WORKSHOP #5

Cleaning For Your Life!

TAX, ABN’s AND OTHER SCARY THINGS

Master the essential foundations of business structures, compliance, and tax to keep your cleaning service thriving and fully compliant. www.business.gov

Master Your Business Foundations

The Sole Trader Structure

The simplest form of business structure is that of a ‘sole trader’. The overheads are lower, too. If your business grows, you can employ casual or part time workers under the Sole Trader banner. However, you must pay superannuation for them and Workers Compensation Insurance.

Business paperwork and ABN documentation

Australian Business Number (ABN)

You need one of these in order to claim business expenses. Also, if you work for another business, you have to show an ABN on your invoices or they will have to withhold 47% of your invoice and pass on to the ATO.

Secure Your Digital Identity

TRADE NAME?

You can trade under your own name to start with. If you wish to register a business name later, you must register it with the Australian Business Register (abr.gov.au).

See example (ASIC)

my.gov.au

Register for a my gov account and you can then link other government services to it, ie ATO, Centrelink, Medicare etc. Once you have it set up, you can deal with the tax office and set up payment plans for tax owed and do your own end of year tax return.

If you are not confident doing this, go to HR BLOCK; lodgment date is before 31 October.

Professional Service Quotation

Address of Premises:

Level 3, Flowery House

3 Leafy Lane

LEEDERVILLE, WA 6007

Proposed Duties (Internal)

Cleaning of office suites 3 & 4 (twice weekly).

Common Areas: Kitchen, Toilets

Proposed Duties (External)

Sweeping of car park and removal of oil stains (twice per month).

Price Quoted

5 hours p/week @$50.00 p/hr

($1083.33 p/calendar month)

Invoice To

Managers of Strata Plan No. xxxx

c/- SNOW SETTLEMENTS

PO Box 401 Leederville, WA 6007

Invoice Terms:
14 days from date of issue.

Contract:
12 months (to commence 2nd June 2026).

THIS QUOTE IS VALID FOR 30 DAYS FROM DATE OF ISSUE.

ATO Compliant Records

5-Year Record Retention

You have to keep records for 5 years from the issue date, of any transactions, eg income received from your business and evidence of any expense you claim, in case of an ‘audit.’

Bank statements (or electronic access)
Motor vehicle log books for mileage claims
Cost of tyres, car services, and repairs to equipment
Paid invoices and cash receipt books

Download ATO Guide

Costs of hiring a book-keeper/accountant are tax deductible. Check they are a member of the registered tax agents board.

I recommend HR Block in Midland; they specialize in small business and personal tax. Lodgment date is before 31 October.

PRIVATE/PERSONAL USE APPORTIONMENT

Keep Your Outgoings Down

There is a small business tax offset the government applies to your tax owned at the end of the year, a low income tax offset and incentives such as the $1000 “instant asset write off.”

" Personally, I prefer to keep my outgoings “down!” "

Ready To Conquer Tax?

Secure your spot in Workshop #5 today and take control of your business structure, ABN, and tax compliance.