Getting A GST Number

As a homeworker, you may be wondering? Do I register a business name? Do I need a GST number? What can I write off? Is it worth it?

The answer really depends on your type of home-based occupation and your financial status. According to my tax accountant, you do not need to register a business name to run a business and to write off items related to your business. It's just a bit harder for you if the tax people come knocking on your door for an audit.

Many people run businesses for many different reasons. You may want to receive cash "under the table" so you don't have to go through the hassle of claiming a mountain of receipts. It's also great for cash flow. You may be starting a business because there is too much competition to get hired in the field of your choice or, the opposite, you don't want to work for anyone else but yourself. The last scenario may be out of desperation! You need money and you can't get a job anywhere! Whatever the reason, there are options.

Register a business only if you think you will need to write off certain items that pertain to your business. It just makes sense. You will save money and you will hopefully fare better during tax time. Next, you can register for a GST number if you need to buy things for your business that will cost a lot, ie; leasing a car, purchasing a computer, software, internet services, etcetera. You can also get a personal GST number, if you don't want to register a business name. If you are a freelance journalist, for example, you would call the government offices and ask for a personal GST number. It's so simple, it takes about 1 minute over the phone to do this. You can charge GST for you services and you can get the GST back on the high priced items you have purchased. For details, phone:

1-800-959-5525 to get your GST number and for more information!