- Mark as New
- Bookmark
- Subscribe
- Mute
- Subscribe to RSS Feed
- Highlight
- Report Inappropriate Content
on 24-05-2015 10:21 AM
Yeah dunno why we have never seen this message before.
That's what prompted me to open the post in the first place. Just curious if others had received it too.
We've been over the reporting threshold pretty much since we started trading on here 3-years ago. Since we operate more than one selling ID.
We've always reported all our sales at the strong advice of our tax accountant so we have nothing to fear at all. He is able to make sure legally that we dont cross any tax thresholds and CentreLink are happy too. We still show a profit but just not taxable.
So I just don't understand why people fail to report the income as they will catch up with you sooner or later as your story above conveys. As computer technology and inter-departmental data sharing improves it will become easier for them to cross-match.