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Cheesenium
post Mar 16 2008, 08:10 PM

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QUOTE(chris_c28 @ Mar 16 2008, 07:17 PM)
I'm pretty sure there should still be StuVac, probably just 2-3 days rather than a week.
The official line is that a 12 week semester is in line with other Go8 universities as previously we had the longest running session.
*
Ok,that doesnt sound so bad after all.
kenny1983
post Mar 16 2008, 08:39 PM

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QUOTE(KVReninem @ Mar 16 2008, 07:03 PM)
same... long run to go ~!@
ooo really ..i wanna go hobart then  tongue.gif
indeed zltan ..sadnesss sweat.gif
*kenny seem minat kawaiikanabe* blush.gif  OT sorry ~
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im not minat kawaiikanabe, just caring for the ppl in this forum ok? dont missunderstand...........
TSKVReninem
post Mar 16 2008, 09:04 PM

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QUOTE(kenny1983 @ Mar 16 2008, 09:39 PM)
im not minat kawaiikanabe, just  caring for the ppl in this forum ok? dont missunderstand...........
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chill bro! just playing ya tongue.gif


Plant
post Mar 17 2008, 09:26 AM

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QUOTE(kenny1983 @ Mar 14 2008, 05:02 PM)
oic, u want going for brisbane for study? or just for easter holiday?
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I'll do it balance, yin and yeng style, morning or afternoon wake up spend few hours researching and doing assignment(gather information), tea break for half hours then countinue for few hours, after that i go play psp,DS or whatever i do to enjoy myself for the rest of the day. For example like 12pm-4pm go do assignment, after that i gonna play the whole day. So yea, this is how i plan for the easter holiday... cant study the whole day, for some people can do it, but for me... "This Is Madness". laugh.gif
Cheesenium
post Mar 17 2008, 10:18 AM

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QUOTE(Plant @ Mar 17 2008, 09:26 AM)
I'll do it balance, yin and yeng style, morning or afternoon wake up spend few hours researching and doing assignment(gather information), tea break for half hours then countinue for few hours, after that i go play psp,DS or whatever i do to enjoy myself for the rest of the day. For example like 12pm-4pm go do assignment, after that i gonna play the whole day. So yea, this is how i plan for the easter holiday... cant study the whole day, for some people can do it, but for me... "This Is Madness". laugh.gif
*
Yeah,most likely i'll do that too or one day hardcore study and i'll spent the next day in the city.
kawaiikawabe
post Mar 17 2008, 01:01 PM

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QUOTE(kenny1983 @ Mar 16 2008, 08:39 PM)
im not minat kawaiikanabe, just  caring for the ppl in this forum ok? dont missunderstand...........
*
I will be staying with my friends. Thanks for your caring. Will contact you guys when i'm in brisbane. It's nice knowing new friends. hehe!! tongue.gif

QUOTE(KVReninem @ Mar 16 2008, 09:04 PM)
chill bro! just playing ya  tongue.gif
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he is friendly. icon_rolleyes.gif

This post has been edited by kawaiikawabe: Mar 17 2008, 01:02 PM
TSKVReninem
post Mar 17 2008, 01:43 PM

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Melbourne 38 C !! sweat... last day...then the whole week is cool change rclxm9.gif
Cheesenium
post Mar 17 2008, 01:45 PM

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QUOTE(kawaiikawabe @ Mar 17 2008, 01:01 PM)
I will be staying with my friends. Thanks for your caring. Will contact you guys when i'm in brisbane. It's nice knowing new friends. hehe!! tongue.gif
he is friendly.  icon_rolleyes.gif
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He seem more than just being friendly.

More like this, wub.gif .

laugh.gif tongue.gif rolleyes.gif
TSKVReninem
post Mar 17 2008, 01:52 PM

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QUOTE(Cheesenium @ Mar 17 2008, 02:45 PM)
He seem more than just being friendly.

More like this, wub.gif .

laugh.gif  tongue.gif  rolleyes.gif
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cheesium, just leave them alone tongue.gif laugh.gif
or else later wkkay come in and chop chop us rolleyes.gif
Cheesenium
post Mar 17 2008, 02:09 PM

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QUOTE(KVReninem @ Mar 17 2008, 01:52 PM)
cheesium, just leave them alone tongue.gif  laugh.gif
or else later wkkay come in and chop chop us rolleyes.gif
*
Ok,i'll leave them alone.Whatever they do is none of our business.

Cheers.
kawaiikawabe
post Mar 17 2008, 03:58 PM

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QUOTE(Cheesenium @ Mar 17 2008, 01:45 PM)
He seem more than just being friendly.

More like this, wub.gif .

laugh.gif  tongue.gif  rolleyes.gif
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QUOTE(KVReninem @ Mar 17 2008, 01:52 PM)
cheesium, just leave them alone tongue.gif  laugh.gif
or else later wkkay come in and chop chop us rolleyes.gif
*
smile.gif smile.gif smile.gif
Cheesenium
post Mar 17 2008, 05:31 PM

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QUOTE(kawaiikawabe @ Mar 17 2008, 03:58 PM)
smile.gif  smile.gif  smile.gif
*
Whats that for? blink.gif
wartevar
post Mar 17 2008, 06:09 PM

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hey can anyone here help me with taxation law? i'm kinda struggling with it..pls pm me if u can help me.pleaseeee......
Sesshoumaru
post Mar 17 2008, 06:11 PM

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Just post your question here.
wartevar
post Mar 17 2008, 06:27 PM

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ok..cool...thanks

heres de question

QUOTE
Terry Waters is a sole trader who owns and operates a business named Prime Pumps, a franchised business selling and repairing irrigation pumps. He is not an STS taxpayer. For the year ending 30 June 2008 he has handed you the following information.

Receipts
Pump sales - cash received               $400,000
Pump repairs - cash received      150,000
Dividends received - fully franked         3,500
        - partly franked  to 60%        7,000

Further information
Sales accounts receivable as at 30 June 2007       $25,000
Sales accounts receivable as at 30 June 2008         18,000
Repairs accounts receivable as at 30 June 2007        5,000
Repairs accounts receivable as at 30 June 2008        8,000        

(i don't know what to do with all these figures on top)

Terry won a prize provided by the franchisor for being 'Franchisee of the Year' based a number of business criteria. His prize was a $13,000 holiday comprising tickets valued at $5,000, accommodation valued at $6,000, and $2,000 in spending money. The tickets and accommodation were valued at normal retail costs, but the franchisor was able to acquire them for $3,000 and $4,000 respectively. 


(as far as i noe, this is not assessable income because its not transferable....but the thing is it did not state whtr is transferable or not...i got confuse?


QUOTE
Terry is the coach of the local football club and is paid $5,000 per season plus a bonus of $1,000 for reaching the grand final. Payment is made in two instalments each year: instalment 1 of $3,000 is paid in May and instalment 2 of $2,000 (plus the bonus if applicable) is paid at the end of the season in September. In the 2007 season, Terry's team was successful in winning the grand final. As at 30 June 2008, in respect of the 2008 season, he has received the first instalment of $3,000, but not the second instalment.



( is this restrictive convenant? im not too sure bout dis...?


and how much is terry's total assessable income?



I'm really confuse when i get this question.... really appreciate if sumone here can help me out so i can understand this better...thank u


its so confusing...


Added on March 17, 2008, 8:42 pmnobody knows? sigh.....

This post has been edited by wartevar: Mar 17 2008, 08:42 PM
december88
post Mar 18 2008, 03:11 PM

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QUOTE(haya @ Mar 13 2008, 08:28 AM)
God! it's freaking hot in this place! At times like this, I wish I had an A/c in my room.

How do you guys deal with the heat? probably a good question for those in Adelaide now also.
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Stay in the cool sweet library, lolz, my hostel has a wire trip twice this past 2 weeks bcoz the air con were overloading the power grid. But today is a nice day, windy and cold. just the way i like it.

QUOTE(snowcandy @ Mar 14 2008, 09:01 AM)
I normally go to the City Council Library at Grote Street or Hutt Street.
Lols. Those are the only few libraries that I know off. =x
*
come adelaide uni libarary. ^^ free to enter but you can't borrowed books sadly if you're not a student. Anyway cheers.
TSKVReninem
post Mar 19 2008, 06:22 AM

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Happy Easter Break everyone!
Sesshoumaru
post Mar 19 2008, 08:00 AM

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Terry Waters is a sole trader who owns and operates a business named Prime Pumps, a franchised business selling and repairing irrigation pumps. He is not an STS taxpayer. For the year ending 30 June 2008 he has handed you the following information.

Receipts
Pump sales - cash received $400,000
Pump repairs - cash received 150,000
Dividends received - fully franked 3,500
- partly franked to 60% 7,000

Further information
Sales accounts receivable as at 30 June 2007 $25,000
Sales accounts receivable as at 30 June 2008 18,000
Repairs accounts receivable as at 30 June 2007 5,000
Repairs accounts receivable as at 30 June 2008 8,000

(i don't know what to do with all these figures on top)

Terry won a prize provided by the franchisor for being 'Franchisee of the Year' based a number of business criteria. His prize was a $13,000 holiday comprising tickets valued at $5,000, accommodation valued at $6,000, and $2,000 in spending money. The tickets and accommodation were valued at normal retail costs, but the franchisor was able to acquire them for $3,000 and $4,000 respectively.


(as far as i noe, this is not assessable income because its not transferable....but the thing is it did not state whtr is transferable or not...i got confuse?


I was hoping someone who did a full law course would advise you, but I guess you'd have to settle for less =P.

Basically those figures given to you is to calculate the final assessable income (income to be taxed). You'd also have to do a franking credit account as there are information given. The receipts from the business are quite obvious to be assessable income, but decide if those prize money are a gift or not. I can't really give you exact details without rummaging through my notes, but that's the rough idea of it. I know it hardly helps though =(.



Terry is the coach of the local football club and is paid $5,000 per season plus a bonus of $1,000 for reaching the grand final. Payment is made in two instalments each year: instalment 1 of $3,000 is paid in May and instalment 2 of $2,000 (plus the bonus if applicable) is paid at the end of the season in September. In the 2007 season, Terry's team was successful in winning the grand final. As at 30 June 2008, in respect of the 2008 season, he has received the first instalment of $3,000, but not the second instalment.


Nah this is not a restrictive covenant. A restrictive covenant is simply an agreement made to not do something by one party, and is compensated for that giving up of rights by the other. I think you are suppose to decide if the second installment is taxable in this current period even though he has not received it.
kawaiikawabe
post Mar 19 2008, 10:28 AM

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QUOTE(Cheesenium @ Mar 17 2008, 05:31 PM)
Whats that for? blink.gif
*
Nothing. just a smile face.

Anyways, I'm in brisbane now. cool2.gif
TSKVReninem
post Mar 19 2008, 01:27 PM

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QUOTE(kawaiikawabe @ Mar 19 2008, 11:28 AM)
Nothing. just a smile face.

Anyways, I'm in brisbane now.  cool2.gif
*
tats early! sweat.gif

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