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Midge

Another tax question

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Alright folks. If i do a job, say at $400, but get another lad into help me and pay them 100 do I pay tax on the full $400 or just on the remaining $300?

 

Cheers.

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You need an invoice from whoever you pay then put it against tax like any other cost.

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23 hours ago, Matthew Storrs said:

Just the 300. The 100 you paid the lad you can claim as an expense. You only pay tax on profit.

 

Edited by Con

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23 hours ago, Midge said:

Alright folks. If i do a job, say at $400, but get another lad into help me and pay them 100 do I pay tax on the full $400 or just on the remaining $300?

 

Cheers.

He needs to invoice you.  Then it's up to him whether he pays the tax 

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