Zeph101 » user profile

In regards to the advice from the ATO, you need to understand that there are 5 or 6 difference call centers with differing degrees of…

Don't forget to look into the final tax returns for the deceased. Seeing as they had shares, there is a good chance a date of death return…

Don't forget that this in only in regards to capital gains tax and there are numerous things that can be done to keep the PPOR without…

Are they eshay approved?

On a practical level, decide on your software package ie xero, myob etc and see if your l the back you want will do data feeds.. Your…

Also just because you provide the information and calculations, doesn't mean that the accountant doesn't check. If you just gave them lots…

In effect.. the ATO would want the cost base /value at date of death. As soon as you can still out to that date the better to minimise…

I'd just leave it vacant. Once you start collecting rent, thats even more income that would need to be declared and tax paid on. Admittedly…

Capital Gains Tax on Inherited Foreign Property: When Does It Apply? Many Australians misunderstand CGT and its role in tax implications…

Why does financial awareness need to be taught in schools? Shouldn't parents be involved in that side of an education?

Also note, that most SMSF auditors would be requiring that the stockbroker have audit reports to confirm that everything is above board.…

Simple answer - if you are over the concessional limit and can't take advantage of the carry forward, the ATO will assess you $4k Excess…

That is true, but thats where your hurdles and difficulty come from. Starting a Transition to Retirement Income Stream (TRIS) allows you…

You can start accessing super from age 55. However the maximum you can withdraw is 10% of your balance and you will end up paying tax on…

From what I understand, they have hit the super funds hard with usernames and passwords to get in. Once in they check if the member was in…

We had something similar happen, but we received the item by mistake. Wife accidentally opened the package as she was distracted by our…

Not sure if there is any real benefit.. if there is a loan involved, then so is interest. If the loan is at arms length then the interest…

Sometimes it is a case of knowing the work is going to be a fair bit. Our firm when we are doing clients that have 3+ years charge in…

So yes there is a transition day.. is it compulsory to go? If it was i would ask further. If it isn't you knew well in advance that your…

I wouldn't say that its a breach of consumer law. They are still providing the service. You would have to prove you asked in advance that…

Find out what the other tradies you work with use and and buy a couple of the cheap tools then borrow theirs and batteries!

How is this any different from footballers doing the same thing? Quite a few have gone to the UK to play after having the training for…

I think I paid about $40 each. which is still not bad. Will be passing on to the parents to try it when they take the caravan away. Just…

I bought this one for a party the other month, i didn't read the description properly and when i played around with it, the Red and Blue…

If they are being reimbursed for the drive by the employer, then yes, entirely relevant. If they are receiving a travel allowance for the…

That was our accounting firm. However it was a super simple fund with essentially cash and a handful of shares. The more work the…

I would highly recommend talking to an SMSF certified accountant to help with the setup of the fund. They will need to have a limited…

The ATO doesn't make the laws. The government does. The ATO is there to interpret and enforce and recover taxes

My work college literally lived across the street from our old work place... we had to move.. now he is a whole 3 min walk from work.. poor…

Also, note that you MUST complete a valid intent to claim a tax deduction to the fund that originally received the contribution and…