How Much Can I Charge For An Upfront Deposit On A Job Contract?
For businesses in the building & construction sector, upfront deposits can be up to 5% (including GST) when the project is $20,000 or more. GST raises another question however: Do I charge GST on a deposit? There are different factors to consider when answering this. Is this a none refundable deposit? If not, GST should …
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