re GST : he should start putting away 1/11 of his gross receipts to cover the anticipated BAS bill. I have clients who have a separate bank account that they put the GST aside into so there's no silly shot uses come BAS time!
Not feeling the love after this conversation with DD this morning...
C - *grabs my face* Your face is so.... so....
Me - Beautiful? Amazing? Gorgeous?
C - Hmmmm no, chubby.
Me - Oh.
C - And you've got lots of freckles on your face and neck.
Me - I like my freckles.
C - Yes, but you've got a big one that sticks out on your forehead.
Feeling ho hum...tomorrow I am 39. My 30's draw to an end.
LOL yes true!! DP is making me dinner
One week smoke free, the longest I've made it since I slipped back up post birth
Still hard but staying strong
well don't worry about income tax bill just yet, you've got til May next year to pay that. get the accountant to draft it so you know how much tax you're up for then start setting money aside to cover it in May. actually it needs to be lodged by May, you actually have til first week of June to pay.
with the bas...does he have a lot of expenses on which there was GST paid this quarter? the GST on his sales is only half the equation...don't forget the GST he's paid on any business expenses in the quarter offset the GST on sales. in fact, if his expenses outweigh the sales, he may even be due a GST refund?
Little Miss Sunshine (14-06-2016)
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