While this doesn't apply to many people , for those who have their business set up involving a Service Trust , the level of markups on the services provided has been a controversial issue over the last years.
My Accountant has had a watch this space approach , while I've heard some people recommending markups of as low as 2 %.
Some have recommended a varying % ( eg 50 % ) on wages and no mark up on goods purchased on behalf etc.
Finally the ATO have put out a guid on what they consider reasonable. 10 % is their recommended guideline, though obviously one needs to look their specific situation.
My Accountant told me it's coming in force ? 1/7/07 ( couldn't see a date on the actually guide , but I didn't read it all )
http://www.ato.gov.au/businesses/content.asp?doc=/content/71903.htm
See Change
My Accountant has had a watch this space approach , while I've heard some people recommending markups of as low as 2 %.
Some have recommended a varying % ( eg 50 % ) on wages and no mark up on goods purchased on behalf etc.
Finally the ATO have put out a guid on what they consider reasonable. 10 % is their recommended guideline, though obviously one needs to look their specific situation.
My Accountant told me it's coming in force ? 1/7/07 ( couldn't see a date on the actually guide , but I didn't read it all )
http://www.ato.gov.au/businesses/content.asp?doc=/content/71903.htm
See Change