Forum

Ato 2011 assistance please
 

Hi all E-bay sent a message advises these details would be sent to ATO and Centerlink.

?Contact name and user ID
?Email Address and IP Address
?Company /Business Number and ABN
?Address
?Telephone numbers
?Date of Birth
?Registration Date
?Banking Account Details
?Monthly sales for the period June 2010 ? June 2011

I understand that it is my responsibility to pay tax on anything that I owe and it is extremely bad to give misleading information.
Thing is the account does not reflect any of my correct information so It is kind of hard to put this on my tax.

I'm sure many people have questions in regards to this.
My concern is in regards to IP address and PHONE number.

My ip is dynamic which always changes and phone is a mobile working SIM with my name.

I'm wondering weather the ATO would go into soo much detail to contact ISP or phone service provider to confirm name/address??
Would e-bay only pull bank details they have or from pay-pal was well??

Very curious,
Any input would be lovely... :pop2:

Wasn't it only for people who had earned over $20,000 or $30,000 within the past financial year via eBay/Paypal?

'Sold over $20,000 of goods in a financial year. NOT earned but sold. Technical difference.

Recommend getting in touch with an accountant to ensure taxes due etc are paid.

Should ATO take a customer to audit, everything is checkable. :spy:

Centrelink's involvement is not confirmed yet.

ATO will start sniffing August 2011. That is a mere 6 weeks away.
Get proactive now:pop2:

perhaps opening and closing stealth accounts when you reach limits is best..that way you cannot be done perhaps

Isn't taxes are on profit not sales revenue? but it is difficult to measure profit though.

I'm not a tax accountant.

go check what ebay.com.au says on the matter.

tax accountant answers those matters. Not this forum :peace: