on 28-06-2016 08:22 PM
Does the total sales mean just my sales or does it include postage paid by customers?
Thank you for any help clarifying this 🙂
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on 28-06-2016 09:55 PM
on 28-06-2016 09:54 PM
For tax purposes it is total income. Before postage, purchase costs, eBay or Paypal fees.
if you need to rely on eBay to do your accounts, I have no idea. And would not rely on them.
on 28-06-2016 09:55 PM
28-06-2016 09:59 PM - edited 28-06-2016 10:00 PM
on 28-06-2016 10:01 PM
Unless it is 'free'. which is postage included.
i have an account skirting very close to powerseller simply because I used to include postage in the price. I expect, as those listings fall off and get listed on my store account, that I will fall further away from that milestone as time goes by. Which has no effect on my income or liability for tax. Regardless of mandatory eBay reporting to the ATO.