Archive for August 2019
GST And Food, When Is It Taxable?
Not all food sales need to include GST. For business owners knowing whether they need to charge GST in a sale is paramount. As there are many goods and services which are GST free, you will need to ensure that you know which goods you are obligated to charge GST on or not in order…
Read MoreDo I Need To Register For Pay As You Go (PAYG) Withholding?
Any business who has employees or is about to hire an employee will have to deal with pay as you go (PAYG) withholding. As an employer, you collect income tax from the pay you give to your employees. You will then pay that money to the ATO come tax time. This system works similarly to…
Read MoreThe Relationship Between GST and Ridesharing (Uber)
Did you know that as an Uber, Didi, Ola or other ridesharing service driver you must be registered for GST? This means that you will have many extra tax obligations beyond your standard income tax return. Ridesharing can be great for making extra cash, but it is important that all drivers are aware of what…
Read MoreWhen You Should Charge GST (And When You Shouldn’t)
For most businesses based or operating in Australia they will have to charge GST. However, some businesses may sell goods or services that are exempt from GST. Some non-profit organisations may also be entitled to concessions on some transactions with GST. Will I need to register for GST if my goods or services are exempt? If…
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