QUOTE (Purelle @ 25/01/2013, 10:46 PM)
As long as you make under $50,000 you don't pay tax, and just check with centre link re your payments. Mine were mostly friends and family so some weeks I'd do well, others, not so good. Up to you how far you want to take it, but it's good money for jam
Besides I'm one of those weirdos that love ironing
This is totally unbelievably wrong.
Why do you think you don't pay tax if you earn under $50K? The tax thresholds apply to all income whether it is from salary and wages or business income - there are no separate tax thresholds for business income. Why should a teenager working at Maccas for $20K a year be taxed but not someone running their own business earning $50K?
Could you be thinking about GST instead? The threshold for registering for GST was $50K - a long time ago. It is now $75K.
Income tax and GST are separate though, you still need to declare business income earned in your tax return, which you will be taxed on (depending of course whether you exceed the tax free threshold).