ok so i got my letter to update our income for our payments and i read though the little book thing and it says that your income you claim for centerlink my not be the same as wat the ATO let you claim.
I am self employed and i thought i did mine off profit or loss but in this book the way i read it i shold be puttin down my weekly earnings? is this right cause if it is then there is a huge dif.
I told cl at the start that i was self employed and they told me to put down wat i think then again i was told that it was profit and loss. y do other self employed people have to put a thing in fortnightly adn i dont. Am i doing something wrong.

my income is about 24k b4 all my deductions and all that comes out then goes down to between 12 and 16 after. i put down 16k for my estimate this yr. am i goign to get a big bill?