Ebay business and tax question?
started ebay business few months ago expecting make $100 month in profit , wasn't going bother setting legit business, ie taxes on because thought $20 week. finding i'm making $100 week in profit.
question is, making small amount, i'm still below threshold , won't need pay tax income low. if want put on tax form, have australian business number , quarterly forms (i think, etc) , keep records , such bother. tax department alerted if nothing , keep making money on ebay? or should go trouble of setting abn etc...? thx in advance help.
i started ebay business few months ago expecting make $100 month in profit , wasn't going bother setting legit business, ie taxes on because thought $20 week. finding i'm making $100 week in profit. question is, making this...
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