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Perth Garage Doors
  • Total posts: 7
TehCamel, post: 197207 wrote:
Tax, or GST?
Are you a company or a sole trader, or something else ?

Hi I am a sole trader I just want to make sure I’m getting taxed correctly on my profit. not gst

Example bank statements show $100,000 has gone in from jobs $40,000 of that is cost of materials I want to make sure that I’m getting taxed on $60,000 not $100,000 it has been listed by book keeper that $60,000 is actual profit and $40,000 is materials I hope this makes sense