Jacob Fenech
π€ SpeakerAppearances Over Time
Podcast Appearances
She also got two extra jobs during COVID.
The first one is she worked on ABN.
So she applied for an ABN, which I know you can do through Edtax or the government website, as a night shift worker at Bunnings fulfilling orders.
So she was the one that was probably packing my orders when I was just binging on Bunnings orders during COVID.
So she invoiced for that because she was a subcontractor and she got the money paid to her account.
So she hasn't necessarily withheld her own tax.
She's just got the money and she thought, great, this is wonderful.
The second thing that she did was once the Bunnings work ended, she did some extra work on Airtasker.
She thought, well, hey, I was doing that extra work at Bunnings.
Why don't I keep doing that and see what I can do?
So just as a very high level, this is a very niche example, but I only bring it in because there are a lot of people kind of jumping between jobs this year.
How can she think about preparing her tax return for the current year?
So the year ending June 30th.
So if just one more thing I was asking, so if Stacey earned say, let's say she earned $50,000 just around figures, the GST, the way I understand GST is if you're a small business and you're going to turn over $75,000 or more.
So it's not based on what you've just earned, but what you're expected to earn.
So $75,000 or more, you have to register for GST.
But let's say she earns $50,000 from her hairdressing.
and she's expecting to earn $25,000 or $26,000 from her ABN.
Would she have to register for GST in that regard?
Or because is that separate from her PAYG?