Setting up as a sole trader
Feb 23rd 2004, 5:29 am
#1
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Joined: Feb 2003
Location: Brisvegas
Posts: 3,506
Setting up as a sole trader
My wife has just got a job for a private individual on a casual basis and wants to make sure everything is legit. I presume she needs to set up as a sole trader, get a TFN and and ABN. I am scouting around the ATO website but would appreciate any info from someone with experience of doing this.
Feb 23rd 2004, 7:12 am
#2
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Re: Setting up as a sole trader
Originally posted by jayr
My wife has just got a job for a private individual on a casual basis and wants to make sure everything is legit. I presume she needs to set up as a sole trader, get a TFN and and ABN. I am scouting around the ATO website but would appreciate any info from someone with experience of doing this.
My wife has just got a job for a private individual on a casual basis and wants to make sure everything is legit. I presume she needs to set up as a sole trader, get a TFN and and ABN. I am scouting around the ATO website but would appreciate any info from someone with experience of doing this.
This also allows TFN application.
Feb 23rd 2004, 7:13 am
#3
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Joined: Nov 2003
Location: Rodd Point, Sydney
Posts: 132
Hi!
Has she considered working through a management company? They sort out all your tax etc for her and they take say 2% of her income. That's what I'm gonna do. Saves the hassle of all that paperwork.
I'm classed as a contractor and am effectively employed by a management company, but work through an agency who have placed me at a major plc. I reckon your wife could do the same.
Piers
Has she considered working through a management company? They sort out all your tax etc for her and they take say 2% of her income. That's what I'm gonna do. Saves the hassle of all that paperwork.
I'm classed as a contractor and am effectively employed by a management company, but work through an agency who have placed me at a major plc. I reckon your wife could do the same.
Piers
Feb 23rd 2004, 7:17 am
#4
Joined: Aug 2003
Posts: 11,149
Originally posted by piers_morgan
Hi!
Has she considered working through a management company? They sort out all your tax etc for her and they take say 2% of her income. That's what I'm gonna do. Saves the hassle of all that paperwork.
I'm classed as a contractor and am effectively employed by a management company, but work through an agency who have placed me at a major plc. I reckon your wife could do the same.
Piers
Hi!
Has she considered working through a management company? They sort out all your tax etc for her and they take say 2% of her income. That's what I'm gonna do. Saves the hassle of all that paperwork.
I'm classed as a contractor and am effectively employed by a management company, but work through an agency who have placed me at a major plc. I reckon your wife could do the same.
Piers
Feb 23rd 2004, 9:19 am
#5
Banned
Joined: Mar 2003
Posts: 4,432
Re: Setting up as a sole trader
Originally posted by jayr
My wife has just got a job for a private individual on a casual basis and wants to make sure everything is legit. I presume she needs to set up as a sole trader, get a TFN and and ABN. I am scouting around the ATO website but would appreciate any info from someone with experience of doing this.
My wife has just got a job for a private individual on a casual basis and wants to make sure everything is legit. I presume she needs to set up as a sole trader, get a TFN and and ABN. I am scouting around the ATO website but would appreciate any info from someone with experience of doing this.
Feb 23rd 2004, 5:20 pm
#6
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Joined: Feb 2004
Location: Queensland
Posts: 32
Management Company
Piers, re your comment on management company, have you a website for yours that you can recc?
Feb 23rd 2004, 6:50 pm
#7
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Joined: May 2003
Location: Alloha snack bar
Posts: 24,246
Re: Management Company
Originally posted by brisbane bronco
Piers, re your comment on management company, have you a website for yours that you can recc?
Piers, re your comment on management company, have you a website for yours that you can recc?
Feb 23rd 2004, 6:54 pm
#8
Forum Regular
Joined: Oct 2003
Location: Perth at last!!
Posts: 97
hi all,
Whats an ABN ive seen it in job ads, will my hubbie need one if he goes self employed???
Cheers
Angie
Whats an ABN ive seen it in job ads, will my hubbie need one if he goes self employed???
Cheers
Angie
Feb 23rd 2004, 9:33 pm
#9
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Joined: Feb 2004
Location: Queensland
Posts: 32
ABN
Angie
it means Australian Business Number
look at www.abn.business.gov.au for more info which may help
it means Australian Business Number
look at www.abn.business.gov.au for more info which may help
Feb 23rd 2004, 10:05 pm
#10
Guest
Posts: n/a
Originally posted by brummie bird
hi all,
Whats an ABN ive seen it in job ads, will my hubbie need one if he goes self employed???
Cheers
Angie
hi all,
Whats an ABN ive seen it in job ads, will my hubbie need one if he goes self employed???
Cheers
Angie
This management company thing sounds interesting, at 2% a time, maybe I'll set one up and you can all work through me
Feb 24th 2004, 5:49 am
#11
Forum Regular
Joined: Nov 2003
Location: Rodd Point, Sydney
Posts: 132
Hi,
For those interested in this management company, send me a PM and I'll pass on the details. Haven't actually received their ins and outs in the post, so don't want to get your hopes up until I see it all in writing. Should be with me tomorrow hopefully. Sent by fastpost apparently...
Piers
For those interested in this management company, send me a PM and I'll pass on the details. Haven't actually received their ins and outs in the post, so don't want to get your hopes up until I see it all in writing. Should be with me tomorrow hopefully. Sent by fastpost apparently...
Piers
