AVZ Discussion 2022

[Winenut]

I'm partially joking TC, let's just say I'll be glad to be rid of him because he's conservative and boring with no sense of humour. Not to say lack of liquidity isn't somewhat of an issue for both of us atm but he's just going to have to wait.
His distaste for any sort of risk is evident. I feel like a naughty school boy whenever I go in there with Mr Tubby judging me for my irresponsible financial behaviours.

Classic!

By their doctrine and learnings accountants are essentially required to be conservative

They don't all wear brown cardigans but use your accountant for his/her correct purpose.....pretty much what the Count was sayin'

Now if you want a dodgy accountant who really bends the rules and pushes the boundaries around that legislation and the standards and encourages you into all sorts of risky behaviours that have the capacity to really fuck up your financial shit well.....that could be fun too!

And the drugs will probably be better....

Not financial advice

 

[TheCount]

I've often wondered if there's decent tax benefits, without too much faf, in getting an ABN and claiming to be a "Professional Trader."
I did look into claiming home office space in this circumstance, but the rules are pretty crap trying to get that action, like I think you need a visible business sign outside you house.
Apart from claiming the odd computer and office chair, I don't think there's much in that.
Anyone got some real life experience doing this? Feel free to share.

Don't need bricks & mortar sign to be a business.

I won't divulge anything specific here because my situation is tightly managed by my Accountant, but you need to get your own good Accountant, and the ability to Invoice your Employer rather than being an employee. Trading then gives you an additional income stream for example. Bring a partner into the business and it gets better...

Then - you get to decide what costs the company pays or reimburses you - for example, YOU own the car and you need to be reimbursed for travel. You run a small office, so anything associated with that are paid for in pre-tax dollars, even a percentage of the interest on your Mortgage is deductible - but be careful of CGT should you sell the family home. If renting, then less problems.

There is more paperwork and just one spreadsheet. I'd spend about an hour a week and then one more hour per quarter dealing with BAS, STP and SGC obligations.

It can be done.

TC.

 

[TheCount]

Classic!

By their doctrine and learnings accountants are essentially required to be conservative

They don't all wear brown cardigans but use your accountant for his/her correct purpose.....pretty much what the Count was sayin'

Now if you want a dodgy accountant who really bends the rules and pushes the boundaries around that legislation and the standards and encourages you into also sorts of risky behaviours that have the capacity to really fuck up your financial shit well.....that could be fun too!

And the drugs will probably be better....

Not financial advice

View attachment 15900

Just visit the Courts ANY day of the week and you'll see them lined up in the docks. Plenty of R&D experts with Eastern Block surnames keen for your business!

TC.

 

[TheCount]

Classic!



They don't all wear brown cardigans but use your accountant for his/her correct purpose.....pretty much what the Count was sayin'

Exactly - some of them wear black capes.....
TC.

 

[Thaz]

maybe you could have a word to my accountant? I've told him it'll be fine but he ain't having a bar of it.

Mind you if I had have listened to that dick head I'd be down 8% instead of up 800%

I'm an accountant. Not sure why your accountant would be providing advice on investments if he isn't a registered financial advisor.

 

[Thaz]

Don't be afraid to ask CGT queries here too. @Thaz is a great resource and will gladly give you generic commentary.

Every shareholder should understand the basics of the tax implications of their investment - and take it as far as you are comfortable with... No harm in understanding the CURRENT treatment of income versus capital etc etc and throw in a few 'what-ifs' too..

Then work on "levelling-up" and learn to ask better questions of your Accountant!

TC.

Thanks for the kind words !

Happy to assist anyone with some generic advice.

I (personally) am not a registered tax agent so can't provide nor charge for advice.

 

[Winenut]

Been getting into the DRC Mining Cadastre Map Portal http://drclicences.cami.cd/EN/

I have taken a number of snap shots which I am dating and keeping

There are four main tenements of interest each with their own specific number

I'm just posting the four snaps I have logged and dated as at today

Not offering any interpretation of them but I want to start building up my own clearly understandable and chronological series of images to track any changes going forward

 

[MoneyBags1348]

Don't need bricks & mortar sign to be a business.

I won't divulge anything specific here because my situation is tightly managed by my Accountant, but you need to get your own good Accountant, and the ability to Invoice your Employer rather than being an employee. Trading then gives you an additional income stream for example. Bring a partner into the business and it gets better...

Then - you get to decide what costs the company pays or reimburses you - for example, YOU own the car and you need to be reimbursed for travel. You run a small office, so anything associated with that are paid for in pre-tax dollars, even a percentage of the interest on your Mortgage is deductible - but be careful of CGT should you sell the family home. If renting, then less problems.

There is more paperwork and just one spreadsheet. I'd spend about an hour a week and then one more hour per quarter dealing with BAS, STP and SGC obligations.

It can be done.

TC.

What about @JAG claiming entertainment expenses for luxury trips on yachts to exotic locations with swimsuit models…. By the way Count, you’re not changing me for that advice, you’ve already made $500 on this thread in the last hour

 

[Samus]

I'm an accountant. Not sure why your accountant would be providing advice on investments if he isn't a registered financial advisor.

Yes it shows, no sense of humor
Actually the firm offers taxation, accounting, business advisory etc.

 

[Sammy_da_Smile]

Been getting into the DRC Mining Cadastre Map Portal http://drclicences.cami.cd/EN/

I have taken a number of snap shots which I am dating and keeping

There are four main tenements of interest each with their own specific number

I'm just posting the four snaps I have logged and dated as at today

Not offering any interpretation of them but I want to start building up my own clearly understandable and chronological series of images to track any changes going forward

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View attachment 15902

View attachment 15903

View attachment 15904

Also mate, if you see below the search function also provides further information on the status. For example 4030! Also I check the website daily and have all screen shots of previous changes which I have mentioned on here. Let me know if your after anything

 

[JAG]

What about @JAG claiming entertainment expenses for luxury trips on yachts to exotic locations with swimsuit models…. By the way Count, you’re not changing me for that advice, you’ve already made $500 on this thread in the last hour

 

[Mr Inappropriate]

Been getting into the DRC Mining Cadastre Map Portal http://drclicences.cami.cd/EN/

I have taken a number of snap shots which I am dating and keeping

There are four main tenements of interest each with their own specific number

I'm just posting the four snaps I have logged and dated as at today

Not offering any interpretation of them but I want to start building up my own clearly understandable and chronological series of images to track any changes going forward

View attachment 15901

View attachment 15902

View attachment 15903

View attachment 15904

That grey area (in the middle of the picture) that cuts across CDL has me intrigued. I’d like to know who has that…

 

[TheCount]

What about @JAG claiming entertainment expenses for luxury trips on yachts to exotic locations with swimsuit models…. By the way Count, you’re not changing me for that advice, you’ve already made $500 on this thread in the last hour

No charge for voicing my opinion or telling a story!

Easy, have the company supplying the service make their invoice out for ‘snacks’ and in your books you call that Staff Amenities. I am serious, we’ll maybe not snacks as such but you get the idea.

Don’t go nuts, be realistic and don’t go posting photos over the ‘net…

TC.

 

[Charbella]

3/5 stocks removed from ASX 200 have gone up today.

ZIP -4.5%

CCX +2.95%

CUV +2.18%

EML -1.15%

JHG +1.56%

 

[MoneyBags1348]

No charge for voicing my opinion or telling a story!

Easy, have the company supplying the service make their invoice out for ‘snacks’ and in your books you call that Staff Amenities. I am serious, we’ll maybe not snacks as such but you get the idea.

Don’t go nuts, be realistic and don’t go posting photos over the ‘net…

TC.

Thanks Count, but @JAG reckons that company doesn’t want to disclose who they are or where the yacht and girls are from but apparently the location was recommended by Jeffrey Epstein

 

[Xerof]

That grey area (in the middle of the picture) that cuts across CDL has me intrigued. I’d like to know who has that…

Tailings tenement, surface only. Tantalex claim to have it, but who the fuck knows with CAMI in charge of the detail

 

[TheCount]

Thanks Count, but @JAG reckons that company doesn’t want to disclose who they are or where the yacht and girls are from but apparently the location was recommended by Jeffery Epstein

Fair enough. I’ll ply him with a keg of AVZ Ale and some of Cash’s other extra-curricular adult beverages and he’ll reveal all!!

TC.

 

[MoneyBags1348]

Tailings tenement, surface only. Tantalex claim to have it, but who the fuck knows with CAMI in charge of the detail

TANTALEX RESOURCES CORPORATION SIGNS DEFINITIVE AGREEMENT WITH MINOR SARL FOR EXPANDED RESOURCE AREA ON THE MANONO LITHIUM TIN TAILINGS PROJECT

Toronto, Ontario October 12, 2021 – Tantalex Resources Corporation (CSE: TTX) (“Tantalex” or the “Corporation”), is pleased to announce that it has completed the Deed of Agreement with Minor SARL to acquire 25% of the shares in MINOCOM SAS, holder of the mining concession PER 13698 with an...

tantalexlithium.com

 

[Doc]

Fair enough. I’ll ply him with a keg of AVZ Ale and some of Cash’s other extra-curricular adult beverages and he’ll reveal all!!

TC.

You blokes weren’t having a night out with Wayne Carey recently by any chance were you? I wonder what he puts that in the books as…..?
Fancy a baggie dropping out of your pocket as you reach for some pineapples, funny stuff.

 

[antimatter]

Maybe my villa will end up close to yours?

Although I do like Liguria as well

Fine choice. Mine will not be as refine since beside wine, I also like grappa. So Marostica is the base. Come and say hello .