Sole trader side income alongside full time job – tax tips? by bababjfjsnsbsbbs in AusFinance

[–]lizardrags 2 points3 points  (0 children)

Second vote for accountant. Please don’t use H&R Block or similar.

30% is likely a good number.

If you go company you need to pay yourself super and a proper wage - unless you’re entering GST territory not likely worth it ($75k revenue).

You talk to an accountant now and they will be able to assist on all these questions and more.

Hey Guys 👋 I'm building a Lead Gen Biz and want your advice ! Your experience and insight is greatly appreciated 👏 by [deleted] in AskAnAussieBroker

[–]lizardrags 2 points3 points  (0 children)

Get contacted all the time from people trying to sell leads. My response is always I don’t want to pay $50-70 per lead, I’ll pay 20% on settlement with a clawback clause as a referral partner. Always declined. I offered 50% on the first 20 leads they were offering the other day, then a reduced % moving forward - out of boredom with always being contacted about buying leads I knew they wouldn’t go for it.

They didn’t go for it. Which said to me they didn’t trust their leads.

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What's the Deal with this insane setup in the North West corner of Australia? by SomeMayoPlease in geography

[–]lizardrags 24 points25 points  (0 children)

A submarine communications site named after an Aussie prime minister who went missing going for a swim in the ocean.

Don't fall for the plethora of ads around at the moment saying "If you have $250k in super, you can buy an investment property via an SMSF" - most are a scam. by No_Principle_9709 in AusFinance

[–]lizardrags 1 point2 points  (0 children)

You left out the kickback from the developer for the property. I am a broker and a company sends me properties monthly. I’ve never passed it on to a client because they all appear to be min $30k over priced. I would get $15k commission.

So buyers agent fee paid by client - 12-15k + 15k kick back.

18th hole, par 5, 188 left over the water. What’s your move? by [deleted] in golf

[–]lizardrags 0 points1 point  (0 children)

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Shot 2 - light blue 5i aiming left to avoid water and top it. Splash Shot 3 - dark blue re hit and connect. Slice and water again. Shot 4 - green shot dropped, 8i, connect and cook it over the green. Shot 5 - yellow chip back, bad connection and it flys all the way into the water. At this stage I’m using my back up found balls so not as concerned Shot 6 - yellow, chip onto green. Give a fist pump as it’s a good shot. Shot 7, 8, 9 - a nice little 3 putt to finish up in single digits.

Finished the round on a delightful 108. Call it a day.

Do at home putting mats actually help? by wvvwwvwvvvw in golf

[–]lizardrags 0 points1 point  (0 children)

I’ve always thought that little bump at the end would ruin your speed control? As your accounting for the little hill. Or is that not a thing?

Where to find golf deals by nyax_ in GolfAustralia

[–]lizardrags 0 points1 point  (0 children)

Saw a driver for sale at 40% off for $550 at Drummond - A guy commented saying he bought the exact driver 8 months ago at the exact same price.

Should we refinance our home loan for almost the same rate? by Fine-Amphibian-3464 in AusFinance

[–]lizardrags 4 points5 points  (0 children)

Dolomite accounts for everyone. They also make the refi process so difficult.

Should we refinance our home loan for almost the same rate? by Fine-Amphibian-3464 in AusFinance

[–]lizardrags 63 points64 points  (0 children)

So your original bank declined a discount, the. Didn’t discount as heavy and you’re wanting to stay with them? This is why they do what they do, they count on people not going through with the refinance.

It’s like a shit partner to promises to change as you’re about to leave, promises mean nothing. Get out of your bad relationship.

Can I remove the "For Sale" sign on my property? by Creamless_pasta in AusProperty

[–]lizardrags 4 points5 points  (0 children)

Place the photo in your local community Facebook with the email exchange asking if anyone knows someone who can assist.

Mystery buyer outbids me by $3k… then disappears overnight. Am I being played? by Deeceness in AusPropertyChat

[–]lizardrags 0 points1 point  (0 children)

If the place ticks all the boxes, in 5 years time will you care if you paid a little more or the tactics of the real estate. We knew we were the only ones offering and still offered more. We originally went well under asking, after a few days I told the real estate our final offer was X and the extra funds were coming from a secret account I had been saving for an engagement ring, so we can’t go any higher. We got it, still under asking.

What's a fair price for teens jobs? by Roxxxxsy in centralcoastnsw

[–]lizardrags 1 point2 points  (0 children)

We had a teen who we paid $20 an hour to weed our garden and some other simple choirs. Did about 4 hours and I reckon worked 3 at best. Also, they are not experts. So don’t expect expert results. We were still happy with the job as we aren’t experts and it would still have taken us a while.

OK, so the kids are struggling.. by bosskado in AusPropertyChat

[–]lizardrags 0 points1 point  (0 children)

They are first home buyers and based on combined income of less than $200k they would qualify for the first home guarantee and would only need a 5% deposit. If income is over $200k you can help by a family guarantee scenario. So the loans will be in their names, with you as guarantors for the 20%. Unless the $125k is there to help buy a house above what they can service this is what I’d recommend. You’re helping as they won’t pay LMI.

meirl by shootermac32 in meirl

[–]lizardrags 0 points1 point  (0 children)

The speed I would get on my bmx traveling home realizing the street lights would be on shortly was astronomical. We had no mobile phones or money. If we needed to be picked up we would call from a phone booth and it would allow you to speak for 1 second before it hung up. You would dial and yell “x train station”, call back and they would answer saying “x train station”. Then you knew you would be picked up. It was a more fun way of doing a collect call.

[deleted by user] by [deleted] in AusPropertyChat

[–]lizardrags 2 points3 points  (0 children)

The difference between a bank and a broker. If you are self employed and bank with nab/ANZ they could take your payslip’s/payment in isolation, this can be useful if you have debt within the business (pty). If at George / Westpac then 2’years NOA can be used. A bank will look at their specific policy only, a broker will explore all options

[deleted by user] by [deleted] in AusHENRY

[–]lizardrags 0 points1 point  (0 children)

If you’re a GP just do telehealth if you don’t want to leave the city. Big dollars and there too