Home Forums Starting your journey Tax help for sole trader!!!! Reply To: Tax help for sole trader!!!!

  • Total posts: 6

Thank you for your help! I have not register for GST and understand that tax. It was just the income tax which threw me a bit! So let’s say I buy a product off a supplier for $100 and sell for $200. Do I only pay tax on the profitable amount or for the whole sale of $200? Just so I know what to work my percentage out on!