Recent content by Timmsi

That's great Nick!! It's always good to go to the source. The best reduction we've got is 0%. It was after my wife took maternity leave for the year and we didn't put in the variation till about March and she had already paid enough tax for the rest of the year even if she went back...

Hi, The figures you supply are taken. It is your estimation. I agree with Mry - you do need to know the figures you are putting in. I always put my own buffers in to make sure we still get a refund at the end of the year as well. - overstate your PAYG income, overstate rental income...

Hi, I've done ours electronically for the last two years. Once you have the information from one year, it is easy for the next. The turnaround is very quick - within two weeks we have our tax reduced. It certainly helps with everyday cashflow for supporting negatively geared properties...

Hi, Were about to - in the process of sub-dividing our PPOR off a dual occupancy and once that is done our trust will be the owner and we will rent. We have two other rental properties in the trust as well to help with the tax evasion issue (only 1 property in trust that you are renting)...

Hi, I would like another seat if possible? Total of three. My sister will be coming along as well. Peter

Hi, I'd like two seats as well! It's great that Steve can share with us all. Thanks!! Peter

Hi, Scored 86% 100% 100% 77% Guess I was warming up on the first section Hmmmm. Peter

Agreed - it was a great presentation! Thanks Steve. I know my wife was doing a lot of talking on the way home - we are going to sit down and really focus our goals and the direction we are heading. Unfortunately I missed most of it looking after our little one (apologies if he disturbed...

Another Black Knight Hmmm - I think there is a conspiracy or something...... :D May the Black Knights conquer all!! cough cough. :rolleyes:

Did anyone look at the date on the article?? It was November 2001...... It's easy to say there is going to be a downturn long before it starts and then when it happens, (3-4 years later) you can say I told you so. Hmmmmm. Peter

Hi, I'd also like to squeeze in with two if possible!! I missed that last one and don't want to miss this!! Thanks, Peter

Hi, Fringe Benefits Tax (FBT) was introduced to catch people that were getting benefits from their employment that weren't taxed when they salary sacrificed their "cash income". Peter

Hi, I agree with the working part during the day. The area that I manage has a number of ladies that are working a 4 hour shift from 11am to 3pm. I think it is more of an attitude that if you want to work then you will find it, if you don't want to work then you won't! Peter

Hi, I take it that if you do sal-sac interest payments on an investment loan, then you would still claim all expenses against the rent except the loan payments? This would then make your rental property worksheet appear that it is highly cashflow positive? (I know for us that interest...

Hi, I voted Liberal and I was actually impressed with the speech that Mark Latham gave. There were many times Latham didn't display good leadership or on camera presence during the campaign but his speech conceding the election was enough for me to say" Yep, he is improving" Not enough to...