Hi all! We're planning to open a business (service centre). Since it's almost the end of tax year, is it wise to just wait till, say 1st of April to register or start trading? Unfortunately my accountant is on leave at the moment so I can't ask her. Maybe you guys can help us.
If you want to get cracking then the answer is no. If you dont plan to open for trading for a month your tax return will be very very simple, and you could do this one yourself, rather than relying on your accountant who probably charges 1-2K for a return. If you are ready to get going, there is no time like the present!
If you buy stuff now you will be able to get a gst refund, and I assme have minimal sales till the next period. The refund may be helpful now. but you will be paying back next period when youre profitable.