Registration
Sole traders should monitor GST turnover and registration requirements. Some industries have special registration rules, so confirm your position with the ATO or a registered professional.
Separate business records
Keep clear records of sales, expenses, private-use adjustments and GST amounts. A dedicated business bank account can make quarterly review easier.
Review each quarter
Reconcile invoices, bank transactions and payment platform statements before estimating BAS labels.
Important: This guide provides general educational information only. Check current ATO guidance and obtain professional advice for your circumstances.