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Paying GST
Hi there,
I am self employed as a sole trader and am in the process of setting up a private foundation to use to bring my business expenses down etc.
My question is in regards to GST. Should I just charge GST as normal, put the GST aside and complete a BAS as normal? Would this cause any clashes with the information I provide in my individual tax return.
Can anyone share their experience with this?
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2 Replies
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sorry dont have an answer to yr question, but i would be keen on knowing a bit about foundation..as sole trader tradie.i too thinking of going down that route…are you setting it up as a community service or just operating as usual but under the guise of foundation? is it with peter duff?.. is it fairly straight fwd? Sorry about not answering yr question and then hitting you with mine! cheers any pointers appreciated
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Whoever you are setting up the foundation with should be able to answer your questions.