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  • #978708
    Rojames
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    Hey guys,
    My wife and I have just bought a cafe in Victoria,
    I have sorted most of the essentials out but am stumped on one question….

    My wife wishes to pay herself a wage out of the cafe’s earnings,
    do I need to register for PAYG and do it like an employee? Or is she just free to draw out a wage of whatever, whenever she wants?

    Also I’m using MYOB Live accounts (the online one) Would I need to enter this expense into that program?

    Thanks heaps!

    Rohan

    #1108973
    SalenaKnight
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    what is your business set up (sole trader, partnership/company). If compnay, is she a director?

    #1108974
    TheGoldenGoose
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    As above, depends which business structure you’ve gone with.

    :)

    Would recommend you pick an accountant and go in for an hour’s chat now, talk it all through. If you use the same one every year, most are happy to do phone consults for quick questions for free.

    #1108975
    sam_leader
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    Hi Rohan,

    The ATO offer a service where they give you free advice about your set up. You make an appointment and a representative will come to you. Here’s some more info http://www.ato.gov.au/businesses/content.aspx?doc=/content/77828.htm&alias=assistancevisit

    Also, did you have a read of this post? There are a couple of useful links for those going into the cafe business http://www.flyingsolo.com.au/forums/starting-business/14182-starting-business-please-read-before-posting.html

    Good luck! Mine’s a flat white ;)

    Sam

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