MWL FINANCIAL GROUP
SECTION – YOUNG ENTREPRENEURS
SUBJECT – GST Requirements
Hi I'm Matt Laming, Structures Advisor for Young Entrepreneurs and start ups at MWL Financial Group
Are you aware of your GST requirements? Is your business turnover above $75,000?
GST is a government based tax on goods and services of 10%. GST registration for businesses with annual turnovers under $75,000 are optional, however once your sales reach or predicted to reach $75,000 – registration is compulsory.
Registration should occur once business owners are aware that the turnover is likely to go over $75,000, therefore careful monitoring of business activity is important to remaining compliant.
For more information contact us at firstname.lastname@example.org and either me Matt Laming or one of our experts will be more than happy to help.