Australian Tax for small business - How i do my taxes for my handmade biz - deductions for crafters

[@evnnben]

2 years later still doin wonders 💪🏽 much need information!

[@lanarenee5109]

Oh my gosh, I have never understood tax and I’ve been running my business for 10 years, I feel like I learned so much just from this video so I’m really happy! Thank you so so much I can’t wait to watch all the rest of your videos girl!!!

[@BonnieAngel141]

Girl the IRS is typing

[@mhizzq1889]

Just want to thank you for taking your time to explain all of these very helpful information, really appreciate it. I'm just in the process of starting my business (inspired by you) so these are all really helpful.

[@Balance-v8x]

Thank you, you answered many of my questions I couldn't get answers to elsewhere, like having 7 different accounts and deductions for sole traders! 😊

[@caterobbinsmusic676]

Thank you Taylah! This has been so helpful and is calming me down a smidge 😅 there is sooo much to know.

[@endorwitch]

I was trying to find tips about tax for aussie content creators because most sites ive found give vague info and are actually an accounting firm trying to get clients.😂 I know this vids a couple of years old but the info about what money to set aside and business deductions is exactly the kind of info i wanted and aussie specific!! Im not at the point where i make money yet but at least this gives me a better idea of the things i need to keep track of. Thanks!! I hope your business is still going well!!

[@marianarojas8471]

Can you do a video on how you set up for markets and ideas for seting up?

[@TaylahRose]

I definitely will in the near future🥰

[@steezthekid6041]

I don’t usually leave comments but this was really helpful Thankyou !

[@shannenjeffery1093]

Amazing video it’s helped me so much thank you!✨💓🌅

[@jolynperez8089]

Thank you so much been wanting to start my business

[@TaylahRose]

You’re welcome and goodluck!

[@snowidog]

Thank you this was really detailed and helpful!!

[@coyecoye7937]

Thanks so much for this video! I live in Australia but I'm not a local. I want to start my stickers business but it was very confusing when doing research. This video helps me so much❤!

[@TaylahRose]

I’m so glad this video has helped! Goodluck with starting your business 😁💞

[@ZhaRezx]

Thank you so much. This has really helped me I’m hoping to open up my own crystal / metaphysical store , this is amazing info thanks

[@milagrosciubal8058]

Taylah just wondering if you can make video how you do your excel. You have show a bit in this video but can you make more please it will be a great help for me.

[@melissanelsonhandmade]

Could you do a video on setting up a shopify store?

[@TaylahRose]

I will be in possibly July redoing my whole Shopify store! So I’ll do a video on it ☺️

[@milagrosciubal8058]

Hi Tayla this video has given me a lot of ideas. Im small business of clothing and handmade.i just started last year and been fallowing you on instagram and now here in youtube. You are inspiring me to do my handmades. My.clothing business is a bit slow now so i decided to start small in my handmades. Thank you for all your information.

[@rm1558]

Pleas make more videos like this ..... really helpful

[@TaylahRose]

Thanks so much! 🥰

[@elleskye8564]

I agree!! Was so helpful for me especially that you are also Australian so relates to me!

[@hadas1-y9n]

Video WAS SO GOOD. Helped a lot. Just want to know if you can please share a copy of your excel template for your tax return so we can know what to include ETC.

[@shelleyk401]

Thank you for this video! I definitely needed this information 😃

[@rozayfilms]

This content is so good! Thank you so much for helping me.

[@habitsofhappiness667]

Great video 👍🏻

[@itsdarls]

Thanks for the advice 👏 well done with your successful business 👍😊

[@courtneysaunders1035]

Should get some plastic folders and label them each month and put you’re receipt in them that would be more helpful to me x

[@TaylahRose]

I definitely should! 🥰

[@jeffersonaquino5872]

amamzing thank you

[@tinguthrie3447]

Congratulations on 15k

[@GrowingGreenNZ]

Fantastic video! Thank you for keeping it straight forward & simple 🥰👏

[@TaylahRose]

Thanks so much glad you liked it 🥰💞

[@diecastdave619]

Highly recommend opening another account 😅 and paying your super into that as most companies are so controlling with your super

[@courtneygene5474]

I was going to ask tax questions on your latest vid but then saw this video! This was awesome, so useful thank you so much 👏🏽🧡

[@TaylahRose]

Thanks so much 🥰 glad it helped!

[@mandymeowww]

This video is so great! so much useful info and so lovely of you to share it all for free! I am wondering, do you sell internationally and did your aussie accountant give you advice on international taxation? I'm having trouble finding info on international tax for my shopify shop

[@gabrielabracho8114]

Hi Tayla ❤ thank you for this amazing video, I find difficult to understand taxes and abn companies etc as I am not from Australia but I live here ❤😅. I want to open an Etsy account to sell digital products, I do have a personal abn, is that all I need or do I need to open an actual company? I hope you can help me ❤ TIA

[@marianarojas8471]

Thank you so much for the video! It helps a lot. :)

[@marianarojas8471]

Can you do a video on how you set up for markets and ideas for seting up?

[@LittleTiger11]

Thank you so much

[@followetal]

If im going to sell in etsy as a first timer, do i need to register for ABN first before selling on etsy?

[@ma4308]

Hey please add link with 101 tax deductions thankyou

[@authoresshurricane138]

Hello Queen, another great video 💜

[@TaylahRose]

Thank you so much 🥰

[@aaclhfirteedso]

Hi, this is very informative. I am just thinking, do I need abn to set up website?

[@kokkomii6008]

thank you for talking about this ❤️

[@TaylahRose]

You are welcome 💞

[@supg9565]

Very helpful video! thank you! I just have one question did you create a Sole trader ABN or a Business one? thanks

[@TaylahRose]

Sole trader for my business ABN ☺️ I didn’t want to go company as I didn’t see the need

[@valmatthews9117]

so important to put Superannuation away. There are so many older women who have no superannuation.

[@coopsnz1]

Superannuation left scam , wages shrunk since Paul Keating 1991

[@naomikeiser4204]

Am I going blind? I can't seem too find the link for the tax deductions that you mention at about 19.43 mins

[@TaylahRose]

Not blind! I must have never put it in the description, here’s the link that I think you are referring to ☺️ www.smallbusinesssarah.com/101-tax-deductions-for-etsy-sellers/

[@nobody-sm9ny]

Hiii i love ur videos

[@TaylahRose]

Thank you so much Kyra 💞

[@StolenCupcake]

For your etsy sales and fees, does it make any sense to you in terms of what's been taxed /fees by them because the CSV file doesn't match what the 2 totals on the summary. Was this too much to understand and you just sent the CSV to your account? Could you make a video on it if you know what I'm talking about?

[@lingchen927]

Hi! I am just starting my own business and this is actually helpful and inspiring. Can I ask is it worth getting an accountant, and how much do they normally cost?

[@TaylahRose]

Thank you! Certainly worth it. Mine is definitely lower end of pricing I pay $250 ish to do my tax (and more to do my bas) but it can be used as a deduction

[@michellem4118]

I don't know if this app works in Australia, but I use stride to log my mileage.

[@TaylahRose]

Thank you Michelle!

[@dearjill]

i have a question ! i live in australia and i've been wanting to start a sticker/accessories business but i'm currently under the age of 18. i now just found out that i can start a business as a minor which is great news ! but i was wondering if we're required to register a business name or can it just be an optional thing ? also this video was so helpful thank you !!!

[@TaylahRose]

Hey! So you can register an Australian business number if you wanted to especially if you think you will grow into a legit business, and you don’t need to register a business name straight away but you will run the risk of someone else taking the name and registering themselves instead 💞 I was 15 when I started and just did this as a hobby sort of thing I didn’t expect it to grow this big, I didn’t register for my abn or business name until I was 17 (mostly because I didn’t realise abn was free and the name is actually really cheap!) thanks so much! Xx

[@Mandax.]

That was really helpful. Thanks!

[@bethboppt]

I've only profited about $400 this financial year, should I really have to be doing all this financial stuff? Paying an accountant would take all my profits, or is that a deduction too?

[@bethboppt]

And btw I do already earn over the tax free threshold with my casual job

[@bubblymollie414]

Thanks for sharing ❤️

[@TaylahRose]

You are welcome I hoped it helped! 🥰

[@miles3136]

Imagine getting heart from Taylah

[@miles3136]

Omggggggggg!!!!! Thank you so much omggggg!!! I can't believe huhu thank you so much ❤❤❤😢😢😢😻😻😽

[@TaylahRose]

You’re welcome 🥰💞

[@katadriano]

Credit cards are actually really good as long as you use them like debit cards, meaning you pay in full every month. Why not have benefits and earn points for money you’re gonna spend anyway? ☺️

[@franfran860]

Can you refer me to your accountant please :)

[@coopsnz1]

Everyone pays tax , there isn't just business tax & income tax in Australia

[@TaylahRose]

This is specifically to help small businesses.. obviously everyone pays tax. It’s very different doing your own tax than having a big company pay it for you and doing a tax return at the end of the financial year. Way more goes into it than working at a supermarket for example

[@coopsnz1]

@@TaylahRose franchise own store not multi national . We're a new car dealer we also have 4x4 franchise

[@coopsnz1]

More you spend in Australia the more you taxed ... Social democracy sucks. Fuel tax " liquor tax " cigarettes tax " car taxes

[@coopsnz1]

Over taxed country better off living in USA excise taxes theft takes 50% of your money middle class .. Mercedes c63s in new Zealand $25000:cheaper new