Freelancers enjoy flexibility and freedom — but they also face complex financial responsibilities. From tax obligations to business structure decisions, working with a reliable Accountant Sydney can save time, money, and stress for freelancers in any field.
Common Mistakes Freelancers Make
Without proper guidance, many freelancers:
Underestimate tax liabilities
Miss allowable deductions
Don’t budget for GST or BAS lodgements
Fail to track income across multiple clients
Byron’s works with freelancers to help them stay compliant while maximising earnings.
Do I Need to Register for GST?
Freelancers earning over $75,000 per year must register for GST and lodge quarterly Business Activity Statements. We help determine if you’re eligible, handle the registration, and manage ongoing reporting with ease.
Expense Tracking and Deductions
Home office expenses, software subscriptions, internet, travel, and equipment may all be deductible. We help identify valid claims and separate personal from business use to ensure you're claiming correctly and confidently.
Superannuation and Long-Term Planning
As a freelancer, you’re responsible for your own super. We’ll help you set up a personal contribution plan or even an SMSF if appropriate — ensuring your financial future is secure.
Income Smoothing and Tax Planning
Freelance income can be irregular. We help clients:
Budget for tax
Spread income across tax years (when possible)
Use PAYG instalments to avoid EOFY surprises
Working with a Accountant Sydney like Byron’s ensures your freelance finances are streamlined, compliant, and future-ready.
