Worried you’re missing part of your refund? Remember, the low and middle income tax offset isn’t a refund on its own – it’s used to offset (or reduce) the amount of tax you pay. The offset amount you may be entitled to is automatically applied and could range between $255-$1080, depending on things like your taxable income and how much tax you’ve paid.
26 January 202012:24 PM - edited 26 January 202012:42 PM
i earn more than $75k in a PAYG full time job. I also have a business (sole trader)which will not earn more than $75k per tax year. Do i need to register for GST for the business, adding that income with my PAYG income? Or do i treat the business separately and not register for GST?