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Old 12-06-2016
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Default setting up a company

For a few years i have just been selling on ebay and funnelling the money through personal bank accounts and not declaring it or paying tax. It has only been small amounts $300-400 a week. I am beginning to ramp up the level of selling and realise the tax man will catch up with me soon.
I would like to set up a company for the money to go through so that i'm able to pay tax and it not affect my current income from my employer.

The question i'm asking today is how other Australians have gone about either setting up a company or how they are able to pay the tax on their ebay business without it affecting income from employers?

Any help would be greatly appreciated!
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Old 12-06-2016
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Default Re: setting up a company

You can still declare income / pay taxes without forming a company for your existing bank accounts

Forming a company just has other benefits (tax savings most of the time)
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