Forum Replies Created

  • healthspiritwealth

    Member
    June 16, 2025 at 7:57 pm in reply to: GST and tax when a sole trader

    You must register for GST: when your business or enterprise has a GST turnover (gross income from all businesses minus GST) of $75,000 or more (the GST threshold) – to find out how this is calculated see Working out your GST turnover.

    Do you receive more than $75k per year?

    • healthspiritwealth

      Member
      June 16, 2025 at 8:04 pm in reply to: GST and tax when a sole trader

      When interacting with the “system” you can circumvent some rules. Getting your employer to pay without taxing you is terrific but the trade off is paying GST. It is not advisable to try and get the GST back as the ATO may come for the unpaid tax and create problems and stress for you. The only way to pay zero is having your own business.

  • healthspiritwealth

    Member
    December 9, 2024 at 9:06 pm in reply to: Notice of Penalty

    Wednesday night webinar is the forum to have Mark answer your questions.

    You can also watch the webinars under the Knowledge Tab “webinars & modules”

    Mark has other modules in replying to Letters from IRS (ATO in Australia) etc.

    There are several modules that you can watch the webinar (included in membership) then if you want the support documents you can purchase those.

    Here are a few webinars to watch to gain clarity on the situation.

    Module 4 – Accept a Public Offer To Contract (eg Statement of Account) On Your Terms

    Module 4b – How to Accept an Offer to Form a Contract in Your Favor – Part 2

    Module 9 – How To Hold Your Position

    Module 3 – 10 Ways To Discharge Debt

    Perhaps you can go through the module list and see what headings would be applicable to your situation.

  • healthspiritwealth

    Member
    August 22, 2024 at 7:55 pm in reply to: INCOME TAX RETURNS

    Married men and women can file separately.

    Just make sure that the husband and wife don’t give conflicting information that can be cross referenced in their returns.

    If you have a registered trust and husband and wife are trustees. If one does a return then both have to do a return. If your trust is a registered entity, then you have to comply with legislation and file a return. You cannot opt out of doing a return.

    However, if you have a Solutions Empowerment Non-Registered trust, you do not have to comply with legislation. However, if one of the trustees does a return then both have to do a return.

  • healthspiritwealth

    Member
    August 9, 2024 at 8:46 pm in reply to: Tax training Module

    Hi Lawrence,

    You can increase your deductions from last year so you get more tax back. If you do it incrementally then you can fly under their radar.

    If you are aware of law of attraction. Then negative thoughts about the ATO watching you could attract the very thing that you don’t want. Food for thought.

    Marks processes work if you follow them as he has laid the path before you.

    cheers, Cherie