Bob is a hobbyist photographer who has shot many weddings

Bob is a hobbyist photographer who has shot many weddings and engagement photos for friends and family over the years at no charge. He has been praised for his talents, but never seriously considered turning his passion into a business since he feels that wedding photography is extremely competitive.

After recently buying a new home, Bob got an idea to differentiate himself from other amateur photographers. Instead of photographing weddings, Bob will sell his services to real estate agents and provide photos, virtual tours, HD video walk-throughs, and other promotional materials to the agents for use in real estate listings. After doing some research, Bob is convinced there is a market for these services and he plans to officially launch his business on January 1, 20X1.

Most of Bob’s customers will be real estate agents who are GST registrants and entitled to recover GST on expenses via input tax credits (ITCs). However, Bob also anticipates that about 20% of his revenue will come from homeowners who are interested in selling their homes privately without the use of a real estate agent. These customers will be non-registrants and extremely price sensitive. To stay competitive, Bob will need to make any required GST inclusive in the pricing to these customers. For example, if Bob’s advertised price is $100 to a private homeowner, Bob will collect $100 plus zero GST if he is not a GST registrant or $95.24 plus $4.76 GST if he is a GST registrant.

Bob expects his revenue for the first year to be:

January–March, 20X1 ……………………….. $ 500
April–June, 20X1 ………………………………. 3,000
July–September, 20X1 ……………………… 6,000
October–December, 20X1 ……………… 12,000
Each subsequent quarter ………………. 15,000

To start his business, Bob will purchase new camera and video equipment for $13,000, as well as a new computer for $2,000 and a licence for photo-editing software for $400. He will need insurance coverage to operate and the annual premium is expected to be $2,800. Other operating expenses including office supplies will be approximately $1,500 for the year. These expenses are all exclusive of any applicable GST.


1. When is Bob required to register for GST? Is there any benefit to registering earlier?

2. Assuming Bob registers for GST effective January 1, 20X1, should he use the general method, quick method, or simplified ITC method to account for the GST? Calculate his net tax owing under each method and provide an overall recommendation. Be sure to highlight any additional filing requirements that result from your recommendation.

Assume the remittance rate is 3.6%.

Tired of numerous paper assignments?
Rely on us and receive professional paper writing assistance!
Professional paper Writing Assistance

Who We Are

We are a professional website for customized writing. If you searched a question and stumbled into our website, you are in the right place to receive assistance with your coursework.

Do you handle any type of coursework?

Yes. We have displayed prior orders to demonstrate our experience. We can answer this question for you as we have previously. Please fill out our Order Form so that we may ensure its flawlessness. Correctly completing the order form will help our staff with reference, requirements, and future communication.

Is it hard to Place an Order?

  1. Click on the “Order Now” tab at the top menu or “GET A FREE QUOTE” icon at the bottom and a new page will appear with an order form to be filled
  2. Fill in the initial requirements in the small order form located on the home page and press “continue” button to proceed to the main order form or press “order” button in the header menu. Starting from there let our system intuitively guide you through all steps of ordering process. Submit detailed paper instructions, upload necessary files if needed and provide your contact information – you are almost done!
  3. Proceed with the payment- click on “PROCEED TO CHECKOUT” at the bottom of the page. From there, the payment sections will show, follow the guided payment process and your order will be available for our writing team to work on it. All your payments are processed securely through PayPal. This enables us to guarantee a 100% security of your funds and process payments swiftly.
  4. Delivery- Once finished, your final paper will be available for download through your personal dashboard. You will also receive an email notification with a copy of your paper attached to it.