Finance

Have finance questions? Ask a financial expert online.

Ask an Expert,
Get an Answer ASAP!

My new business will start trading next month. I won't reach…

Customer Question
My new business will...

My new business will start trading next month

Accountant's Assistant: The Accountant will know how to help. Please tell me more, so we can help you best.

I won't reach get threshold this financial year but will next financial year when do I start collecting and register for gst

Accountant's Assistant: Is there anything else the Accountant should be aware of?

No it's a new business

Submitted: 27 days ago.Category: Finance
Show More
Show Less
Ask Your Own Finance Question
Answered in 8 hours by:
3/25/2018
Financial Professional: bkb1956, Finance Enthusiast replied 26 days ago
bkb1956
bkb1956, Finance Enthusiast
Category: Finance
Satisfied Customers: 5,770
Experience: IRS Enrolled Agent, 20+ years of experience in tax preparation with associated finance experience.
Verified

Welcome to Just Answer. My name is ***** ***** I will be happy to assist you.

You can register for GST at any time, but if you do not anticipate that you will reach the threshold of $75,000 (gross income less GST), in your first year, you can postpone registering.

Once you reach the threshold, you must register within 21 days of reaching it.

The following ATO link contains additional information you will find helpful:

https://www.ato.gov.au/Business/GST/Registering-for-GST/

Please feel free to ask any follow-up questions you may have.

Thank you and best regards,

Barb

Ask Your Own Finance Question
Was this answer helpful?
Ask bkb1956 Your Own Question
bkb1956
bkb1956
bkb1956, Finance Enthusiast
Category: Finance
Satisfied Customers: 5,770
5,770 Satisfied Customers
Experience: IRS Enrolled Agent, 20+ years of experience in tax preparation with associated finance experience.

bkb1956 is online now

A new question is answered every 9 seconds

How JustAnswer works:

  • Ask an ExpertExperts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional AnswerVia email, text message, or notification as you wait on our site. Ask follow up questions if you need to.
  • 100% Satisfaction GuaranteeRate the answer you receive.

JustAnswer in the News:

Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... Justanswer.com.
JustAnswer.com...has seen a spike since October in legal questions from readers about layoffs, unemployment and severance.
Web sites like justanswer.com/legal
...leave nothing to chance.
Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.
Tory Johnson, GMA Workplace Contributor, discusses work-from-home jobs, such as JustAnswer in which verified Experts answer people’s questions.
I will tell you that...the things you have to go through to be an Expert are quite rigorous.

What Customers are Saying:

I really was impressed with the prompt response. Your expert was not only a tax expert, but a people expert!!! Her genuine and caring attitude came across in her response...

T.G.WMatteson, IL

I WON!!! I just wanted you to know that your original answer gave me the courage and confidence to go into yesterday's audit ready to fight.

BonnieChesnee, SC

Great service. Answered my complex tax question in detail and provided a lot of additional useful information for my specific situation.

JohnMinneapolis, MN

Excellent information, very quick reply. The experts really take the time to address your questions, it is well worth the fee, for the peace of mind they can provide you with.

OrvilleHesperia, California

Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help.

Mary C.Freshfield, Liverpool, UK

This expert is wonderful. They truly know what they are talking about, and they actually care about you. They really helped put my nerves at ease. Thank you so much!!!!

AlexLos Angeles, CA

Thank you for all your help. It is nice to know that this service is here for people like myself, who need answers fast and are not sure who to consult.

GPHesperia, CA

< Previous | Next >

Meet the Experts:

Rakhi Vasavada

Rakhi Vasavada

Financial and Legal Consultant

2,608 satisfied customers

Graduated in law with Emphasis on Finance and have have been working in financial sector for over 12 Years

Megan C

Megan C

Certified Public Accountant (CPA)

2,218 satisfied customers

Licensed CPA, CFE, CMA, CGMA who teaches accounting courses at Master's Level

Manal Elkhoshkhany

Manal Elkhoshkhany

Tutor

1,920 satisfied customers

More than 5000 online tutoring sessions.

JKCPA

JKCPA

CPA

844 satisfied customers

Bachelors degree and CPA with Accounting experience.

Eric

Eric

Financial Manager

559 satisfied customers

Loan servicing, counseling and real estate expert. Foreclosure Expert and Financial Planner.

R. Klein, EA

R. Klein, EA

Accountant

480 satisfied customers

TurboTax Expert. QuickBooks Certified Pro Advisor

Dimitry K., Esq.

Dimitry K., Esq.

Attorney

332 satisfied customers

NASD Licensed Rep, 1997-2001, Business Attorney

< Previous | Next >

Related Finance Questions
I'm posting this pretty new to this service, I am wondering
I'm posting this pretty new to this service, I am wondering if there is an expert out there that has experience with global finance. I have a few questions to ask.… read more
Manal Elkhoshkhany
Manal Elkhoshkhany
Tutor
1,920 satisfied customers
My company is being audited for 2016, we owe over 250K. are
my company is being audited for 2016, we owe over 250K. are there any rules regarding how frequently the irs can audit, such as i heard they have 3 years to audit a return, or is there a grace period … read more
Mark Anderson
Mark Anderson
Attorney
Doctoral Degree
10 satisfied customers
I just received a rejection from the IRS for my e-file. It
Hello Sir,I just received a rejection from the IRS for my e-file. It requires a Form 8862 from a previous EIC denial. The denial was about 14 yrs ago, for false filing of Child dependent EIC. I had to… read more
bkb1956
bkb1956
Finance Enthusiast
5,770 satisfied customers
My grown son is doing some house construction/contracting on
My grown son is doing some house construction/contracting on a house my husband and I own, he is not a general contractor but he is very good at remodeling and rebuilding infrastructure. He is doing a… read more
Bryan Mullis
Bryan Mullis
Managing Partner
Masters of Accountancy
7 satisfied customers
I was not able to file my taxes yesterday on April 17. I'm
I was not able to file my taxes yesterday on April 17.I'm hoping to do it certainly this weekend and submit it before April 20.Will there be a penality assessed by the IRS? I'm in the state of Califor… read more
Chad EA, CFP ®
Chad EA, CFP ®
IRS Enrolled Agent, CFP(R),
Master\u0027s Degree
2,048 satisfied customers
My husband filed our taxes about 2 weeks ago and we usually
My husband filed our taxes about 2 weeks ago and we usually invest $5,000.00 in an IRA but held off this year as we weren't sure what my daughters college tuition would be. It wasn't as much as we tho… read more
Chad EA, CFP ®
Chad EA, CFP ®
IRS Enrolled Agent, CFP(R),
Master\u0027s Degree
2,048 satisfied customers
If you receive a 1099C from an old credit card debt and pay
If you receive a 1099C from an old credit card debt and pay tax to the IRS on it as income, can debt collectors still collect on it as well?… read more
Chad EA, CFP ®
Chad EA, CFP ®
IRS Enrolled Agent, CFP(R),
Master\u0027s Degree
2,048 satisfied customers
Do you know about CO PERA? I do not have any income for last
Hello, do you know about CO PERA? I do not have any income for last year. However I collected a fund from Colorado PERA last year. If I donor have income, what does that mean? … read more
Marcia Mitrano
Marcia Mitrano
MBA
61 satisfied customers
I have medicaid in nj and do far have taken $9900 from my
I have medicaid in nj and do far have taken $9900 from my ira for the 2018. Now I am considering social security which will be $1545 to $1645 a month. When I started with medicaid in 2014 I was told I… read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
My father gifted his his home to my sister and I. My sister
My father gifted his his home to my sister and I. My sister kept the home and paid me 1/2 of its value for it. What is my tax obligation? … read more
Chad EA, CFP ®
Chad EA, CFP ®
IRS Enrolled Agent, CFP(R),
Master\u0027s Degree
2,048 satisfied customers
My daughter was in college for 5 months in 2017 but had to
my daughter was in college for 5 months in 2017 but had to medically withdraw from school. Can i still claim head of household on my taxes? … read more
ABC Accounting Group
ABC Accounting Group
Bachelor\u0027s Degree
824 satisfied customers
How much money should you put away monthly to have a healthy
how much money should you put away monthly to have a healthy retirement savings? Note I am 42 years old right now.… read more
Chad EA, CFP ®
Chad EA, CFP ®
IRS Enrolled Agent, CFP(R),
Master\u0027s Degree
2,048 satisfied customers
Does this cost any money. I received a large estate
I received a large estate settlement last year and I was told that I shouldn't have to pay any taxes on it. Now the family's CPA is asking me for my social security number and I am worried about giving it out. Me and my husband have already filed our taxes. I have not connected with the family CPA to hear the reason why he wants my social security number. Thanks … read more
bkb1956
bkb1956
Finance Enthusiast
5,770 satisfied customers
I have a two-family house that I live in and rent the other
I have a two-family house that I live in and rent the other unit. I have entered the property under the rental properties section in turbo tax and entered my mortgage interest and my property tax ther… read more
bkb1956
bkb1956
Finance Enthusiast
5,770 satisfied customers
In 2017 I built a 2nd home that I will be renting out 12
in 2017 I built a 2nd home that I will be renting out 12 weeks a year(vacation short term rental). I also have another townhome that I rent. i think we would be considered a sole proprietorship becaus… read more
Dr. Fiona Chen
Dr. Fiona Chen
President
Ph.D.
916 satisfied customers
School Loans: I did not finish my graduate program and
School Loans: I did not finish my graduate program and incurred over $100,000 in debt. I want to defer it as I am going back to school but they want to put me in default… read more
Phillips Esq.
Phillips Esq.
Attorney
JD
19,217 satisfied customers
Should I file a 1040 extension if I need more time for form
Should I file a 1040 extension if I need more time for form 8854, even though i do not need to file 1040 for that year? I would then file the 8854 alone, without 1040, by extension deadline? Extension… read more
NPVAdvisor
NPVAdvisor
CFP Licensee and Practitioner
Master's Degree
180 satisfied customers
I am not sure if a partner paid any expense for the company
I am not sure if a partner paid any expense for the company as his initial investment such as salaries to staff how to record it, you help me ? … read more
ABC Accounting Group
ABC Accounting Group
Bachelor\u0027s Degree
824 satisfied customers
Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

Show MoreShow Less

Ask Your Question

x