Question 6 - Do I Have To Include GST On My Invoices?
You only need to register for GST with the Australian Taxation
Office (ATO) if your annual turnover/revenue exceeds $75,000 per annum (or $150,000 per annum for non-profit organisations). Once you are registered for GST, by law you must add 10% GST to all of your tax invoices that you issue to customers.
OTHER QUESTIONS IN THIS SERIES:
- What Steps are Involved in Starting a Business?
- Do I Have to Register for GST?
- What Tax Records Do I Need to Keep for My Business?
- What Is a Business Activity Statement?
- What’s the Difference Between an ABN and an ACN?
- What Software do You Recommend for My Start-Up Business?
- How Much Tax Do I Pay?
- Can I Claim my Motor Vehicle Expenses?
- What Do I Need to Do When I Employ My First employee?
- What's The Most Appropriate Tax Structure For My Business?
- Are You Small Business Experts?
- How Much Do You Charge?
- How Do I Change Accountants?
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2 Dec
$3 Million Superannuation Tax Scrapped
The government's proposal to introduce a higher tax on superannuation balances exceeding $3 million has officially been shelved—at least for
this year. After a series of events in Parliament, the measure has been abandoned due to significant opposition and difficulty in passing. Here's a breakdown of what happened and what this means for superannuation policy going forward.
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18 Sep
How To Get Debt Free
The chances are you’ve got some personal debt hanging over your head. But here’s the thing: getting rid of personal debt should be at
the top of your financial to-do list. Why? Because living debt-free is not just about having more money; it’s about having peace of mind and
freedom. .
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