Hi there,
I work in the arts industry as a technician. I am self employed and subcontract to different musical acts. I invoice for my services and am paid super. I am only recently registered for GST.
As part of my work sometimes I pay for things myself and am reimbursed. These things might included taxi fares to the airport, or consumables and parts such as tape and batteries.
If I am unable to get these receipts reimbursed in person for cash, I add them to my invoice.
My question is, how do I treat these items on my invoice at tax time? Are they considered income and the receipts now deductions?
Do I add GST to these receipt amounts now that I am registered?
Is there a smarter way to claim these receipts, so a distinction can be made between taxable income and simple reimbursements?
Thanks
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