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@shepherdsrule wrote:

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@crowsman53 wrote:

But You Must Have Receipts eBay Do Not Supply An ABN.

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dylan - the 75K is net profit - which is the amount you have earned after all costs are calculated and deducted.

 

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No, it isn't.. that is very misleading.

As I posted above:

Your annual turnover includes all ordinary income you earned in the ordinary course of business for the income year. Turnover means your gross income, not your net profit.

ATO