Tax Planning for the New Year: Start 2027 with Better Expense Habits
Every year, thousands of freelancers and sole traders make the same promise: this is the year I’ll stay on top of my expenses. And every year, most of them end up in a panicked scramble at the end of the financial year, sifting through bank statements, hunting for lost receipts, and wondering whether that dinner in March was a client meeting or a birthday celebration. Tax planning for the new year doesn’t require a radical overhaul – it requires a handful of practical habits, set up early, and followed consistently.
Read MoreSole Trader vs Company in Australia: Which Structure Is Right for You?
Choosing between operating as a sole trader vs company in Australia is one of the first decisions freelancers and small business owners face – and it’s one that affects your tax bill, your legal exposure, and how much paperwork you deal with every year. There’s no universally correct answer. The right structure depends on your income level, your risk tolerance, and your plans for the business. This guide breaks down both options so you can make an informed choice.
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