Cherie
Forum Replies Created
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Watch the Module/webinar on “Hold Your Position”
When they say they don’t allow that.. it is only an offer
The comeback is “too bad, unless you can show evidence that what I did was illegal or irrelevant, I’ll proceed with it and for the record, don’t send me a penalty until after you produce your evidence as producing a penalty is inappropriate, irrelevant and frivolous.
Produce the evidence or remit my productivity of labour to me, being my property” from Mark P.
(via Cherie at the Solutions Empowerment HelpDesk – I saw this question and felt that it needed a direct response. This is a good question to ask in the Q&A). 😀
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my license is also signed with All Rights Reserved.
However, NSW won’t let you. because they said you can only sign with words the same as your name.
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Did you post your win on the Testimonials and Wins page?
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Hi Buz,
This is a good question.
I would ask in the Q&A.
I would also give a brief example.
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“shares”
If the Company that offers shares declares this information to the ATO, then I believe that you must put that on your return as this is “evidence” that the ATO can see. Everything else you do is “productivity of labour”. I believe it is the same with bank interest. The bank sends the interest amount to the ATO so you have to declare this to the ATO. However, if you pay the tax to the bank then you don’t have to declare it to the ATO. It is a higher tax amount, though.
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To request a meeting with Mark.
Contact Tab
drop down menu “Get Assistance”
“Get Assistance/Get in touch with SE team” (click button)
on this page, Scroll to the bottom and fill in the form.
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To request a meeting with Mark.
Go to the website under the Contact Tab
See the page on the screenshot.
When you click here you can make request to meet with Mark.
Just copy and paste your question so the SE team can help you.
Cheers, Cherie
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Question “We are a small business & have a public Trust, an accountant completes our returns each year. Can I simply have the accountant put “Final tax return” “YES” on the Trust return only and not individual ones.”
ANSWER: You can only put a YES on Final tax return if you are completely in the Private Realm.
Otherwise, You will need to put “No”.
The Trust that you have is in the Public and has tax obligations that requires it to have a tax return. Unless you dissolve this Trust.
However, if you have one of Mark’s Non-Registered Trusts. This trust does not have legislative compliance and therefore no ATO checks and you can check “Yes” Final Tax Return.
If you want to know more about moving from the Public to the Private Realm without causing “red flags” watch the Modules 1B, 1C and 1D.
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Hi Dave,
All of your activities listed in your question are in the public realm.
I would watch the Mini Course – Foundational Knowledge (under the knowledge tab)
Also, being self employed, I would recommend watching modules below
(under the knowledge tab – scroll down to see the page to see the video)
Module 1B – Steps in the Transition from the Public to the Private Realm (Part 1)
In the Private Realm, you could have a Non-registered trust ($1,650) and funnel the cash that does not have any GST added to the sale or service into that account. Because the cash is for your sustenance (not income – dangerous word) it is outside the ATO. (under resources tab you can read up and watch videos on how trusts work. See if it would benefit you)
When you have an ABN – that is public
When you have a bank account the ATO can see that too.
When you have an employer they can see that too. The tax module can show you how to fill that in.
Cheers, Cherie
PS. After you have done some research and you still have questions. Ask Mark in the Wednesday night Q&A.
solutionsempowerment.org
Module 1D – Integrate Running Your Business In The Public With The Private Realm And How To Run A Business In the Private Realm – SolutionsEmpowerment.org
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😀
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Hi Ania,
More Centrelink could mean more tax which equates to less $ in your pocket.
Less tax and lower Centrelink could mean more $ in your pocket.
By combining all the elements, using maths, will determine which level of income will give you the most $$ in your pocket. This is your goal, isn’t it?
Like Morag, if you become your accountant you can figure out the best course of action.
To start if you don’t know, you can ask your accountant questions. Or Centrelink for their income formula. getting the facts will help you decide. Best of luck.
