Gst
Sole Trader - complete guide
- Asset Protection
- Income
- Expenses
- Tax
- GST
- Buying a business
- Selling a business
- Other
( Posted in: Coming Soon
)
( Posted in: GST & BAS
)
Software Options
- Xero (recommended)
- MYOB Account right / Essentials
- Quickbooks Online
- Excel
( Posted in: Sole traders
)
( Posted in: GST & BAS
)
Do I need to register for GST?
You must register for GST once your sales turnover reaches $75,000 (see below - working out your turnover)
You can voluntarily register for GST if your sales are under $75,000 – business owners choose to register so their business appears bigger than it is or to claim back GST on a large purchase
You must register for GST when you provide taxi or limousine travel for passengers (including ride-sourcing) regardless of your GST turnover – this applies to both owner drivers and if you lease or rent a taxi
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( Posted in: GST & BAS
)