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Jane Smith has always had a great love of flowers. After many years of working tirelessly for others, she started her own business. It will
Jane Smith has always had a great love of flowers. After many years of working tirelessly for others, she started her own business.
It will be called Jane's Own Flowers and will have a December 31 year end.
Her store opens for business on July 1, 2018 and, during the first 18 months of operations has the following quarterly revenues:
July To September, 2018 $6,000
October To December,2018 5,000
January To March, 2019 8,000
April To June, 2019 10,000
July To September, 2019 16,000
October To December, 2019 20,000
Total For 18 Months $65,000
Required:
- Advise Jane as to when she must start collecting GST.
- Also advise her by what date GST registration must be completed.
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