Newsletter - July 2025

Welcome to a brand new financial year!

Whether you’re new here or have been part of our community for years, thanks for making Rounded part of your solo business journey.

Quick heads-up:

Your dashboard has reset as of July 1st. All your past data is safe. If you’re not sure where to find something or need help with your reports, just give us a shout.

For those of you that are registered for GST and report quarterly, your next BAS is due on July 28th. We've got some tips for you below.

You may want to hold off on lodging your tax return for now, as some of the systems the ATO uses to pre-fill data can take time to update. Check out our tax resources and tips at the end of this newsletter.

We've got a lot for you this month, so let's dive in!

⚙️ What's new at Rounded?

Last month, our co-founders Grant and Olly sat down to answer your questions and share how they make product decisions, along with what's next for Rounded.

Grant also gave a demo of our new invoicing features and how to add income from subscriptions with our Stripe feed.

Check it out here 👇

▶️ Catch up on what you've missed

On-demand replays from our June sessions

Get tax-ready with expert tips on what the ATO’s looking out for, how to stay in the clear, and best practices.

A raw and honest chat about future-proofing your business, redefining your value, and using AI to your advantage.

💡 Tip of the Month with Lauren Thiel, Accountant for Creatives + Sole Traders

If you're registered for GST, you will be lodging a BAS every month, quarter (most common) or year.

Included inside of that BAS there might be multiple line items: net GST collected AND a prepayment of your income tax ("PAYG-I") and/or PAYG-W (the tax withheld by you from employees wages).

So, the one big ol BAS bill might not all be GST.

You can check out the details in the lodgement in MyGov or ask your accountant.

Here's a few more resources from Lauren if you want to dive into any of these further.

• GST

• PAYGI

• PAYGW

Did you know?

Switch on email and mobile notifications, and Rounded will remind you when it's time to submit your BAS each quarter 👇

Activity statements are automatically created inside Rounded for any quarter where income and/or expense records that include GST are added.

🧠 Resources for tax time

Tax info

• Your step-by-step guide to sole trader tax

• Is meeting clients for coffee tax deductible?

• How to get help from the ATO when lodging your tax return

• Do I need an accountant or bookkeeper or both?

• Should you register for GST?

• Tax for digital nomads

Rounded guides

• Sharing data with your accountant

• Reports overview

• Everything you need to know about managing your expenses

• Importing income and expense data

• Join our weekly Rounded masterclass

Cover Photo by CoWomen on Unsplash