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Debbie R.

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Q: Hi we are a family of 3, Mum, Dad & Daughter. We are going to run a caravan park which pays $350pw retainer plus 30% of income. (Average annual income is only $110,000 so we will get about $33k pa plus retainer).
We know we have to set up an abn but how would we do that so it shows each of us earns a third to reduce the tax?
A: Thank you
question
Q: Hi we are a family of 3, Mum, Dad & Daughter. We are going to run a caravan park which pays $350pw retainer plus 30% of income. (Average annual income is only $110,000 so we will get about $33k pa plus retainer).
We know we have to set up an abn but how would we do that so it shows each of us earns a third to reduce the tax?