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  1. Paul@PFI

    Paying sub-contractors registered for GST

    Yes - Its always worth understanding that rule. I'm sure Rob has also seen some who feel that the $75K turnover has to be met before a decision is made to register. That's wrong. Basically I always caution that if TO exceeds $6,250 in any one month then you need to have fairly good reasons why...
  2. Paul@PFI

    Paying sub-contractors registered for GST

    Scott it doesn't matter who you buy from. Cost is cost - inclusive of GST or not.
  3. Paul@PFI

    Paying sub-contractors registered for GST

    I don't agree. You need to evaluate the merits esp if you don't sell to businesses. If Turnover is likely to remain low then you can have a cost advantage selling without incl GST in prices. In its simplest example a ebay seller who is unreg can sell the identical product 9% cheaper. But its...
  4. Paul@PFI

    Paying sub-contractors registered for GST

    Ok - So you are unreg for GST. Lets go back over it. You quote a client $12K..No GST as you aren't registered. Its good practice to includes a statement such as "No GST is included in the price". You still quote an ABN. Its just an invoice / receipt. You get A & B to do work. A is reg...
  5. Paul@PFI

    Paying sub-contractors registered for GST

    This could be a mess in the making.... From the $12K the ATO will expect $1090 leaving $10,909...Then you pay one contractor $5K leaving $5,909. Then the other hands you his invoice for $5,000+GST = $5500. You have $909 left, not $2k.
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