The quick method has resulted in savings of $1,460 when compared to the general method. If the actual expenses that have GST are less than $50,000 then the savings will be even more.

Question: I currently calculate and submit my GST based on the Quick Method of GST accounting. Presently, I submit 2.6% of GSTable income on the first $30,000 and 3.6% on income over this ...