Tax Strategies for Tradie Sole Traders
30 July 2026 · 6 min read · By Heaney Accounting
Understanding Your Tax Obligations
As a sole trader, you and your business are legally the same entity. This means all business income is personal income, and you are personally liable for all taxes.
- Set aside at least 30% of every payment for tax.
- Keep all your receipts in a digital app.
- Register for GST if your turnover exceeds $75,000.
- Make regular contributions to your superannuation fund.
Pro Tip: Never mix your business and personal bank accounts, as this makes tracking deductible expenses incredibly difficult at tax time.
Understanding what you can claim is the key to lowering your taxable income. From fuel and vehicle repairs to specialized safety gear, ensure you maintain accurate records throughout the year.
Try the related tools
Found this useful?
Get each new guide by email as it's published. No spam, no lock-in.