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Callum Finch
Goo Roo
WA
Soarer TT & Corolla

Posts: 3363
Reg: 09-2005

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Thursday, September 06, 2007 - 07:36 pm, by:  Callum Finch (Sigeneat) Edit Post Delete Post Print Post   View Post/Check IP (Moderator/Admin Only) Move Post (Moderator/Admin Only)

Why are you downgrading to an IS250? Even if it is a newer model it clearly has less street-wang.

Get that M3 and ill comb my brunette wig for you. ;)


Rod, i can afford a 40k car. Dont beleive me?

..Good because its a lie. =P
Daniel Czechowski
Goo Roo
Western Australia
Soarer GT-T (sold :-( ) & IS300 Sports Luxury

Posts: 2967
Reg: 07-2005

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Thursday, September 06, 2007 - 07:38 pm, by:  Daniel Czechowski (Dan) Edit Post Delete Post Print Post   View Post/Check IP (Moderator/Admin Only) Move Post (Moderator/Admin Only)

I want to stop this, but he keeps posting uneducated crap. I don't want him to mis-inform people about novated leases for example. The guy has no idea clearly.

If I see someone is wrong, I correct them, anything wrong with that?
Miles Baker
DieHard
Vic
66 Mustang GT Convertible, 55 Chevy Bel Air, 69 Firebird 455, 73 Corvette 4sp T-Tops

Posts: 790
Reg: 08-2005

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Thursday, September 06, 2007 - 07:39 pm, by:  Miles Baker (Milesb) Edit Post Delete Post Print Post   View Post/Check IP (Moderator/Admin Only) Move Post (Moderator/Admin Only)

Callum I don't even see why we are arguing this with him. He'll never be able to buy the car. Just another dreamer internet kid.

If you try and lease a luxury car, the employer can't write off the lease payments past the luxury car limit. You can't afford that chief.
Rod Iseppi
TryHard
wa
uzz31 v8 limited x2

Posts: 143
Reg: 01-2006

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Thursday, September 06, 2007 - 07:39 pm, by:  Rod Iseppi (Rod) Edit Post Delete Post Print Post   View Post/Check IP (Moderator/Admin Only) Move Post (Moderator/Admin Only)

hey callum ill buy a M3, but you have to sit in the back wearing your wig iv already got a front seat ornament...
Daniel Czechowski
Goo Roo
Western Australia
Soarer GT-T (sold :-( ) & IS300 Sports Luxury

Posts: 2968
Reg: 07-2005

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Thursday, September 06, 2007 - 07:41 pm, by:  Daniel Czechowski (Dan) Edit Post Delete Post Print Post   View Post/Check IP (Moderator/Admin Only) Move Post (Moderator/Admin Only)


Miles Baker wrote on Thursday, September 06, 2007 - 07:36 pm:

Your employer would bill the sh!t out of you for their further tax liability. I experience novated leases from BOTH sides of the equation. I have one and I pay them too.

You can't even afford the damn thing anyway. Stop pulling your dick.




Maybe coz you mister genius know-fark-all did not set yours up corectly. Believe it or not, my IS300 will have zero, zilch, NIL, tax liability. Same goes for my other future cars. Neither my employer, nor me, will pay any extra tax at the end.

I also do over 25K per annum too, so that makes it heaps more easier.


Callum, I wanna get the Sports Luxury model IS250, better specced than my current one.
Rod Iseppi
TryHard
wa
uzz31 v8 limited x2

Posts: 144
Reg: 01-2006

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Thursday, September 06, 2007 - 07:43 pm, by:  Rod Iseppi (Rod) Edit Post Delete Post Print Post   View Post/Check IP (Moderator/Admin Only) Move Post (Moderator/Admin Only)

ok guys im going to start the arguments page in the off topic area, any crap that that starts should be taken straight there for the clash an not dragged out here...
Daniel Czechowski
Goo Roo
Western Australia
Soarer GT-T (sold :-( ) & IS300 Sports Luxury

Posts: 2969
Reg: 07-2005

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Thursday, September 06, 2007 - 07:43 pm, by:  Daniel Czechowski (Dan) Edit Post Delete Post Print Post   View Post/Check IP (Moderator/Admin Only) Move Post (Moderator/Admin Only)

Oh, and I experience BOTH sides as well mate, I am the tax accountant for my employer...

You've crashed and burnt miles, you are way out of your league!
Daniel Czechowski
Goo Roo
Western Australia
Soarer GT-T (sold :-( ) & IS300 Sports Luxury

Posts: 2970
Reg: 07-2005

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Thursday, September 06, 2007 - 07:46 pm, by:  Daniel Czechowski (Dan) Edit Post Delete Post Print Post   View Post/Check IP (Moderator/Admin Only) Move Post (Moderator/Admin Only)


Miles Baker wrote on Thursday, September 06, 2007 - 07:39 pm:

Callum I don't even see why we are arguing this with him. He'll never be able to buy the car. Just another dreamer internet kid.

If you try and lease a luxury car, the employer can't write off the lease payments past the luxury car limit. You can't afford that chief.




If I can be bothered I'll draw up a quick calculation to prove it to you sometime tonight.
Callum Finch
Goo Roo
WA
Soarer TT & Corolla

Posts: 3364
Reg: 09-2005

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Thursday, September 06, 2007 - 07:48 pm, by:  Callum Finch (Sigeneat) Edit Post Delete Post Print Post   View Post/Check IP (Moderator/Admin Only) Move Post (Moderator/Admin Only)


Miles Baker wrote on Thursday, September 06, 2007 - 07:39 pm:

Callum I don't even see why we are arguing this with him



Sorry mate, i wasnt arguing with Daniel.

If you would like my opinion though i'd be inclined to take his word as he is an accountant, which is more qualifications than you have, Miles.
BUT on the other hand i think Daniel did tend to get a tad aggressive with how he was pushing his point; i'd hate to think he would ever be called upon to negotiate a peace treaty. Then again i wouldnt want to negotiate one myself. Too hard.

*Sips his juice*

I dont care how he does it, if Daniel or Rod gets a 2007 M3 i want a ride. Or the new 2008 model with the v8. HORN.
Hell you guys can steal money from the ATO and community chest/free parking for all i care! =P
Miles Baker
DieHard
Vic
66 Mustang GT Convertible, 55 Chevy Bel Air, 69 Firebird 455, 73 Corvette 4sp T-Tops

Posts: 791
Reg: 08-2005

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Thursday, September 06, 2007 - 08:04 pm, by:  Miles Baker (Milesb) Edit Post Delete Post Print Post   View Post/Check IP (Moderator/Admin Only) Move Post (Moderator/Admin Only)

In the end, who drives what?

Daniel has an old IS300 and reckons he's gonna get an IS250 then reckons he's gonna get an ISF maybe when it's used or something or who knows? If dreams were dollars Daniel would be a rich man. But they're not.

Fact of the matter is on 80k you won't be buying an ISF. How do I know? I employ a guy who is on a 100k package. He wanted to buy one of those freakin Porsche Cayenne things. I pay his novated lease. Past 57k, I would not be able to claim lease payments unless the lease was on a company car. If he wants a lease for a 120k car, that's fine, but he would be paying most of the payment out of his after tax income. The dude looked at the amount that would be coming out of his income and nearly sh!t himself. Barely enough left to pay the rent and eat. Now you say you want a 12 month 65% residual? Yeah. I guess what I should have said was you can get a lease, but there's no point. You won't get much tax break. The only reason to do it is if you just don't have the money. I don't see the point in overextending yourself like that and neither did my employee. He bought a different car for 55k - just under the limit.

So anyway, believe what you want. But in the end, what do you drive? And what do I drive? You might get to do the books for your work, but baby, I sign the cheques at mine.

Callum, the fella down the road put his $ down on the M3. Personally I reckon it's not the greatest buy. The first ones won't have the ripper gearbox either. I think the RS4 and the ISF are both better deals.

Now I'm about over this.. I'm gonna give my missus a call.....
Rod Iseppi
TryHard
wa
uzz31 v8 limited x2

Posts: 146
Reg: 01-2006

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Thursday, September 06, 2007 - 08:18 pm, by:  Rod Iseppi (Rod) Edit Post Delete Post Print Post   View Post/Check IP (Moderator/Admin Only) Move Post (Moderator/Admin Only)

thats it - THE END... no more
Luke Nieuwhof
Goo Roo
WA
Soarer TT

Posts: 2311
Reg: 07-2005

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Thursday, September 06, 2007 - 10:18 pm, by:  Luke Nieuwhof (Luke_nieuwhof) Edit Post Delete Post Print Post   View Post/Check IP (Moderator/Admin Only) Move Post (Moderator/Admin Only)


Rod Iseppi wrote on Thursday, September 06, 2007 - 08:18 pm:

thats it - THE END... no more


x2
Adam Peterson
Goo Roo
Western Australia
Bugatti Veyron

Posts: 1123
Reg: 04-2006

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Thursday, September 06, 2007 - 10:45 pm, by:  Adam Peterson (President) Edit Post Delete Post Print Post   View Post/Check IP (Moderator/Admin Only) Move Post (Moderator/Admin Only)

The next off topic post deserves a week holiday.

Keep this thread to SPOTTED !
Daniel Czechowski
Goo Roo
Western Australia
Soarer GT-T (sold :-( ) & IS300 Sports Luxury

Posts: 2971
Reg: 07-2005

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Thursday, September 06, 2007 - 11:37 pm, by:  Daniel Czechowski (Dan) Edit Post Delete Post Print Post   View Post/Check IP (Moderator/Admin Only) Move Post (Moderator/Admin Only)

Back from shops and I see even more nonsense...


Rod Iseppi wrote on Thursday, September 06, 2007 - 08:18 pm:

thats it - THE END... no more




Yep, it will be. I'm actually gonna make up a new thread re novated leases for anyone interest, miles has no farken clue what he is talking about. Bear with me in te meantime while I close this off. Then he can reply on my other thread. So do that Miles, I'll post the link shortly. You've annoyed enough people today already.


Miles Baker wrote on Thursday, September 06, 2007 - 08:04 pm:

In the end, who drives what?

Daniel has an old IS300 and reckons he's gonna get an IS250 then reckons he's gonna get an ISF maybe when it's used or something or who knows? If dreams were dollars Daniel would be a rich man. But they're not.




You drive a 40 yr old Mustang. I drive a 5 yr old IS300, so what? I don't consider your car anything special in the first place! And yes, I will get IS250 at the end of this lease. Not sure what will be after that, but when I can find a used 1-2 yr IS-F, then I shall get one.


Miles Baker wrote on Thursday, September 06, 2007 - 08:04 pm:

Fact of the matter is on 80k you won't be buying an ISF. How do I know? I employ a guy who is on a 100k package. He wanted to buy one of those freakin Porsche Cayenne things. I pay his novated lease. Past 57k, I would not be able to claim lease payments unless the lease was on a company car. If he wants a lease for a 120k car, that's fine, but he would be paying most of the payment out of his after tax income. The dude looked at the amount that would be coming out of his income and nearly sh!t himself. Barely enough left to pay the rent and eat. Now you say you want a 12 month 65% residual? Yeah. I guess what I should have said was you can get a lease, but there's no point. You won't get much tax break. The only reason to do it is if you just don't have the money. I don't see the point in overextending yourself like that and neither did my employee. He bought a different car for 55k - just under the limit.




Geezus, you are wrong again!!! Everything you have said so far was wrong!!! Mate, I don't know how you run your business, but you must be the most incompetent and mis-informed business owner I've ever met. Have you actually seeked any advice on this or what?

ALL benefits subject to Fringe Benefits Tax, including cars, can be claimed as a deduction, both for income tax purposes, as well as GST etc. to the extent of the FBT being paid. Hell, you can claim a deduction for absolutely any private expenses like hookers even, as long as you pay FBT on it, it's fine!

The 57K limit applies only when the car is owned by the company (a novated car is owned by the employee), and it has the effect of reducing your claim for GST up to that amount, as well as depreciation up to that amount.

You obviously don't know sh|t! The lease payments on the car (no matter what the price of it is) are fully deductible for income tax purposes, as well as fully claimable for GST! Even on a $120K car! You do not depreciate the car in your books if it's novated, as it is not an asset to the company, hence the 57K limit DOES NOT apply. Hahahahahhahaa!!!! SO you have overpaid your tax hahahahahahahahahaha!!!!

ANd going back to my personal items, firstly you do not know what my salary is. And yes, admittedly it probably would not be wise to get a 120K car with my current earnings. Secondly, my payrises tend to be just under 20% per year, having said that I will get a second hand IS-F in 3 years time, I'm more than confident that when the time comes I will be able to afford it easy. I dunno what your 100K pa monkey does, surely not my area, so why compare him to me in the first place?

THirdly, 65% residual is required by law for 1 year novated leases.

And lastly, refer to my other thread (I'll post the link when I type it) as to how this works. I honestly feel sorry for your employee, becasue looking at what you have been saying so far your knowledge about FBT and novated leases is greatly innacurate and downright wrong. The figures you have presented to him were obviously way out of whack!


Miles Baker wrote on Thursday, September 06, 2007 - 08:04 pm:

So anyway, believe what you want. But in the end, what do you drive? And what do I drive? You might get to do the books for your work, but baby, I sign the cheques at mine.




You obviously got huge ego problems... and it shows. Your immaturity just shines through your posts big time! ANd I'd still prefer to work for a booming mining/energy company then worry about running a business anyday.
Rod Iseppi
TryHard
wa
uzz31 v8 limited x2

Posts: 148
Reg: 01-2006

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Thursday, September 06, 2007 - 11:41 pm, by:  Rod Iseppi (Rod) Edit Post Delete Post Print Post   View Post/Check IP (Moderator/Admin Only) Move Post (Moderator/Admin Only)

yeah i agree with that. keep it on topic...
spotted the same gold soarer i have spotted about 3 times before, he gave a wave as we were driving/racing alongside each other infront of carousell....
Rod Iseppi
TryHard
wa
uzz31 v8 limited x2

Posts: 151
Reg: 01-2006

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Friday, September 07, 2007 - 12:17 am, by:  Rod Iseppi (Rod) Edit Post Delete Post Print Post   View Post/Check IP (Moderator/Admin Only) Move Post (Moderator/Admin Only)

daniel ive already started a thread for you and miles to go at it. take it away from here !!
Daniel Czechowski
Goo Roo
Western Australia
Soarer GT-T (sold :-( ) & IS300 Sports Luxury

Posts: 2972
Reg: 07-2005

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Friday, September 07, 2007 - 12:24 am, by:  Daniel Czechowski (Dan) Edit Post Delete Post Print Post   View Post/Check IP (Moderator/Admin Only) Move Post (Moderator/Admin Only)


Rod Iseppi wrote on Friday, September 07, 2007 - 12:17 am:

daniel ive already started a thread for you and miles to go at it. take it away from here !!




Yeah dont worry, I'm gonna set up a seperate thread expalining novated lease without any crap around it so it is nicfe and clear, without Miles adding his uneducated junk in there. I'll go and kick MIles' ass in your thread when I'm done with my thread :-)
Rod Iseppi
TryHard
wa
uzz31 v8 limited x2

Posts: 152
Reg: 01-2006

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Friday, September 07, 2007 - 12:33 am, by:  Rod Iseppi (Rod) Edit Post Delete Post Print Post   View Post/Check IP (Moderator/Admin Only) Move Post (Moderator/Admin Only)

thats good, its the argument page, whatever dosnt fit in spotted goes straight there... :-)
Callum Finch
Goo Roo
WA
Soarer TT & Corolla

Posts: 3365
Reg: 09-2005

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Friday, September 07, 2007 - 07:35 am, by:  Callum Finch (Sigeneat) Edit Post Delete Post Print Post   View Post/Check IP (Moderator/Admin Only) Move Post (Moderator/Admin Only)

Spotted Rod being heroic.
Rod Iseppi
TryHard
wa
uzz31 v8 limited x2

Posts: 155
Reg: 01-2006

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Friday, September 07, 2007 - 07:48 pm, by:  Rod Iseppi (Rod) Edit Post Delete Post Print Post   View Post/Check IP (Moderator/Admin Only) Move Post (Moderator/Admin Only)

haha yeah i am a bit of a hero
Rod Iseppi
TryHard
wa
uzz31 v8 limited x2

Posts: 156
Reg: 01-2006

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Friday, September 07, 2007 - 07:52 pm, by:  Rod Iseppi (Rod) Edit Post Delete Post Print Post   View Post/Check IP (Moderator/Admin Only) Move Post (Moderator/Admin Only)

spotted - a blue TT [1AXE-###] on leach hwy, single pipe out back and sunroof sheild, about 30 soft toys on the parcel shelf...
Brandon Sia
Tinkerer
WA
Soarer TT

Posts: 9
Reg: 08-2007

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Friday, September 07, 2007 - 08:59 pm, by:  Brandon Sia (Psiblade) Edit Post Delete Post Print Post   View Post/Check IP (Moderator/Admin Only) Move Post (Moderator/Admin Only)

spotted CEOWULF/WOLF? on burrendah boulevard this morning with another dark coloured soarer in front of him. drove right past me lol nice cars
Phil Gibson
Goo Roo
WA
'94 black/black UZZ31

Posts: 1116
Reg: 07-2005

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Friday, September 07, 2007 - 09:05 pm, by:  Phil Gibson (Sciflyer) Edit Post Delete Post Print Post   View Post/Check IP (Moderator/Admin Only) Move Post (Moderator/Admin Only)

spotted wine red soarer with gold stripes nice wheels and for sale sign

drove past before i could see how much they wanted for it
Andrew Cox
Tinkerer
Perth
Soarer V8 Ltd

Posts: 53
Reg: 05-2007

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Saturday, September 08, 2007 - 05:27 pm, by:  Andrew Cox (400sc) Edit Post Delete Post Print Post   View Post/Check IP (Moderator/Admin Only) Move Post (Moderator/Admin Only)

spotted SOARIN on tonkin yesterday arvo
Rod Iseppi
TryHard
wa
uzz31 v8 limited x2

Posts: 184
Reg: 01-2006

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Saturday, September 08, 2007 - 09:23 pm, by:  Rod Iseppi (Rod) Edit Post Delete Post Print Post   View Post/Check IP (Moderator/Admin Only) Move Post (Moderator/Admin Only)

spotted a wine red soarer in kingskey today, had 97 front bar and 91 tail lights, looked nice.

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