Sole trader & contractor tax
Your sole trader tax, in plain numbers
Turn your business turnover and deductible expenses into the profit you're taxed on, the tax you'd owe and the cash you actually keep — with a clear GST flag, your quarterly PAYG instalment and the super an employee gets that you must self-fund.
Your sole trader / contractor tax
Turn your business turnover and expenses into the profit you're taxed on, the tax you'd owe and the cash you keep — plus whether you need to register for GST. 2026-27, resident rates.
On $100,000 profit you'd pay $22,520 tax and keep
$77,480
in hand — an effective tax rate of 23% on your profit.
Profit
$100,000
Total tax
$22,520
In your pocket
$77,480
You must register for GST — your $120,000 turnover is over the $75,000 threshold. You'll charge 10% GST on sales and remit it (not included in the tax above).
A guide, not tax advice. Open the advanced panel for the full breakdown, your quarterly PAYG instalment, the super you must self-fund, and how you compare to the same pay as an employee.