eBaystealth, GST, TAX, How to declare correctly?
Good 'ate everyone, if you dont mind, i have some question and hope you can answer me.
i have about 3 ebaystealth accounts and total revenue to my bank is around 100-150k/per year
So, ebay 1 to bank account 1
ebay 2 to bank account 2 ==> all from 1 bank
ebay 3 to bank account 3
but none of them have over $75k which is GST threads hold
My concerns are if the total money received in bank is over $75k, should i register for GST? if i should, then how do i report it from 3 different accounts?
Im going to open a self - company to have tax benefit but dont know how to declare tax from all those stealth accounts? I have invoices transactions..etc in books, so i just declare them? like i have 1 account? Also, how do i include my company information into those stealth account? or i shouldn't?
About ebay, they all stealth information, do ATO know what im selling? I think they only know the money I received, not what i am selling?
Been selling for 3 years and never declare anything, but i want to sort out asap this year.
Regards
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