Newsletter - June 2026
If you're like most sole traders who tell themselves they'll "sort out the admin later," this is your sign to get started. We’ve put together a quick, stress-free checklist to help you get on top of things so you can head into July with total peace of mind (or at least a little bit less stress).
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Here's what's inside this June edition:
Get EOFY-ready in 5 steps: How to get organised, even if you haven't kept the best records
ICYMI: Check out our guide to sole trader tax and our deep dive into superannuation with accountant Lauren Thiel
For Victorian sole traders: How to get 20% off your rego
More helpful resources for sole traders
💡Get EOFY-ready in 5 steps
1. Gather your income and expenses
If you haven't logged business income and expenses throughout the year (or think you may have some gaps), your bank and credit card statements are your ultimate source of truth.
Dedicate an hour to downloading every statement for FY 25-26 and go through them line by line, highlighting every business-related transaction.
Not 100% sure what counts as a deduction?
Speak to an accountant. You can also visit our tax guide to get a general idea of what expenses you might be able to claim.
If you're a Rounded user:
Your expenses are probably mostly up to date already. If not, spend a few minutes this week in your Bank Feed. Auto suggestions and bulk categorisation will help speed things up.
2. Start tracking down any missing receipts
Find all your digital receipts, snap photos of the paper ones, and get them all in one place.
Apps like Rounded make it easy to upload and attach them directly to your expenses, so they're right there when your accountant (or the ATO) needs them.
3. Follow up on overdue invoices
Not only does this improve your cash flow before EOFY, but it also gives you a clearer picture of what you've actually earned this financial year so you don't underestimate your tax bill.
A quick reminder today could mean extra money in your account before June 30th.
4. Work out how much tax you might owe now
One of the most stressful parts of EOFY is discovering your tax bill is a lot larger than you were planning for.
Getting even a rough idea now means you have extra time to set some money aside and adjust cash flow plans as needed.
Rounded users can see real-time estimates of their taxable income and how much they'll owe the ATO on their dashboard.
5. Book in with your accountant ASAP
If you use an accountant, don't wait until July to get in touch.
EOFY is their busiest time, and appointment slots get snatched up quickly.
Even if your books aren't completely ready yet, having a date locked in can be the motivation you need to get organised.
Note: This newsletter provides general information only and doesn't constitute financial or tax advice. For advice that's specific to your situation, speak with a registered tax agent or accountant.
💡ICYMI: Your 2025-26 Tax Guide is Here
Lodging as a sole trader for the first time, or just need a refresher? Here's your step-by-step guide.
▶️ Catch up: Everything sole traders need to know about super
Not sure what you should be doing in terms of superannuation?
We sat down with accountant Lauren Thiel from The Real Thiel to break it all down for you.
What we covered:
Voluntary vs employer-paid super
When you may be entitled to super as a sole trader, and how to discuss super requirements with clients and employers
How to check your eligibility and track contributions
How super should be handled on your invoices
When you may need to pay super to contractors, and how to calculate and pay it correctly
What Payday Super will mean for you
Want to claim your super contributions for FY 25-26?
Make sure you've filed a notice of intent to claim form with your super fund AND made the contribution before the cut-off date.
More helpful resources
From the Rounded team:
From the community:
Listen to the Content Byte: How to get more work through referrals with Sarah Hubbard
Creative Plus Business: Find an accountant that works with creatives and freelancers
Here's the ATO's advice for reporting income earned through digital platforms or apps
Earn less than $70k? Check out the ATO's Tax Help program
New to Rounded, or have questions?
Sign up for our weekly Intro to Rounded masterclass
Visit our Help Centre or reach out via in-app chat. You'll usually hear from a human in around 30 seconds.
Got any features you'd like to request, or want to see what's coming up next? Check out our roadmap.
Cover Photo by Volodymyr Hryshchenko on Unsplash
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Invoicing and accounting software for sole traders. Get paid faster and relax at tax time.
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