Tax time for a sole trader can be stressful, however with a little planning you don’t need to dread doing your tax return. Take Benzi for example. Benzi is a self-employed professional tiler whose total gross business income is $82,000 per annum. Benzi knows that he’ll have a tax bill at the end of the…
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Treasury bill lapses that would have forced sharing platforms to report transactions. Ride-sharing and short-stay rental apps have been given a reprieve from mandatory reporting requirements thanks to the election. The 21 May federal vote means a law, which would have required digital platforms to relay all transactions to the ATO, lapses and must start…
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If you’re a sole trader running your own small business in Australia, then you’re lucky enough to have the flexibility and freedom to do things your way. But unfortunately, at tax time, you have to fall in line like everybody else. Only you have the additional burden of a sole trader tax. If you’re not up to…
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