Home – New Forums Money matters Pty ltd vs sole trader Reply To: Pty ltd vs sole trader

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bb1, post: 265674, member: 53375 wrote:
I’m confused by a couple of things here.

GST would be the same if you are a company or sole trader. Or am I missing something.

PAYG is still tax on your income if you are a sole trader or company (via wage).

Super, yes is compulsory if paying wages from your company, but as a sole trader you should for your own benefit contribute anyhow.

I think you should urgently go see an accountant and go through your specific scenario, to determine the best way forward, taking advise from a forum on something as important as this is fraught with danger to your hip pocket.

Of course I will get professional opinions , but I just thought I would get some views from people in the business world .

This site popped up in an add and I joined randomly to ask the question

Yes the gst would be the same 10% but there would be no company tax cost

Thanks for everyone’s feed back