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Old 10-30-2013
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Default 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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Old 10-30-2013
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Default Re: eBaystealth, GST, TAX, How to declare correctly?

You will need to seek a tax professional.

We don't do taxes here.
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