Recent content by Welcome

We use MYOB but hate it with a passion but are in too deep to change.... Very hard to integrate with other software due to limitations of MYOB itself. The current flat file architecture is the biggest problem (everything in one file) which makes running even simple, very specific queries very...

Maybe we have different expecations of what service is... but I wouldn't class that as acceptible.... let alone great :p

Good idea.... except since TR2010/3 makes things a little bit difficult than having unpaid present entitlement. I have decided I would rather pay 38% tax through beneficiaries compared to having to deal with bucket companies, commerical loan agreements, 7/10 year P&I repayments (unless using...

Would caution against a trust if you are spitting out $500k EBIT without enough low income beneficiaries to distribute to. If not will end up paying more tax than a PTY LTD would.

Rolf, Is that %age of the gross asset value or net asset value?

My minimum buffer is 12 months interest shortfall + living costs. Think wouldn't have SANF without that as a minimum.

Hi Liz, I would suggest putting on 6x 1 unit titles if you are going to go to the troubles of chopping up a 6 pack. Having 2x on one title limits the insurance options dramatically, and also when comes time to sell will limit the value they will sell for as will wipe out interest from most...

Thanks for that picture Mry. It makes the 38% tax bracket look very appealing for easy, paperwork free, use of those funds. Thanks

And does the ATO require this loan to be repaid on paper only, or would they need physical payment. Just thinking if the $$$ is non liquid at time the loan agreement is expiring if there are other create options... Any MB out there who can comment on this from a lenders perspective please? :)

Leaning towards this option. Are there any other downsides if I go down this path? eg does it need to be repaid in certain amount of time or that is all dependant on a loan agreement? From a lending POV for any of the MB out there.... that commercial loan would then need to show up as a...

If I was the uninsured landlord.... I would be questioning the PM on the DD they did on the tenant. If they used fake docs, chances are references were fake so possibly the PM didn't do the reference checks too thoroughly.

http://law.ato.gov.au/atolaw/view.htm?locid=%27TXR/TR20103/NAT/ATO%27&PiT=99991231235958 In planning for EOFY... just trying to sort out what to do with some suplus income. What are the experts opinions on using bucket companies after TR2010/3? Basically trying to find a way to: a) pay...

Good job Anh! Did you also speak to Paul, or someone else? I tried for increase about 1 months ago, and only got .9% off on about $1.2m.... guess will be trying again on monday :D

Good job Anh! Did you also speak to Paul, or someone else? I tried for increase about 1 months ago, and only got .9% off on about $1.2m.... guess will be trying again on monday :D

Nice diagram you have there. Very easy to digest! I don't think necessarily a bit way you have done it. Main this this does is give you a bit more cash (debt) available should you need it. Eg in emergency can strip the funds from savings account which would have more funds in compared if no...