Australian Self-Employed Tax Calculator
Most sole traders find it hard to work out exactly how much tax they’ll need to pay. Most tax calculators are set up for permanent employees...
The sole trader's guide to tax deductions
“I think I should pay more taxes,” said no sole trader ever. If you’re self-employed and/or running your own business, you know how hard it...
What is GST, and how does it work?
The Goods and Services Tax (GST) is a consumption tax that’s charged on most goods and services in Australia. It’s called a consumption tax...
How to register as an ABN Sole Trader
Setting yourself up as a sole trader is not a complex task and usually doesn’t cost you anything - unless you use a third party. The first s...
[Infographic] Expenses tradies should be claiming
Here is a list of common expenses tradies can raise as part of their day-to-day business activity. While this list doesn’t have everything y...
Medicare guide for sole traders
If you’ve ever, say, accidentally dislocated your shoulder while snowboarding, you’re probably familiar with (and grateful for) Medicare. Bu...
Navigating the End of the Financial Year
For many sole traders, the end of the financial year (EOFY) can be a stressful and confusing time. From calculating your taxes, to filling...
[Quiz] Should you register as a company or a sole trader?
Many sole traders think that they have to register a Pty Limited company in order to trade. This is a common misconception. In fact, there...
Sole trader's guide to depreciation
Note: From 1st July 2020 to the 30th of June 2023, the ATO allowed businesses to claim the full cost of an asset in the year it was purchase...
Tax rates for sole traders
Whether you work for an employer or work for yourself as a contractor, freelancer, or self-employed tradie, taxes are unfortunately a fact o...
Sole trader tax tips for the new financial year
According to our latest research, Australian sole traders spend an average of 7 hours a week and $400 a month managing their tax and financi...
The NDIS support worker's guide to tax deductions
In a perfect world, claiming tax deductions would be simple, straightforward, and intuitive. Unfortunately, we live in the real world, where...
Temporary Full Expensing guide for sole traders
Let’s get straight to it; traditional depreciation of assets is a complicated process. There are tables and schedules involved, with every a...
The sole trader’s guide to tax file numbers
As a sole trader, you’re constantly juggling numbers. Profit margins, expense reports, invoices – the list goes on! And the ATO has thrown a...
What is a BAS - and how do sole traders lodge it?
When starting out as a sole trader there are a lot of things you need to consider: how to promote your business, how to price your services,...