Recent content by Become_The_Best

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    What is exactly the GST Turnover?

    If you receive $4000 into your bank account during August, is it your GST turn over for that month? Or, is it my gross income excluding any deductions such as UBER Fees, Booking Fees etc? Thanks
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    Ready, Set ... Job Keeper

    I should have worked 20 hours+ before March 2020?
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    Ready, Set ... Job Keeper

    "eligible business participants who were actively engaged in the business for 20 hours or more per week on average" Does anyone have any idea on how do we prove this?
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    GST Input Tax Credit Entitlement

    What is meant by itemized?
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    GST Input Tax Credit Entitlement

    If I pay $1238 to the TMR for my car rego for a year, am I eligible for a GST Input Tax Credit Entitlement? If so, how much would I be able to claim back? The follwing shows the break down. CTP Insurance for RACQ Insurance Limited $811.80 Dr Registration Fee...
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    Sell the car or use it to death?

    I bought my car for $16,000 paid in full. I clock around 64000 km per year. AFTER tax, fuel, servicing, tyres and other expenses. I would be able to save $23,000 per year. Lets say I had the car for 4 years. For 256000 km , I can save $92000. Why do you wanna sell it prematurely while you...
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    Sell the car or use it to death?

    If you buy a brand new car, lets say a Hyundai Sedan for $16,000. You earn $130 per day after GST and Fuel 1) Do you use the car for UBER till 350,000 km, until the car becomes useless? OR 2) Do you wanna sell the car after about 100,000 km and buy a new car? Which one do you prefer?
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    Providing UBER services to family members?

    As long as it's legal with UBER, its fine.
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    Providing UBER services to family members?

    When my Dad wants to go to the train station, he requests my vehicle which is an UBER XL and things happen normally from there, he pays the UBER fair, I get the money and 5 stars and thats it. Is this allowed since he is a family member and lives in the same house as me? Thanks
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    Have you opened a business transaction account for UBER

    Should I open a pty ltd for UBER? Or Just as a sole trader?
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    Have you opened a business transaction account for UBER

    How about Bankwest business account?
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    Have you opened a business transaction account for UBER

    Have you opened a business transaction account for UBER so that the earnings and spending for your business can be tracked easily? This would come handy at TAX times ans also in GST. Could you recommend me a good bank as well? Thanks
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