Curiousasacat
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Thanks Marly and Makara for posting loosemarbles posts : )
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Hmmmmm, talking to pictures on the wall.....you'll fit right in
here!!:floorlaugh:
Hi and welcome.
It is quite common for business people to lease their cars - makes a good tax deduction and is easy enough to upgrade regularly. Also being in Real Estate, maybe there was tax benefits in renting a house as well. In business it is not uncommon to show no or little profit due to tax deductions (dodges?) Business people often have everything in the business name.
IMO
Hmmmmm, talking to pictures on the wall.....you'll fit right in
here!!:floorlaugh:
not strictly correct, insolvent is unable to pay debts as and when they fall due. eg a million dollar loan due in say june 2015 would not render one insolvent. emphasis is on "as and when they fall due"
Previous posts by Maverik1 and Susan12 re Scout Camp
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Our rental house used to be with a very dodgy rental company! They would take our money for a plumber or electrician to visit and then they'd tell us nothing could be done. Our poor tenants living with tepid hot water for a year. It's only that we found out we knew the tenants and they said no tradespeople had been around that they were caught out. Our electrician visited and fixed the problem in ten minutes! Grrr. :banghead:
Who knows what other dodgy things rental management companies can do!?
http://www.youtube.com/watch?v=RS6wCCXfJqA&feature=player_embedded
Say lawyer Chris Nyst helped with legal issues related to his car early this year. (Lexus IMO)
Thank you for that squizzey1.. ..so as and when they fall due....the numerous companies he was involved in is incredible to me anyway, I just don't know enough about Company Law...were his books in order, who was his Accountant and doing all the paperwork? As another poster rightly pointed out GBC owed money to friends, business associates, EBC/NBC etc. EBC & NBC were Directors as well, so they owed money as well technically speaking?
Thank you for that squizzey1.. ..so as and when they fall due....the numerous companies he was involved in is incredible to me anyway, I just don't know enough about Company Law...were his books in order, who was his Accountant and doing all the paperwork? As another poster rightly pointed out GBC owed money to friends, business associates, EBC/NBC etc. EBC & NBC were Directors as well, so they owed money as well technically speaking?
http://www.youtube.com/watch?v=RS6wCCXfJqA&feature=player_embedded
Say lawyer Chris Nyst helped with legal issues related to his car early this year. (Lexus IMO)
didnt Tomic drive a BMWHe helped Bernard Tomic,with his legal issues re car, not GBC
I have worked with around 60 real estate agents in my business and have only once came across two who rented their primary residence. One was involved in a marriage break up and the other was as dodgy as Gerard lol.
If the persons house is in the business name and used as a deduction then it has to be used for business purposes only. It is not as simple as just calling it a business address when it is clearly a home with a family living in it. If you are running a home based business and have no other business address then you can claim some of the costs but not the entire rent and expenses. You cant double dip and claim your business address then claim part of your home.
Danke Curious for the update. It can have the opposite reaction and make the person 'wired'.
Doc Watson would have more knowledge about this........ Cheers
http://www.youtube.com/watch?v=RS6wCCXfJqA&feature=player_embedded
Say lawyer Chris Nyst helped with legal issues related to his car early this year. (Lexus IMO)
He helped Bernard Tomic,with his legal issues re car, not GBC
at the bail hearing didnt they say no visible signs ?????That theory re ABC driving to the scout camp has also been mentioned at my work place. The story I have heard is that she was repeatedly run over. Once again this is a rumour circulating around. I guess it could be possible.
didnt Tomic drive a BMW