Like it or loathe it, tax, specifically goods and services tax, is something that should be understood as a NMR - Nano and Micro Retailer.

Understanding goods and services tax allows you to price your products in a way that allows you to charge the customer the tax and you as a business owner can also benefit by claiming back the tax portion of purchases you make.

This Nanocast™ gives general information about tax. To get more information, speak to your accountant who is better positioned to give information specific to your situation.

Terminology

NMR = Nano and Micro Retailer - listen to this podcast to find out more about NMRs.

Merchandise Planner - Listen here to find out what merchandise planning is.