GST seems to confuse some business owners but is quite straightforward. If your turnover hits $75k (without GST), you need to register. From
then on 1/11th of all sales you make are to be paid to the ATO less 1/11th of all payments you make to GST registered suppliers. You will
have to pay this balance to the ATO on a monthly or quarterly basis. It’s really important to put money aside to cover this debt. Sometimes
it makes it easier to think of the money as never yours. You are just a worker bee for the ATO collecting their honey. It’s also important
that you keep good records of your purchases. Here at JOG, we like to automate this process but so long as you keep the receipts, you are
golden. Not everything has GST added and not every supplier is registered for GST. Therefore, you must make sure you only claim the GST that
is stated on the supplier tax invoice. You really don’t want to fail a GST audit. Alternatively, if it all sounds too hard, give JOG
Consulting a call and we can set you right. Relax, we’ve got this!