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Carpenter just got an ABN


marktitherington

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Hi guy's im a carpenter who moved out to perth about 5 weeks ago now. Ive just set an ABN up and wondered if someone can give me advise on how it all works and best ways to run things. Do I need a separate buissness bank account and pay myself a wage etc. Havent got a clue what im doing. Any help will be much appreciated. Cheers mark

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Agreed, get yourself an accountant. You will have to do quarterly tax returns, but you can claim against the cost of the accountant. I would make an appointment as soon as.

 

only if he is GST registered.listen mark just worry about making the money everthing else falls into place.put 18%of your weekly wage in a separate account ready for the end of the financial year.you can pay your tax quartley or yearly, if your GST registered better do what blossom says. oh and nice one with the work!

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