I have recently become a sole trader: sub-contractor - painter, although my contractor pays my super. My income is different every week, how much do I know the tax payable to put away and when do I pay the tax - annually?
Hi @CuriousM
Sure, we can help with that.
It does depend on what you earn per week. You can check out your weekly Tax Payable using our Tax Withheld Calculator
You can pay yearly when you do your Tax return, or by setting up a PAYG Instalments plan with us to manage not having a big Tax Debt at the end of the year.
Hi @CuriousM
Sure, we can help with that.
It does depend on what you earn per week. You can check out your weekly Tax Payable using our Tax Withheld Calculator
You can pay yearly when you do your Tax return, or by setting up a PAYG Instalments plan with us to manage not having a big Tax Debt at the end of the year.
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