What to Do After Getting an ABN Getting an ABN is easy. Knowing what to do next is where most people slip up. Once your ABN is active, the tax system treats you as running a business — even if it’s just a side hustle or occasional work. That means a few responsibilities apply straight away, whether you’re aware of them or not. The key is understanding the correct order o
Do I Need to Lodge a Tax Return if I Have an ABN? Yes — if you earned money, spent money, or want to record a business loss, you must lodge a tax return with a Business Schedule. Even if you earned nothing, lodging keeps your records clean. If you hold an ABN and earned income, you absolutely need to lodge a tax return. The ATO doesn’t treat ABN holders like employees — no
H1: Do I Need GST for My New ABN? Most new ABN holders don’t need GST unless they expect to earn over $75,000 in the financial year. Rideshare drivers are the exception — they need GST from day one. GST is the one topic that spooks new ABN holders for no reason. The truth? You only register if you expect your ABN income to hit $75,000 or more this year. If you’re under that
Can I Claim Business Expenses Without a Registered ABN? Gotax Publishing – 21 November 2025 Estimated reading time: 6 minutes Running a Business Without an ABN? Here’s What You Can (and Can’t) Claim If you’ve earned income from a side hustle, freelance gig, or informal business activity, you might be wondering: Can I still claim business expenses on my tax return
Sole Trader vs Company vs Trust vs Partnership: What’s the Difference? Gotax Publishing – 18 November2025 Estimated reading time: 7 minutes Choosing a Business Structure? Here’s What You Need to Know Starting a business in Australia? One of your first—and most important—decisions is choosing the right structure. Should you register as a sole trader, compa
Gotax Trust Tax Returns: Fast, Compliant, and Built for Trustees Gotax Publishing – 28 October 2025 Estimated reading time: 6 minutes Managing a Trust? Your Tax Obligations Just Got Easier If you’re a trustee of a discretionary, fixed, or family trust, you know that tax time isn’t just about ticking boxes—it’s about protecting beneficiaries, staying complian
Lost Super — How to Reclaim What’s Rightfully Yours Updated: 09/11/25 • Reviewed by: GoTax Registered Tax Agent Straight to the Point There’s a mountain of lost super floating around in Australia — over $18.9 billion across 7.3 million accounts. That’s not spare change. Most of it belongs to everyday Aussies who’ve changed jobs, moved house, or sim
Gotax Company Tax Returns: Fast, Compliant, and Built for Business Gotax Publishing – 31October 2025 Estimated reading time: 6 minutes Running a Company? Your Tax Return Just Got Easier If you operate a company in Australia—whether it’s a small consultancy, a growing e-commerce brand, or a family-run enterprise—you know tax time isn’t just about ticking boxe
How Partnership Income Affects Your Personal Tax Return—What You Need to Know Gotax Publishing – 8 October 2025 Your Partnership Income Isn’t Just Shared—It’s Taxed Running a business in partnership means sharing the profits. But when it comes to tax time, that income doesn’t just sit in the partnership—it flows straight into your personal tax ret
Can I Claim Travel, Meals, and Accommodation on My Tax Return in 2025? Gotax Publishing – 27 October 2025 Estimated reading time: 6 minutes Travel for Work? Know What You Can (and Can’t) Claim If you’ve travelled for work in the past year—whether it’s a conference, client visit, or overnight shift—you might be wondering: Can I claim those travel costs