camjl » user profile

Ideally, negatively gear through your working career to claim tax back while in a higher tax bracket, then the investments begin to be…

Gearing just means you have borrowed to 'gear up' or multiply your purchasing power. Positive or negative refers to the cash flow ie income…

Crazy hey - intentionally earn less to avoid paying a proportionally lesser amount of income tax. It's like taking a pay cut to reduce your…

Better to pay (income) tax on profits than on revenue, especially if you are operating in a low margin retail/wholesale market.…

Sure, how about no one pays any tax to the thieving government. Then there are no 'free' or even subsidised services provided by government…

Until the changes in 1999, you could only get a reduction of the capital gains equal to the CPI indexation of the asset's cost base. Now,…

I understand your argument, but still, where one group of taxpayers engage in and benefit from a certain tax minimisation activity eg…

I've tried some of the Chinese cobalt bits. Very sharp and nice to use when drilling metal plate, colourbond sheets etc, but much more…

Including yourself? You forgot to mention that changing the company name requires an ASIC Form 205 and has a fee of $443.…

And paid $18500 for a 5.7KW system.

https://www.google.com/search?q=company+nominee+director+service&rlz=1C1CHBF_en-GBAU986AU987&oq=company+nominee&aqs=chrome.3.69i57j0i512l2j0…

A director is not protected from certain ATO debts incurred by the company. You may be a 'puppet' director and completely unaware of the…

Have no idea what business this company is involved in, but in general, there was a time at least when many mining / mining services…

Not that it matters much, in a way, but are you also a shareholder, or just a director? The company can have non-resident directors, but as…

Hey, you may well be right. I'll claim that it was getting late and I had been waffling on in my comments for a good hour or so, adding &…

As for ol' mate and everyone else that brings up the death of the car industry, for any argument, I don't know you so nothing personal. If…

I'm sure WFH is suitable in many situations. I doubt it will work in all situations for a long time yet. We are a professional services…

Can't be arsed to read it all again. To confirm/correct, a bucket company will usually have to pay 30% tax, not the current 'base rate' of…

Hi oxleyroad, Plenty of good and bad advice in this chat. You will be earning PSI income, however, if you are working for the client and…

Bundy to Brisbane (<1 hour in a turbo prop) can be up to $300 each way thanks to QANTAS and no competition.

I think you have taken that $10k personal use asset threshold out of context there. It is only considered a personal use asset and eligible…

To put it in perspective, 2020 has been an extraordinarily busy year for accountants and tax agents. Personally it felt like I lost a…

Don't know if anyone else can confirm this, but I understand that you may not be covered by an Uber driver's (CTP?) insurance in the case…

Cool, thanks.

So would you say these 'new' larger blues eg 4TB are more/less reliable then the reds in a raid?

Correct me if I am wrong but I believe you are only almost correct, or at least not giving all of the necessary advice re the 6 year…

Bought 3 for daughter & her cousins @ xmas time and they have all died already. I wouldn't put anything too important on these like a…

96

Welcome aboard!