New business, unsure about tax requirements
Im planning on opening a ebay store and selling stock that ive ordered from a China wholesaler. I was wondering if there was anything i need to do about tax and stuff, And if i need to register my business or get a ABN. I live in Australia.
ta,
Blake
Unfortunately, I'm not aware of the requirements in Australia.
Generally you would need to register your business in some way with the government, and report your net business income on your tax return.
Sorry I couldn't be of additional help.
Small Business CPA
"A tax loophole is something that benefits the other guy. If it benefits you, it's tax reform."
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