British Expats - Setting up as a sole trader

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jayr	Feb 22nd 2004 5:29 pm

Setting up as a sole trader

My wife has just got a job for a private individual on a casual basis and wants to make sure everything is legit. I presume she needs to set up as a sole trader, get a TFN and and ABN. I am scouting around the ATO website but would appreciate any info from someone with experience of doing this.

ABCDiamond

Feb 22nd 2004 7:12 pm

Re: Setting up as a sole trader

Quote:

Originally posted by jayr
My wife has just got a job for a private individual on a casual basis and wants to make sure everything is legit. I presume she needs to set up as a sole trader, get a TFN and and ABN. I am scouting around the ATO website but would appreciate any info from someone with experience of doing this.

ATO Apply for an ABN

This also allows TFN application.

piers_morgan

Feb 22nd 2004 7:13 pm

Hi!

Has she considered working through a management company? They sort out all your tax etc for her and they take say 2% of her income. That's what I'm gonna do. Saves the hassle of all that paperwork.

I'm classed as a contractor and am effectively employed by a management company, but work through an agency who have placed me at a major plc. I reckon your wife could do the same.

Piers

bondipom

Feb 22nd 2004 7:17 pm

Quote:

Originally posted by piers_morgan
Hi!

Has she considered working through a management company? They sort out all your tax etc for her and they take say 2% of her income. That's what I'm gonna do. Saves the hassle of all that paperwork.

I'm classed as a contractor and am effectively employed by a management company, but work through an agency who have placed me at a major plc. I reckon your wife could do the same.

Piers

Congrats on the position Piers.

Megalania

Feb 22nd 2004 9:19 pm

Re: Setting up as a sole trader

Quote:

Ask at work - maybe someone has a company and would like another "employee".

brisbane bronco

Feb 23rd 2004 5:20 am

Management Company

Piers, re your comment on management company, have you a website for yours that you can recc?

Amazulu

Feb 23rd 2004 6:50 am

Re: Management Company

Quote:

Originally posted by brisbane bronco
Piers, re your comment on management company, have you a website for yours that you can recc?

Yeah, I'm interested in this too.

brummie bird

Feb 23rd 2004 6:54 am

hi all,

Whats an ABN ive seen it in job ads, will my hubbie need one if he goes self employed???

Cheers

Angie

brisbane bronco

Feb 23rd 2004 9:33 am

ABN

Angie

it means Australian Business Number

look at www.abn.business.gov.au for more info which may help:p

ABCDiamond

Feb 23rd 2004 10:05 am

Quote:

Originally posted by brummie bird
hi all,

Whats an ABN ive seen it in job ads, will my hubbie need one if he goes self employed???

Cheers

Angie

If you are self employed, an ABN number is needed, otherwise any payments you get may be reduced by 48.5% tax deduction at source.

This management company thing sounds interesting, at 2% a time, maybe I'll set one up and you can all work through me :D

piers_morgan

Feb 23rd 2004 5:49 pm

Hi,

For those interested in this management company, send me a PM and I'll pass on the details. Haven't actually received their ins and outs in the post, so don't want to get your hopes up until I see it all in writing. Should be with me tomorrow hopefully. Sent by fastpost apparently...:zzz:

Piers

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