Question: I’m thinking of starting a retail business and although I have an ABN, I have not registered for GST because I do not expect that I will earn the specified amount. However, as a retail business, I will be charging my customers GST on the products they buy. How do I calculate and put [...]
Question:
I have recently moved from the city to the country and I am planning to start a new business there. I have already registered my business name, so can I claim on my tax return the cost of the move or for the purchase of my computer?
Answer:
I don’t believe so. You have not [...]
Question:
I’m thinking of starting a retail business and although I have an ABN, I have not registered for GST because I do not expect that I will earn the specified amount. However, as a retail business, I will be charging my customers GST on the products they buy. How do I calculate and put aside [...]
Question:
I have just started a new business within the mlm (network marketing) industry and I would like to know at what point do I start paying tax and what forms do I need to fill in? I currently am working in a full time position so how does this affect my current tax rate?
Answer:
If you [...]
Question:
I’ve just started my own business as a sole trader and I want to know whether I need to register for the GST or not.
Answer:
There are a number of criteria for deciding on whether to register for the GST. Registering is compulsory if your annual turnover is more than $50,000 annually or is projected to [...]