Ideal for anyone with ABN income under $20,000, whether it’s a small side gig on top of wages or your only business income.

 

This category covers hobby earners, occasional contractors and micro businesses.

 

Keeping good records and using a separate business bank account will set you up for smooth, stress-free tax time.

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If most of your income comes from your ABN and your turnover is under $75,000, you’re an emerging small business.

At this stage, keeping an eye on GST thresholds, managing cashflow, and planning ahead for tax becomes increasingly important but keeping good records and using a separate business bank account are still key for a smooth, stress-free tax time.

Quarterly planning, and understanding your deductions are key to keeping things running smoothly.

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If you earn similar amounts from wages and ABN income — usually around $30,000–$40,000 each — you’re growing a side business into a more established income stream.

At this stage, keeping an eye on GST thresholds, managing cashflow, and planning ahead for tax becomes increasingly important but keeping good records and using a separate business bank account are still key for a smooth, stress-free tax time.

Annual planning, and understanding your deductions is sufficient.
 

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If your business turnover exceeds $75,000 or you employ staff, you’ll need to manage GST, payroll, and more frequent reporting.

 

At this level, periodical bookkeeping and a move to Xero accounting software become essential.

 

Strong systems and regular reviews help you stay compliant, avoid surprises, and keep your business moving in the right direction.

Select "Book in" for an expert session to review your bookkeeping requirements!