OK, now tell me how this is fair.
Businesses in Aus have to estimate their quarterly income and pay a type of provisional tax on the estimated income. Now, if you UNDER estimate by more than 10%...you are FINED!!!!!
So if you have been struggling and you suddenly have a bumper couple of months that you didn't expect....prepare to be FINED for working so hard or being so fortunate!!!!!
And here's another good one. If your bookmaker makes a mistake...ooooh, let's say a $7000.00 mistake.......you still have to pay the extra $7000.00, even when you don't HAVE it, because it's in the system now and anyway it's beholden upon you not to employ bookmakers who make mistakes!!!!!
>:-(
ggggggrrrrrrr
We are not having a good month.
How do other countries' small business tax laws stack up against Australia Fair's??????