Nathan B.

Leichhardt, NSW

1 Likes
0 Followers

I’m a first home buyer and want to know what deposit I’d need to buy a unit around $900,000 and could I still access the first home buyers grant as it wouldn’t be a brand new unit, Thanks

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5 years ago

Glory B.

Curramore, QLD

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0 Followers

We have a 108 acre farm in Qld which is registered for GST and has been in steady operation for 12 years as a beef cattle farm. We are planning to sell the farm and understand that GST will be payable unless we sell it to another party who wants to carry on farming. We are in an area where the lifestyle buyer will probably be the more likely buyer so we are wondering about ways to get around this. If we wind up the partnership and sell all the cattle and do not operate as a farm for say 6 months to a year and then sold to a private buyer, would the sale be GST exempt?

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5 years ago

Ian C.

Sandy Bay, TAS

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0 Followers

SMSF. I have worked at 2 jobs in the beginning of 2017 - 3 days a weeks a Permanent employee, the other job doing odd jobs as self employed.

I stopped the odd job role in 2017

Under the superannuation rules is this ceasing of an employment arrangement, yet still being employed as a permanent part time worker, sufficient to move me into retirement mode for my SMSF fund?

If you can locate and include any references it would be appreciated.

I am 63 years of age.

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5 years ago

Total F.

Bentleigh East, VIC

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0 Followers

As a builder using non-GST-registered contractors, do I add GST to the principal (before margin) when charging the client? Or does the client not pay GST for that service, as the contractor is exempt?
e.g.
Scenario A:
Contractor GST exempt -$100
Margin 15% - $15
GST - $11.50
Total - $126.50

or, Scenario B:
Contractor GST exempt -$100
Margin 15% - $15
GST - $1.50
Total - $116.50

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5 years ago

Tony O.

Rowville, VIC

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0 Followers

Do i need an ABN?

I have a full time job and a side job managing a website. I spend about 12 hours a month working on the website and was told to send him an ‘invoice’ so does this mean i am a contractor? I personally think it is a hobby but my friends said to open an ABN ‘just to be safe’. If so how do i declare this additional income when i don’t have an ABN.
Thanks

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5 years ago

katie t.

Wollongong, NSW

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0 Followers

would just like to know what area of law does removing a caveat by lapsing notice fall under? What type of lawyer must I see to obtain one? I have heard that it can be tricky, especially when it comes to timing.

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5 years ago

katie t.

Wollongong, NSW

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I would just like to know what area of law does removing a caveat by lapsing notice fall under? And how do I go about obtaining one? I have heard that it can be tricky, especially when it comes to timing.

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5 years ago

Emily D.

Lane Cove, NSW

1 Likes
0 Followers

I have been contracting to a business for 4 months and they want to extend the contact for 18 months but have requested 3 months’ notice period and a restraint clause. I’m not an employee and don’t feel comfortable about either but the income is very good. Is this considered normal?

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5 years ago

Demi R.

Kensington, NSW

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0 Followers

Just started my own business and wondering if there a rating system or platform where I can find a good accountant. There’s only two of us in the business but we will be looking to expand in the coming months with a number of new contracts being negotiated. Any help would be great

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6 years ago

Lynne B.

North Narrabeen, NSW

3 Likes
0 Followers

Hi
My partner started a retirement security plan with National Mutual (then AXA and now AMP) in 1981 when he commenced empkoyment at 19.Now, 40 years later, the account balance is $80000.The fees are very high, however, there is also an exit fee of currently over $6000 payable if he was to change funds.Did the Royal Commission look into this exit fee rip off.Would he be better to transfer funds to a good industry super fund and suck up the exit fees.He is not working at the moment, but we will have some money to put into super when our investments mature just aftwr his 60th birthday.

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6 years ago

Jared W.

Gosford, NSW

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Hello,
I’m the sole director of the business and pay myself a salary when the business can afford to. As I’m set up as an employee does that mean I need to be paying super on top of the income the business is paying me?

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6 years ago

Dale A.

St Kilda, VIC

2 Likes
1 Followers

There are three partners in the business, it’s a digital media business. I work in the business full time, one partner is part time and the other works a full time job but helps out every now and then. I am wanting to put a shareholders agreement together but the others are assisting on equal share each. I am finding this difficult as I’m doing 80% of the work and generating the little revenue we have and it has become a bit of a disincentive to work harder as the rewards are not commensurate with the effort and contribution. How do I handle the predicament respectfully so everyone feels it has been handled appropriately and we can maximise the opportunity? Thank you

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6 years ago

J T.

Potts Point, NSW

4 Likes
0 Followers

Hi there,

As I get older I start to think about insurance more. I wonder if it’s better to have a Life and Trauma policy with connected benefits, Trauma Plus, buy backs ETC or is it better to have comprehensive Health Insurance?
I realise I need to decided what’s best for my and all that Jazz, but as professionals in the industry what’s been your experience with things like this and if it was you, what would you opt for ?

Thanks.

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6 years ago

Liz H.

Caringbah, NSW

1 Likes
0 Followers

I have only had my home loan for a couple of months so don’t know much about what happens when interest rates move. My loan is with NAB and I read they are reducing rates by 0.25%, does that mean my repayments will be lower and should I keep making the same repayments I do now?

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6 years ago

Michael S.

Rose Bay, NSW

1 Likes
0 Followers

I’ve heard about government grants for start-ups that help with the cost of tech, but does the tech need to be done in Australia or can it still be done overseas? I have a few quotes and the o/s supplier is much cheaper.

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6 years ago

simplyaskit

Business Advisor

North Sydney, NSW

216 Likes
401 Followers

The RBA has cut official interest rates to a new record low of 1.25 per cent.

Will the Banks and all other Lenders pass on the full rate cut for their borrowers?

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6 years ago

Manawa T.

Augustine Heights, QLD

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0 Followers

I’m working part time and I’m wanting to start a business part time providing lawn care, though I’m unsure if owning and working a business will affect the money I earn working part time?

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6 years ago

Frank C.

Campbelltown, NSW

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0 Followers

What happens when one party in a joint home loan dies. Is the estate of the deceased liable or does the loan transfer to the living party.

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6 years ago

Steven R.

Lenah Valley, TAS

6 Likes
0 Followers

What minimum amount do you need for an annuity for a a long period of time or a lifetime when you retire plus a full pension?

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6 years ago

Steven R.

Lenah Valley, TAS

6 Likes
0 Followers

Are annuities good towards retirement?

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6 years ago