Originally Posted by
mudski
Yer no you don't mate.
I have considered selling off my stock and de registering and just keeping it under the 75k p/a. Only because I'm just over by about 10k and after all the hassles of paying an accountant, GST and everything else its not worth it, I actually pocket less now than before. So I am waiting until next year when my other business contract is over, in Feb, so I can shit that down for good, then I will either go gang busters and make this heaps bigger, so its worth the effort, or slow it down. I have a few local 4x4 suppliers who want me to sell their gear, which is good, I have a few others who buy in bulk from me, which is good, but right now I have no time and especially no room to store any more stuff.
So hopefully next year sometime I will have our house finished ready to sell then we can move to somewhere, to where i have room, or I go rent a factory. Which is expensive.
So put it this way. Only speaking from my experience. You either stay under the limit, or make it big and go way over the limit to make it worth the effort.