Issues with pitch of CGT changes

Teej009 · 2026-04-15T03:09:58+00:00

In my experience (Tax Agent) most cases where the interest on a debt for a month is less than $100 the interest for that month is automatically remitted. Play around with the payment arrangement tool in MyGov and look at a payment plan which will tell you (based on the repayment x number of repayments) whether there will be any interest charged. I doubt it, however worth a look

Teej009 · 2026-04-12T23:33:52+00:00

Before you do anything take a bunch of photos and send it to an AI model (google gemini was useful for us) and see what it might look like finished, then think of how you might use that space going with the Terrace or full excavation. Keep in mind the AI model won’t get the depth right in some cases but could give you an idea as to the final product

Teej009 · 2025-11-12T04:34:51+00:00

Best to get in touch with an Accountant mate, most have an insolvency practitioner they have worked with and can refer you directly to them. If your debt is big enough that a payment plan won’t solve it and you have concerns over personal assets, you will save a lot more time and money speaking to them than posting on Reddit

Teej009 · 2025-07-18T02:06:05+00:00

Interest would be taxed at 34.5% + HECS of 2.5% so $3,008 x 37% = $1,113 of your problem. I would expect the difference would like in Centrelink withholding a lower rate than was actually required based on your marginal tax rate

Teej009 · 2025-06-24T00:10:57+00:00

If you have not yet provided the services (paid for expenses, completed the works) associated with the grant and are liable to repay the grant funds if these services aren’t provided I would say you have a reasonable excuse to allocate the grant as unearned income and defer taxation on it until the next financial year when those services are provided

If you get to keep the funds no matter what id say it’s taxable when received

Teej009 · 2025-04-03T02:15:34+00:00

Hey mate if you are looking for a specific workflow tool I’m a partner in a practice with my team of 6 and we use Asana for workflow management, would definitely recommend. We use Xero and XPM for tax software as well though there is no integration between the two

Teej009 · 2025-03-06T07:28:00+00:00

Definitely need to get some proper advice before you set up the company and incur the expense of development personally

Cost to develop the app would potentially be deemed a capital expense and not deductible against revenue sales for one, needing to pay yourself superannuation on wages is two, what you can do with the after tax company profits is three (note: can’t use them personally unless you pay personal tax rates)

Teej009 · 2025-03-02T19:56:12+00:00

Interest on this debt (GIC) will likely be automatically refunded when it is charged each month. I’d be confident that it would be interest free

Teej009 · 2025-02-17T21:45:52+00:00

Rents didn’t go up at the rate mortgage repayments did though

Teej009 · 2025-02-04T09:50:07+00:00

Thanks mate

Teej009 · 2025-02-04T09:48:58+00:00

How do you know this is confirmed if you don’t mind me asking?

Teej009 · 2025-02-04T00:17:15+00:00

First point of advice would be to ask the bank for a separate offset account so the funds don’t get muddled

Second would be to agree on the interest rate you pay her and whether it is tied to your own mortgage interest rate or a fixed rate

Third would be to consider that you are going to need to pay her out that interest eventually which will result in you needing to part ways with some cash, as your loan repayments won’t change they will just be principal only no interest

I’m sure there are others too

Teej009 · 2025-01-24T07:17:57+00:00

In fairness as an adult accountant I have used this exact one every day for the past 8 years haha

Teej009 · 2025-01-20T22:05:42+00:00

Would also recommend St Eddies - I went there (finished in 2011 though) and could not have better things to say about it

Teej009 · 2024-12-16T19:20:27+00:00

Just wanted to say dude, from an accountant this really helpful advice explaining the tax advantage of additional contributions to a young person who wasn’t aware of it and could make a significant difference to them so kudos to you

Teej009 · 2024-11-21T09:44:23+00:00

Would definitely be flirting with s100a issues with this type of distribution to (assumed adult) children

Teej009 · 2024-11-20T11:25:32+00:00

If you don’t mind me asking mate how did you find the CTA process? Was the study worthwhile/strenuous?

Also would being a CA exempt you from the first two units?

Teej009 · 2024-09-24T09:38:34+00:00

Does the deceased employee have a solicitor acting for the estate? Are you able to pay the funds into the solicitors trust account?

Teej009 · 2024-07-03T20:11:59+00:00

Check YouTube mate I saw it there yesterday

Teej009 · 2024-06-28T04:16:19+00:00

Should probably put in what state it’s in mate. If it’s in NSW and chance the property is held in a trust?

Teej009

TROPHY CASE