What's different for sole traders in Australia
No tax is withheld
Clients pay you in full, so you pay tax when you lodge, and the ATO may put you on quarterly PAYG instalments once you've lodged a return with business income. Set money aside from every invoice.
GST from $75,000
Once your GST turnover reaches $75,000 you must register, add 10% GST to your invoices and lodge activity statements.
Super is up to you
Employees get 12% super from their employer. Sole traders don't, but personal contributions can be tax-deductible up to the concessional cap.
Tip: the ATO and business.gov.au are the best free starting points for Australian rules.