Question
henry seeks your advice on GST matters relating to his legal business and provides the information below concerning how he expects his business to operate:
henry seeks your advice on GST matters relating to his legal business and provides the information below concerning how he expects his business to operate: in regards to australian laws
(a) He will work as a sole trader and expects his fees from advice to clients to be at least $200,000 for the first year.
(b) He will operate his business from rented commercial premises and expects the rent to be about $800 per week. The landlord is registered for GST.
(c) He will purchase various items for use in his business, such as computers,
computer software and desks and expects this initially to cost about $10,000.
(d) He will have ongoing expenses, such as telephone, internet access, electricity, personal liability insurance and income protection insurance. He cant say what the exact amount of these expenses will be.
(e) He will need to attend a legal conference each year in Australia and undertake continuing professional education courses to keep his skills up to date.
f) He expects to spend about$ 400 a week taking clients to lunch tp promotr his business
g) His spouse will be employed to carry out the administrative tasks for the business and will be paid $ 800 a week
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