Hi all, I am just wondering whether it would be worthwhile running two businesses to avoid the whole GST thing, but I am not sure whether there would be any issues.
From what I understand, a business can earn $75000 gross income before having to register for GST.
Presumably if you ran 2 businesses you could earn $150 000
Of course there would be 2 accountants fees, and possibly 2 Public liability insurances to pay, but if that is the only expense, surely it would be much better than the whole GST hassle.
Appreciate any advice.
Mike