a job that gives me 127K + suoer (9.5%) and I have applied for a NFP job that gives me 110K + salary packaging + super (9.5%). I am trying to work out what my take home pay difference will be (assuming I have HECS). Could anyone assist? I'm less concerned with knowing 'savings' obtained with salary packaging, and more concerned with take home pay (i.e net loss/gain).

If necessary, welcome to assume equivalent expenses to SP value in the former to assist with comparison against latter.
View responses or answer (2)
8 years ago
Martin D.
Martin D.
Curl Curl, NSW
6 Likes
0 Followers

We are selling our home of 18 years and going through the process of choosing a real estate agent. The fees seem to be around 1.8% but one agent has offered 1.4% but wants to charge a $9,000 marketing fee. Does the marketing costs sound right ….. I know they put a sign out the front and the property goes on realestate.com.au and domain but does it really cost that much?
View responses or answer (2)
8 years ago
Tami N.
Tami N.
Coburg, VIC
3 Likes
0 Followers

My mother’s fortnightly pension was around $360 p.f but with the recent changes to the government asset tests it is now $260 p.f. She owns her home and is worried about the lost pension and have to live off the funds in the bank. She has about $400k in the account and we would like to ask if there are other options for someone who is quite conservative to get a better return?
View responses or answer (5)
8 years ago
Jule W.
Jule W.
Broadbeach Waters, QLD
1 Likes
0 Followers

Hi,
If I sell my own principal place of residence after I have renovated it under one year, Will I have to pay capital gains tax? I know if it's your principal place of residence everyone has told me No, however, I don't trust this because it would be 10 mths later and a capital gain of around $60,000 and I don't trust that the ATO will not add tax to that?

Appreciate your feedback
View responses or answer (3)
8 years ago
Stephen K.
Stephen K.
Nundah, QLD
1 Likes
0 Followers

I bought a $2,500 laptop for a University Thesis in 2014/15 financial year. I've realised that I've actually been using it to work from home from 2015 to present (2017). My questions are:

a) I didn't initially purchase it for work use. Because I have been, is this claimable?
b) If it claimable, I've never claimed this expense previously, can I claim depreciation for the past years as well?
View responses or answer (3)
8 years ago
El T.
El T.
Maroochydore Dc, QLD
0 Likes
0 Followers

My mother owns her own home worth 600k her current mortgage is 45k she's on a disability pension and I live with her and I'm on a carers pension for her this is mental associated we want to loan against the home to build out the back (large block) and then rent the old house out would get roughly 350p/w I'm an only child inherit everything and my mother also has an inheritance of around 250-300k in nz in a home how can we both go on the loan together?
View responses or answer (0)
8 years ago
Russell C.
Russell C.
Ferny Hills, QLD
0 Likes
0 Followers

My wife stopped working years ago to care for our autistic son. Her super has really slowed in growth and contributions are only coming from the ones I make once a year. We will likely be on a single income for the foreseeable future so combining our two accounts into one seems to me, the most logical thing to do. I have spoken with our financial adviser and she mentioned a self managed fund, but has spoken of high costs and time involved and we are at a loss as to which way we should go now?
View responses or answer (1)
8 years ago
Julia J.
Julia J.
Silverwater, NSW
1 Likes
0 Followers

My car has been hitten by another car while I was waiting for the traffic light about 10days ago. I only have third party cover insurance, car driver who hitted my car said it is company car so he will submit the form when he goes to work. I’ve contacted insurance company which that car has insured, but they are saying there is no claim have been submitted. I contacted the driver but he is saying that he submitted the form to cfo, nothing he can do at the moment. What should I do now?
View responses or answer (2)
8 years ago
More