Cost efficiency
Sole traders guide to PAYG
If your PAYG (Pay As You Go) instalments are too high, it could potentially cripple your cash flow. If they are too low, however, you may be left with a large tax bill at the end of the financial year. Use this infosheet to help you get it just right.
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Cut through the confusion and learn how to get your instalments right with this simple guide to PAYG for sole traders.
The infosheet covers
1. How PAYG instalments work for sole traders
2. How PAYG instalment amounts are calculated
3. What to do if your PAYG instalment rate is too high or too low
4. How to vary your PAYG instalment rate.
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