You must register for GST once your annual turnover reaches $75,000, or $150,000 for non-profits. Registration is required within 21 days of exceeding the threshold. Once registered, you must charge 10% GST, lodge BAS and remit GST to the Australian Taxation Office.
As your revenue approaches or exceeds $500,000, compliance alone is not enough. If you are making decisions based on your bank balance, it is time to engage a CFO or advisor. Ecommerce accountants can help interpret margins, acquisition costs and working capital pressures while implementing proactive tax planning and structure strategies to support sustainable growth and long-term wealth creation.
Our CFO advisory services provide quarterly strategy sessions focused on profitability, structure and long-term wealth creation.