Tradies
Accounting for Tradies
Over past two decades we have assisted several hundred builders, plumbers, carpenters and electricians with their accounting, tax and financial affairs. In fact, the building trades have become real niches within our accounting firm.
We appreciate the fact that the long hours and physical demands associated with the trades often mean bookkeeping and administration don’t get the attention they deserve. While GST, BAS and tax payments often represent some of the largest financial obligations for a business, many tradespeople struggle to manage their tax affairs.
Here at BLinks 360 we have mentored a large number of tradespeople through the start-up phase of their business. We understand the pitfalls and can help you with everything you need including your business structure, website, branding, invoicing and software selection. When its time to employ apprentices and sub-contractors we can help you comply with the regulations. This is obviously in addition to the usual small business compliance issues of GST, BAS, PAYG and Superannuation.
The various trades we service extend beyond plumbers, carpenters and electricians. In fact we have clients that span more than 40 different trades.
- Air Conditioning Mechanics
- Arborists
- Bathroom Renovators
- Blinds – Repair & Installation
- Bricklayers
- Builders
- Carpenters
- Carpet Cleaners
- Carpet Repairers
- Ceiling Repairers
- Commercial Cleaners
- Concreters
- Domestic Cleaners
- Electricians
- Electrical Appliance Repairs
- Fencing & Gates
- Floating Floors
- Floor Sanding
- Furniture Assembly
- Fencing Contractors
- Guttering
- Garden Maintenance
- Gas Fitters
- Glazers
- Handymen
- Home Security
- Insulation
- Interior Decorators
- Joinery
- Kitchen Renovators
- Landscape Gardeners
- Lawn Care
- Painters
- Paving Contractors
- Pergolas
- Plasterers
- Plumbers
- Rendering
- Retaining Walls
- Reticulation
- Roller Doors
- Roof Tilers
- Roofing Repairers
- Rubbish Removalists
- Security Doors, Gates & Grills
- Swimming Pools & Spas
- Telecommunications
- Tiling
- Timber Floors
- Tree Loppers
- Vinyl & Carpet Layers
- Window Cleaners
- Wrought Iron Gates & Balustrades
- Welders
Uber Drivers
Accounting for Uber Drivers
The news reported that Uber taxes are one of the biggest worries for drivers in Australia.
It’s important to manage your Uber taxes the right way from the start. If you don’t keep records of your tax deductions correctly and save for your tax bill as you go, then it can become very stressful at tax time, and create a financial burden on you and your family.
There are two different kinds of tax that apply to Uber drivers, GST and Income Tax. Income Tax applies to everyone, while GST only applies to rideshare drivers. If you only do food delivery, and you don’t do any rideshare driving, then you do not have to register for GST. The only exception is if your total ABN income (including from other sources of ABN income, but not employee income) is more than $75,000.
Talk to one of our tax experts to discuss how to minimise your tax on your Uber income.
