Why does the GST threshold matter? The GST threshold can limit sole traders from earning to their potential. Here’s why. Read More Never think about tax again® New Zealand’s largest accounting service. Get Started with Hnry Today
A sole trader keeps all of the company’s profits after tax has been paid on them, rather than having to share profits with a partner. They also accept sole liability for paying tax on their profits. If a sole trader in Australia earns above $75,000, they must register for GST. A so...