Any dropsbipper from Australia

dropshipSailor

New Member
I am from Australia and I am planning to open a new AliDropship store soon. Can anyone please tell me what kind formalities I have to do to comply with all the tax and business regulations of the Australian government?

I have opened an ABN as sole trader. Is it the right approach? Is it the most suitable option with regards to tax and other payments? Is it possible to claim deduction for my expenses or pay myself for my work toward this business?

Thanks.
 
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