tag:blogger.com,1999:blog-6581408263074180042.post4513042045420972444..comments2023-10-31T09:14:47.943-07:00Comments on Introspection on Business, Books, Academics, Manufacturing, Learning, Experience, Life: SMEs need an “Operating System”Unknownnoreply@blogger.comBlogger1125tag:blogger.com,1999:blog-6581408263074180042.post-26498571785937740682014-02-13T09:21:22.064-08:002014-02-13T09:21:22.064-08:00We have just started an online Business. Fair Trad...We have just started an online Business. Fair Trading have advised that we do not have to have a business name, but I would like to know the following, please, if someone could assist:<br /><br />1. If the business runs at a loss in the first year, can this loss be deducted from the individual income tax return if we DO NOT have a business name or ABN.<br /><br />2. Do we need to have an ABN to operate an online business?<br /><br />3. What is the minimum amount that the business needs to make before paying GST?<br /><br />4. If we buy items such as a server or samples, can we deduct these costs from personal income tax, as business expenses?<br /><br />5. Is it better to have a business name for tax purposes?<br /><br />Thanks a lot!<br /><a href="http://www.businessregistration.com.sg/" rel="nofollow">business registration</a>Anonymoushttps://www.blogger.com/profile/01371466970267682525noreply@blogger.com