Finally, Know Exactly What Money Is Yours.
Stop guessing how much you owe the tax man. Invoice Buddy tracks your tax liability in real-time, so you can spend your profits with zero guilt and zero surprises.
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"Safe to spend" calculated automatically based on Australian sole trader tax brackets.
The Sole Trader Trap
The "Bank Balance" Illusion
You check your bank account. The number looks good. You think, "Great, I can afford that new laptop/holiday/dinner."
But that number is lying to you.
Because hidden inside that balance is money that belongs to the tax office. And if you spend it now, you’re setting yourself up for a panic attack at the end of the financial year.
Your Financial GPS
Invoice Buddy doesn't just send invoices; it now acts as your financial co-pilot. As soon as you raise an invoice or receive payment, we automatically calculate the estimated tax portion based on current ATO individual income tax rates and GST obligations. We map your gross income against these official brackets in real-time, giving you an accurate, reliable estimate of what you owe without the complex manual math.
"It’s like having a virtual accountant whispering in your ear: 'Put this much in your savings account, and the rest is yours to enjoy.'"
Experience the Pro Difference
Take a quick interactive tour to see how Invoice Buddy Pro helps you save time and manage your finances effortlessly.
True Financial Freedom
Stop hesitating every time you make a purchase. When you know your tax is covered, every dollar left over is truly yours. Invest in your business or treat yourself - guilt-free.
The End of Tax Anxiety
No more waking up in a cold sweat about a "surprise" bill. You will know your number every single day of the year. By the time tax season arrives, the money is already sitting there waiting.
Professional Control
Stop doing "back of the napkin" math. Get a professional, automated breakdown of your gross income vs. your net profit instantly.
Common Tax Deductions for Sole Traders
Knowing what you can claim is the fastest way to reduce your taxable income and increase your take-home pay. Here are common ATO-approved deductions you can track:
Home Office Expenses
If you run your business from home, you can claim a portion of internet, phone, electricity, and even office equipment depreciation.
Vehicle & Travel
Keep a logbook to claim fuel, servicing, insurance, and registration for business-related travel. Tolls and parking are also deductible.
Tools & Equipment
From laptops and software subscriptions to power tools and protective clothing, any equipment used to generate income is deductible.
Marketing & Admin
Don't forget to claim website hosting, advertising costs, accounting software (like Invoice Buddy Pro!), and professional memberships.