Question 6 - Do I Have To Include GST On My Invoices

You only need to register for GST with the Australian TaxationOffice (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?
• Can I Claim Motor Vehicle Expenses?
• What Software do You Recommend for My Start-Up Business?
• How Much Tax Do I Pay?
• 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?