Do I Need to Lodge a Tax Return if I Have an ABN? If you hold an ABN, lodging a tax return is not optional. Whether you earned income, spent money, or simply kept the ABN active during the year, the tax system expects a return to be lodged with a Business Schedule. This applies even if your ABN activity was small, irregular, or didn’t generate a profit. This is one of the most commo
Do I Need an ABN If I Also Have a Job? Having a regular job does not cancel out the need for an ABN. If you earn money under an ABN while also working as an employee, the tax system treats these as two separate income streams. They are reported differently during the year, but they come together at tax time. This is where many side-hustlers get caught out. Why Having a Job Doesn&rsqu
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
First-Year ABN Guide — Everything You Need To Know (Plain English, No Stress) If you’ve just received your ABN, take a breath. You’re not running a multinational, you’re not expected to know tax law, and you don’t need to panic about “business things”. You simply need to understand what having an ABN actually means, what you need to do, what you can cl
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