| Questions and Answers

Nicholas A.

Woden, ACT

2 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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20 hours 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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1 days 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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2 days 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)

2 days 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 days 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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last week

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)

last week

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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2 weeks 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?

View responses or answer (1)

2 weeks 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

View responses or answer (5)

2 weeks 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?

View responses or answer (1)

2 weeks 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

View responses or answer (1)

2 weeks 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)

3 weeks 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)

3 weeks ago

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?

View responses or answer (2)

3 weeks ago

simplyaskit

Business Advisor

North Sydney, NSW

203 Likes
399 Followers

Fun Friday

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

View responses or answer (8)

3 weeks 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?

View responses or answer (1)

last month

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?

View responses or answer (2)

last month

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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last month

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.

View responses or answer (2)

last month

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?

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?

Fun FridayWhat quote resonates with you, inspiring you to move forward?

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?

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?

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?

Fun Friday

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