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Tax Resources

Taking the mystery out of tax for freelancers, contractors and the sole traders.

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...

Claiming vehicle expenses as a sole trader


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 tha...

The sole trader guide to ATO lodgements


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...

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...

Preparaing for 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...

The sole trader guide to ABNs


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...

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 guide to 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...

What are PAYG instalments?


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...

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...

Lodge your tax return before October 31st


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...

The sole trader guide to student loan repayments


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...

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...

Your tradie guide to tax deductions


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

What are PAYG instalments?


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...

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,...

Sole trader guide to paying taxes on your second job


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...