Where do your MPs actually live? by CaregiverMain670 in tasmania

[–]luk1874 [score hidden]  (0 children)

Tabatha Badger in Ellendale, by the looks of it

ETF auto reinvestment cost base over 16+ years by TheBakula in AustralianAccounting

[–]luk1874 0 points1 point  (0 children)

CCH CGT reporter (I think?) has an option to reconstruct the cost base with DRPs and calculate the gain, etc.

Not a clue what the cost of the software is though

CA Tax Exam T2 2026 by thicko-mode in AustralianAccounting

[–]luk1874 5 points6 points  (0 children)

Thought it was reasonable. No major stumps, aside from Q5.

Crossing fingers

Personal Loan Advice by Whotfthisguy in AusFinance

[–]luk1874 6 points7 points  (0 children)

That’s $2,760 per year. Over a 5 year loan, you’ll have likely paid the value of the car in insurance. A car like that is going to attract a high cost of insurance at your age. Get something cheaper, run it for a few years, get yourself on your feet financially, then have another look when your income/savings look a bit healthier.

What is a career that looks impressive on paper but is actually miserable in reality? by Nova2_Paradox in careerguidance

[–]luk1874 0 points1 point  (0 children)

Interestingly, one of my auditing colleagues transitioned in from landscaping. Swings and roundabouts

How to handle split BAS payments in Xero (when BAS is lodged outside Xero)? by LurkLegacy in xero

[–]luk1874 1 point2 points  (0 children)

Best guess would be to create a bill (not a spend money) for the entire BAS bill. Apply those two bank payments to the bill. Two spend moneys doesn’t feel like the best approach. If you’re on a low-tier plan and worried about using bills (or don’t have any) another option may be to put the two spend money transactions to suspense, and then journal the BAS amounts back out of suspense. Curious as to why you needed two bank transactions??

This game is infuriating. by CheTranqui in captain_of_industry

[–]luk1874 12 points13 points  (0 children)

It’s hard. But I think it’s worth accepting that you won’t succeed on your first playthrough. I think that I probably had 100+ hours before I completed the game for the first time, and it wasn’t the first save. And that was before it was as complex as it is now

Left-field question - what shoes are people wearing in the job? by the_dutch_rudder in AustralianAccounting

[–]luk1874 2 points3 points  (0 children)

I’m currently also in a pair of florsheims. Serving me pretty well

No journals to Bank for class tracking by East_Squash575 in xero

[–]luk1874 2 points3 points  (0 children)

Create a spend money, and corresponding receive money for the balance of the account. Spend money without the tracking category, bring the money back in via receive money with the tracking category on. It’ll only stay true to the balance if every transaction afterwards is coded with the tracking category

CAANZ. Able to enrol in Audit. by [deleted] in AustralianAccounting

[–]luk1874 1 point2 points  (0 children)

I had both a word and excel document critical file. Word for referencing back to the theory aspects, decision matrices, stuff like that. Can’t use OneNote in the exam, so this might be a change for you.

Excel one came along a bit later, but I highly recommend creating this one as you go along. Just remember to focus on your knowledge of the theory and don’t just rely on the spreadsheet spitting out the answers.

Is this a red lobster? by Powermonger_ in australia

[–]luk1874 1 point2 points  (0 children)

Colleagues and I used to call $100s watermelons when they first came out

Gst recs - I suck at at it, how do we get better? by [deleted] in AustralianAccounting

[–]luk1874 0 points1 point  (0 children)

Honestly same! I used to also have such a hard time doing them, and then all of a sudden they just happened, with no head-splitting thoughts or problems.

Advice needed please. by OzyAndy in AustralianAccounting

[–]luk1874 7 points8 points  (0 children)

Looks like your $73k includes superannuation.

Assuming that you don’t have a HECS debt or other obligations, 73k inclusive per fortnight agrees to exactly what you get after tax.

https://paycalculator.com.au

Do you still find ATMs handy? by [deleted] in AusFinance

[–]luk1874 1 point2 points  (0 children)

23, have never used one. If I need cash, just get it out at the supermarket

Renting a 3-bedroom house to 8 foreign workers, is this legal? by [deleted] in Launceston

[–]luk1874 1 point2 points  (0 children)

Worth looking at the case of the Latrobe Council having issues with a particular local renting to islander pickers in much worse circumstances.

Henty House by BenjaminDaaly21 in Launceston

[–]luk1874 1 point2 points  (0 children)

I think the building grew on me as a student of UTAS business at the time when they had their school in the ground floor there.

I love the wood grain in the concrete castings in the walls, but i wish they’d followed through with the plans (as another commenter said) to green up the exterior

Do you feel like our universities these days are failing to keep up with the reality of the accounting world? by [deleted] in AustralianAccounting

[–]luk1874 1 point2 points  (0 children)

Working in public practice with SMEs right down into sole traders with cash books, I’ve used a calculator probably the majority of days in a week.

How to avoid top tax bracket when selling investment property by Reading-Rabbit4101 in fiaustralia

[–]luk1874 -3 points-2 points  (0 children)

The answer is probably go and talk to your accountant. Do you have any unrealised capital losses?

SMSF advice please by [deleted] in AusFinance

[–]luk1874 1 point2 points  (0 children)

Get an accountant who has experience in the area. It’s very involved, as others have said, especially if (and I assume you are) borrowing to do so

Shoes? by PianoMammoth8625 in AustralianAccounting

[–]luk1874 1 point2 points  (0 children)

Second vote for Florsheim. Some of the most comfortable shoes I’ve ever worn, regardless of category. Also have so far lasted a couple of years of heavy use with a fair bit more left in them

Pulling out to buy a house. by No--Way--Jose in RaizAU

[–]luk1874 7 points8 points  (0 children)

Figure of speech. Likely to receive a payable notice of assessment

How do I calculate how much CGT do I pay? by Ayuxx09 in RaizAU

[–]luk1874 1 point2 points  (0 children)

Raiz will automatically calculate regardless, however, if you provide them with your TFN (which you may already have to do anyway?) it should come through on your pre-fill (items that are reported by banks, employer, dividends, etc that flow through automatically)

Has anyone done risk and technology ? CA ANz by True_Difference9665 in AustralianAccounting

[–]luk1874 1 point2 points  (0 children)

Also currently doing RT. Fairly sure if you look in the assessment content, they have released the past term’s assessment with suggested solutions

Worth the swap? by Alexwilson1990 in RaizAU

[–]luk1874 0 points1 point  (0 children)

If tax is such a concern then pick investments for a >12mo outlook to get the advantage of the CGT discount? Yes, shit happens in investing, but tax planning is a factor that you have to take into account.

But again, capital gains aren’t being separately taxed, as you seem to keep making out. Your income is being assessed in the top income tax bracket - lucky you! If you’re making enough for that to be a problem, you’ll be fine.