Folding Towels - A Podcast for Massage Therapists with Jackie and David Episode 108: Hitting the GST Threshold: Fear, Facts, and Freedom
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Sep 16, 2025 Feel overwhelmed by GST? Fear not! The hosts break down the basics of GST in Australia, including its purpose and how it affects massage therapists. Discover the $75k turnover threshold and why crossing it is a reason to celebrate, not fear. They tackle common myths, share personal stories of first-time BAS panic, and explore the mindset shifts needed for those considering registration. Plus, get practical tips on handling input tax credits and choosing the right financial help. Tune in for clarity and confidence in your business!
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GST Is Australia-Specific Here
- GST in this episode refers specifically to Australia's 10% goods and services tax and its local rules.
- International listeners should treat examples as Australia-specific but can still learn general principles.
Less Than Half Of Consumption Attracts GST
- Only about 47% of Australian consumption actually attracts GST, so many purchases are GST-free.
- Essential items and many services are deliberately exempt from GST for policy reasons.
Register Based On Turnover, Not Profit
- Remember the GST registration threshold is based on business turnover, not profit or salary.
- The current threshold is $75,000 per year and you must register once you exceed it.