How Much Does it Cost to Be a Sole Trader?
How much does it actually cost if you want to become a sole trader? In today’s video, I go through the up front costs of becoming a sole trader and some of the ongoing costs you will have.
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⌚️Timestamps
0:00 Sole Trader Costs - Up Front
3:30 Sole Trader Costs - Ongoing
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Ethan 'Rooshock' (Rucioch) is an Australian business owner in his late 20's. He is the owner and director of Rooshock Accounting, an accounting firm. He is also the creator of an NFT project, Rooshocks. In his spare time, he enjoys travelling, spending time with his family and watching countless hours of sport. On this channel you will find a range of different content, including personal finance, business advice, tax tips, crypto tax tips, NFT discussions and even Ethan analysing some popular TV show businesses from an accountant’s perspective.
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Disclaimer
Every effort has been made to ensure that the information in this video is accurate. The information in this video and on this KZread channel is for entertainment and general information purposes only. It should not be taken as constituting professional advice. You should not rely on it as financial, legal or tax advice. There are always risks in any financial decision and all decisions should be made on an individual basis. You should conduct your own research and seek independent professional advice where needed. Some of the links in this video or video description may be affiliate links. Ethan Rucioch, Rooshock Enterprises Pty Ltd, Rooshocks NFT Pty Ltd or any other related party may receive a commission through these.
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#soletrader #soletradercosts #soletradertax
Пікірлер: 9
Are you thinking about starting a business? If so, my course on How to Start a Business in Australia might be for you! Check out the link in the description to this video.
I've only just found your videos and am slowly getting through the ones I think I need, im in civil construction and earthmoving,the hardest part is finding somewhere to get answers when you need them at hand...
@EthanRooshock
3 ай бұрын
Hopefully the videos will help!
Have you ever considered being the Caleb Hammer of aussie tax. / personal finance? Do some "tax audits" for entertainment purposes
@EthanRooshock
4 ай бұрын
Never heard of him haha I'll have to check out his content
Do I need an ABN before I even start my sole trading business activities? Or is it some you do after you have started and are already earning from it?
@EthanRooshock
3 ай бұрын
If your intention is for it to be a business, you need an ABN.
I still don’t know if I should bite the bullet and start a business or stay a hobby? I’m a woodworker and didgeridoo maker
@EthanRooshock
4 ай бұрын
Depends, are you running it like a business? What are your goals? It isn't as much do you want to, it is more a question of are you running a business.