Hey all, I’m just wondering how to go about paying taxes if I’m being paid as a consultant?
For some context as it’s a bit of a weird situation; I am assisting sales on a shopify store. The revenue made has deductions, such as shopify fees, stock feed, etc and I am paid the remainder.
It’s almost like I’m a sole trader but it isn’t my company, for now I am helping it run in the meantime.
All revenue is not received directly to me, it goes to the owner & each fortnight they remove deductions and pay forward the remainder to me. On the invoice / receipt I receive (that they generate for me each fortnight), it says “consultancy services” so I’m assuming this is correct.
I only receive roughy 1-1.3k per fortnight, so it’s not crazy big numbers but I’d like to figure out the tax stuff lol.
I’m just unsure how to go forward and I haven’t had much help asking those around me. Can someone please help me out? Thanks!