Closed your store?

[kustomizer99]

I've certainly closed mine 🙂

Who else has had enough? :-x

[jillywinkle]

thanks koala and kustom...

-x

[jillywinkle]

encore.....

:-x

[suitcase_of_memories]

SHC I had another word to Centrelink the other day just to be sure about things as I am also a carer [for my mum who is blind].

You & I are probably selling from different points of view, I am selling personal & family belongings from 3 generations of our family.  Your items are new & therefore purchased for resale.  CL consider that 'earnings'.

If this is correct, in centrelinks eyes, you are actually 'running a business', & will need to keep records of all business overheads, profits, postage, pertrol, ebay/paypal fees etc.  I only have to let them know what monies I have in my account & when that reaches a certain [quite high] limit, or starts creating too much bank interest, is it is then going to affect my payment.

I will most likely still have to pay PERSONAL TAX on the money I recieve [which I'd already paid tax on to purchase MY belongings years ago....so they get you twice].   I have yet to cross reference with Centrecare for clarification on this point - you can request assistance on taxation matters at Centrecare.

For me this is not a business, it is a necessity [sadly] & CL don't deem this as earnings per say, but the taxation dept probably views it differently.

LOL you'd think we were on the same level on Gina Rhinehart some days wouldn't you.

[phorum_junkie*]

murray_collector once your turnover reaches $20,000 ebay will pass your details on to the ATO & Centrelink. The level was lowered a couple of years ago and who knows what it will be next year.

[b3llag1na]

Just a reminder to any who are closing their stores - please be sure to unsubscribe from Selling Manager Pro as well - it comes as an automatic freebie with your store, but is a seperate thing and doesn't end automatically when you close it.

[phorum_junkie*]

I close my store every April and it always asks if i want to cancel my SMP subscription.

[jillywinkle]

yep, closed my store as stated earlier..moved stock elsewhere & working on a website. And will do the odd market now and again to clear my stuff. Decided to do the odd auction here only and see how it goes. Have a great weekend everyone...Jilly

B-)