Invoicing for new subbies, with your tax money worked out as you go.
Just got your ABN? SubbieMate sends proper invoices from your phone and shows how much of every payment to put aside for tax, after your expenses. No surprises at tax time.
Coming to iPhone and Android. Founding testers get early access.
On wages, tax comes out before you see the money. As a subbie, the whole payment lands in your account and the tax bill turns up months later. SubbieMate keeps a running figure of what isn't yours to spend.
Takes what you've invoiced, subtracts your expenses and supplier bills, and works out the tax on the profit using the ATO rates. Shows your bracket, how close you are to the next one, and how many cents of each extra dollar to keep.
Personal tax brackets plus Medicare for sole traders. The company rate for a Pty Ltd. Add wages from another job and it allows for the higher bracket.
Your ABN, a proper "Tax Invoice" once you're registered for GST, and your PayID and bank details with the invoice number as the reference. Sent as a PDF by email or text in a couple of taps.
Raise a PO for materials against the job. When the supplier's bill comes in, it becomes an expense and comes off your profit, so the tax figure stays right.
Fuel, tools, insurance. Every expense you add lowers what you need to put aside. GST is split out when you're registered.
Owed and overdue totals on the home screen. Mark invoices paid as the money lands.
The tax figure is an estimate to help you plan, not tax advice. It doesn't include offsets, super or PAYG instalments. Check with your accountant.
We're looking for subbies in their first few years on an ABN to try SubbieMate before it launches. Leave your details and we'll be in touch when it's ready.