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  1. #921
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    Quote Originally Posted by turquoisecoast View Post
    that's not too bad then?
    Depends if they go anywhere. DH being a sole trader it doesn't help he did it as he has a tax bill next month and a gst and I'm off on maternity leave now.

  2. #922
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    Quote Originally Posted by babybeeno1 View Post
    Depends if they go anywhere. DH being a sole trader it doesn't help he did it as he has a tax bill next month and a gst and I'm off on maternity leave now.
    tax isn't payable til end of October (assuming he lodges his own return) and May next year (if he has his accountant lodge).

    re GST : he should start putting away 1/11 of his gross receipts to cover the anticipated BAS bill. I have clients who have a separate bank account that they put the GST aside into so there's no silly shot uses come BAS time!

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    Quote Originally Posted by turquoisecoast View Post
    tax isn't payable til end of October (assuming he lodges his own return) and May next year (if he has his accountant lodge).

    re GST : he should start putting away 1/11 of his gross receipts to cover the anticipated BAS bill. I have clients who have a separate bank account that they put the GST aside into so there's no silly shot uses come BAS time!
    We have an accountant. Prob is he took the $$ from the account the gst and income tax goes into that is what has annoyed me the most

  4. #924
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    Not feeling the love after this conversation with DD this morning...

    C - *grabs my face* Your face is so.... so....

    Me - Beautiful? Amazing? Gorgeous?

    C - Hmmmm no, chubby.

    Me - Oh.

    C - And you've got lots of freckles on your face and neck.

    Me - I like my freckles.

    C - Yes, but you've got a big one that sticks out on your forehead.

  5. #925
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    Feeling ho hum...tomorrow I am 39. My 30's draw to an end.

  6. #926
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    Quote Originally Posted by Marchbundle View Post
    Feeling ho hum...tomorrow I am 39. My 30's draw to an end.
    Still another year of 'youth' marchie! Hope u have something nice planned 😊

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    Marchbundle  (14-06-2016)

  8. #927
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    LOL yes true!! DP is making me dinner

  9. #928
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    One week smoke free, the longest I've made it since I slipped back up post birth
    Still hard but staying strong

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    HearMeRoar  (14-06-2016),pointless1  (14-06-2016),sunnygirl79  (14-06-2016),wobbleyhorse  (14-06-2016)

  11. #929
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    Quote Originally Posted by babybeeno1 View Post
    We have an accountant. Prob is he took the $$ from the account the gst and income tax goes into that is what has annoyed me the most
    ahhhh I get you. so the bas money is now sitting in shares! yes that's annoying!!!

    well don't worry about income tax bill just yet, you've got til May next year to pay that. get the accountant to draft it so you know how much tax you're up for then start setting money aside to cover it in May. actually it needs to be lodged by May, you actually have til first week of June to pay.

    with the bas...does he have a lot of expenses on which there was GST paid this quarter? the GST on his sales is only half the equation...don't forget the GST he's paid on any business expenses in the quarter offset the GST on sales. in fact, if his expenses outweigh the sales, he may even be due a GST refund?

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    Quote Originally Posted by Little Miss Sunshine View Post
    One week smoke free, the longest I've made it since I slipped back up post birth
    Still hard but staying strong
    oh congrats! had no idea you smoked!

    I'm an ex smoker, clean 3 years Mother's Day this year! have had a few since quitting but never bought a pack and totally off it now.

    stay strong! it's sooo worth it. take each urge at a time xx

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