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Accounting & Tax

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Samantha W.
Samantha W.
Wagga Wagga, NSW
1 Likes
0 Followers

We are moving in with my inlaws who are no longer able to care for themselves. We are considering whether to sell or lease out our house?
Financial situation:
House value $215000 (fully paid off) est weekly rent $270
Savings $60000
My husband is going to go back to uni and I am caring for his parents and our daughter so our combined income will be:
Study allowance $215 + $170 family tax + $300 carer payment per week

8 years ago
Michael J.
Michael J.
Thornlands, QLD
2 Likes
0 Followers

Hi I'm in need of some help in finding some info small business for centre Link. I need to gather up some paper work in which I have no clue where to get it from or where to start ? Since I have just got my abn just to get some money from a company now want use it again. I can't supply all the docs but they want this info which the ato don't even no we got the Abn yet til next yr maybe.

8 years ago

Hi, I'm looking at establishing a business in alternative therapies - likely as a Pty Ltd (to access protection from individual liability). I want to purchase some equipment via the business and need to know what order of events is important to accessing taxation concessions. Do I need to establish the business as a Pty Ltd prior to purchase or would it be sufficient to simply register a business name? Thanks

8 years ago

Looking for advice around the best potential structure for a company so that its assets are protected. Some accountants have suggested:

1. Setting up a private company and allocating its shares to a discretionary trust
2. Setting up a private company and allocating its shares to a discretionary trust where the trustee is a private company
3. Setting up a private company and allocating its shares to a discretionary trust where the trustee is another discretionary trust

Which do you recommend?

8 years ago
Laura L.
Laura L.
Ringwood East, VIC
2 Likes
0 Followers

Hi,
I bought a property in Nov 2006, moved in Mar 2007. Lived there until early 2010. It is leased out since Jul 2010. I have no other main residence until Jun 2014. It is sold in last month. It was my main residence from Nov 2006 to Jun 2014. As it was Home First Used to Produce Income, I should use value at time of it first rented as cost base. But I didn't have it valued. So, must I use purchase price as cost base?
Thank you!
Regards,
Laura

8 years ago
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