[H-GEN] Small-time conslutting work and the Tax system?

[hphillips at 4ward.com.au]

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> If I don't expect to turn over more than a few grand, do I need to
> bother with the ABN, GST hoopla?   What about other tax reporting
> issues?  

You do not need to register for GST, if you don't you can't charge GST
and you can't claim GST that you are charged.

> Given that I do not (at this time) have an accountant, company, or the
> liability insurance and assorted baggage that goes with it, should I
> in fact just run screaming?

> > service, and do not have an ABN, then the customer is required to withhold some
> > 49% in tax, which they pay as part of their GST, and you can claim at tax time.

This information is incorrect, you can fill out a form declaring that you aren't
charging GST and that the work you are doing is considered a hobby and they
can't withhold any of it.

It is also incorrect to say that they it is part of their GST, it is actually called
'No ABN Withholding', it is paid when you do your BAS but it is not part
of the GST payment.





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