Hi When a trust has a company as a trustee, should the assets purchased be bought on a company ACN or a trust ABN? Is there any difference? I have a same business structure and Optus did not let me to purchase phone on a plan under a trust ABN. They accepted to put it on the Company ACN. Thank you Gordana

Hi I have a client who was working in a child care (paid workplacement) as a teacher and was doing her diploma of teaching. When she has finished her degree she found a new employment where she was better paid aslo as a teacher. Is she able to claim her school fees as a work related education expenses. Thank you Gordana

If the title of the rental property is on a husband (property bought before they get married), can husband and wife share the the income earned from that property? Thank you Gordana

Business motor vehicle was damaged in a car accident and have received compensation. The claim receipt is on a business owner, not a company, but the policy was on a business. There is no GST stated, just the market value. The client have bought another car for the business. Should I treat this claim as assessable income and is it GST incl/excl? This is a new client and I have not received the depreciation schedule yet, so I am not sure is it fully depreciated. Thank you Gordana

Hi I am just wondering if a temporary resident can open a company. Thanks Gordana

Hi One of my clients (Company) receives interest income, which is credited into company bank account. The company has high positive balance all the time. At the same time Resident Withheld Tax on Interest is debited,46% of the credited amount. Why it is taxed that much? How should I record it? Interest earned should be interest income, but tax withheld is not expense it should reduce tax payable. If I debit tax payable would that be right? Thank you Gordana

Hi The Trust is closing 30/6/22. However there are some expenses that came after 30/6/22, such as accounting fees (GST for the last quarter and tax return lodgement), ASIC fees etc. Can I include those after balance date expenses when doing the final tax return and if yes how? What date to put. Thanks Gordana

Minor, who is a beneficiary, turned 18 during the financial year - at the beginning of January. By trustee resolution 30/6, all net income (circa 30,000) is distributed to that beneficiary. What are the tax consequences?