Nz invoice not gst registered

Joanne runs a home-based business selling bags she makes herself and Mike's just started his building business.

Joanne is GST registered, so collects GST on the sales of her bags, and claims it back on purchases like:

• materials and supplies for making her bags
• her new sewing machine.

She can also claim:

• taxi fares to business meetings
• a laptop she bought to manage her business finances
• the accounting software she uses
• food and drink bought when entertaining clients.

Mike's just started his building business. He's not sure if he'll earn more than $60,000 in his first year, but he's registering for GST straight away because he has big expenses — he'll claim GST back on:

• the ute he bought for work
• his work tools
• tools he bought for his apprentice
• the computer, printer and mobile phone he bought for business use only
• the GST portion of his work mobile phone bill
• his accountant's fees.