On 16/12/2008, at 13:41 , Langy wrote:
> > Thanks guys, this has been a great help. Best business forum ever! > > Will contact ATO and look for an accountant. I am hiring a bookkeeper > on a contractual basis in the new year which will free up a lot of my > time. So excited. > > I was wondering if it was possible to pay myself as a contractor? Can > I invoice my business for specific services I provide for the > company? The trouble with this idea, as I understand it, is the employee tests the ATO applies - if you're only contracting to a single entity (your business), the ATO will treat you as an employee and require that your business have done the same thing. Google for "ato contractor employee tests" turns up a bunch of pages about this, I don't have the specific ATO pages to hand but I'm sure they're there somewhere... KevinL > > > My business does pay for a majority of my expenses but at times, I > need access to cash. > > > --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "Silicon Beach Australia" group. To post to this group, send email to silicon-beach-australia@googlegroups.com To unsubscribe from this group, send email to silicon-beach-australia+unsubscr...@googlegroups.com For more options, visit this group at http://groups.google.com/group/silicon-beach-australia?hl=en -~----------~----~----~----~------~----~------~--~---
