Tax Resources

As a sole trader, it can be tricky to figure out how much to set aside for your annual tax bill. Most income tax calculators are meant for p...

We all love talking about profit – who doesn’t enjoy seeing those numbers climb? But there’s another financial concept that’s equally, if no...

As a sole trader, you might use your car or other motor vehicle as part of your business. And who wouldn’t appreciate some tax relief on th...

You’re a one-person operation, an independent business owner, a sole trader if you will, and you’re wondering what the heck your obligations...

“I think I should pay more income tax,” said no sole trader ever. If you’re self-employed and/or running your own business, you know how ha...

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...

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...

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...

If you’ve ever, say, accidentally dislocated your shoulder while snowboarding, you’re probably familiar with (and grateful for) Medicare. Bu...

For many sole traders, the end of the financial year (EOFY) can be a stressful and confusing time. From calculating your taxes, to filling...

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...

If you’re a sole trader working in Australia, you’re likely to have heard of an Australian Business Number (ABN). In fact, you probably alre...

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...

Whether you work for an employer or for yourself as a sole trader, taxes are unfortunately a fact of life. As much as we would all like to f...

According to our latest research, Australian sole traders spend an average of 8 hours a week and $299 a month managing their tax and financi...

If you’re a sole trader, chances are you’ve received an unexpected tax bill at some point. Calculating your own taxes can be complicated, an...

In a perfect world, claiming tax deductions would be simple. But, we live in the real world, where the tax rules are (necessarily) complex....

Note: Temporary full expensing is no longer available for assets purchased after 30th June 2023. You may need to claim depreciation instead....

Done with DIYing your own taxes? Out of patience with your out-of-touch accountant? Welcome to the end of the financial year (EOFY) with Hnr...

The tax lodgement deadline – October 31st – is fast approaching. But who is it for? And what happens after you lodge? Well, if you’re a sol...

If you’re an Aussie with a degree, you’re probably familiar with Australia’s student loan system (HECS/HELP). Essentially, you borrow a smal...

As a sole trader, you’re constantly juggling numbers. Profit margins, expense reports, invoices – the list goes on! And the ATO has thrown a...

It’s pretty common knowledge that you can (legally!) lower your tax bill by claiming tax deductions for business expenses. But what does th...

If you’re a sole trader, chances are you’ve received an unexpected tax bill at some point. Calculating your own taxes can be complicated, an...

When starting out as a sole trader, there are a lot of things you need to be across: how to promote your business, how to price your service...

Getting a tax refund can sometimes feel like hitting the jackpot. A few hundred dollars hitting your bank account out of nowhere? Sweet! Bu...

Ever wondered why you’re paying different amounts of tax on income from your self-employed side gig and your main PAYG job? Or whether you’r...