Posted 10 February 2011 - 09:15 PM
Ok - I'm TOTALLY new at this and could really use some help!!! Hopefully these are very easy questions!
I did 2 hours' copywriting work this week for a large organisation, and they agreed to pay me an hourly rate. I am to invoice them for the work. (Their words: "You will need to send us a Tax Invoice ie GST and your ABN number")
I have an ABN (from many years ago which I haven't used yet but is still active).
So - What do I do now?
Do I just make up an invoice document with the total amount?
Or do I need to write something on the invoice to do with GST?
Would I just write the total amount and put "Including GST"?
(I really don't get the whole GST thing, although I know I don't need to 'register' for it unless I earn $75k - which I won't).
Presumably then I just include this amount as part of my income during tax time? Or do I need to do some sort of other tax documentation (BAS or something?)
Is there anything else I need to do? Or know?
I may do more of this kind of work so I want to make sure I understand what I need to do. I've been looking online but I confess a lot of the businessy stuff has gone over my head!
Any help greatly appreciated!