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Income Tax Estimate - For Sole traders
What counts as tax deductible expenses?
What counts as tax deductible expenses?

Any transactions you've flagged as tax deductible

Cindy Cui avatar
Written by Cindy Cui
Updated over a week ago

We consider any transaction you’ve flagged as tax deductible in the App to be a tax-deductible expense.

You can flag your transactions as tax deductible by tapping into your money out transaction then toggling it on:

The Income Tax Estimate should be used as an estimate only.

For more information on tax deductible expenses, please visit the ATO website or consult a tax professional.

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