Angie Neal talks about how she recovered from her virtual assistant hacking her website through to building a successful business with a team of 7 Virtual Assistants and her.
This is a raw and real, unedited warts and all account of the challenges and triumphs growing a seven figure business with a team of remote staff in the Philippines.
There is no better time to tap into the incredible pool of talent overseas to help you grow your business, delegate out admin, marketing, design, social media and a whole lot more, incredibly affordable.
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That was a tremendous lesson. So many good honest tips learned the hard way. Would’ve liked to learn more about managing VA income tax and keeping records for the Australian Taxation Office etc
Depends what arrangements you have with your VA’s. There are agencies in Australia that are registered for GST and bill in AUD, but the staff are overseas. With the standard disclaimer that i am not an accountant or giving tax advice, you are able to process the expense in your BAS as you would any other GST registered business. You can claim the expense and GST on your BAS statement and end of year return.
My VA’s are hired directly and I have used overseas agencies. In these cases there is no GST charged, so it can’t be claimed. This may change as the rules around GST collection change, but that is the case at the moment.
You also do not have to pay PAYG or Super for offshore team members, nor do you need to in their country of residence. They are generally responsible for their tax arrangements as they are a contractor, rather than an employee. The situation would be different if you has an office based in their country.
You can however claim, the payments you make to them as an expense in your Australian tax returns.
Of course, it goes without saying but I’ll say it anyway, your accountant would be the person to talk to about your specific circumstances and what you can or cannot claim.