I am a employee of another business. But want to start my own business for a few days a week.
From what I understand business that earn under $75,000 per year don't need to pay GST.
My questions are
Am i correct in my understanding.
Is the $75,000 calculated on gross earnings by the business only? or will it include any earnings from my other employment.
I understand that i will need to pay tax on my gross total earnings