Australia

AgentBook in Australia#

Tax estimate#

If you're a sole trader, your income tax estimate uses the real ATO individual brackets plus the Medicare Levy. If you've registered a Pty Ltd company, AgentBook instead applies the flat company tax rate to your net profit — a fundamentally different calculation from personal brackets, and the Tax Dashboard notes this explicitly so the figure isn't mistaken for a personal estimate. Set your entity type once in Tax Dashboard → Settings.

Mileage#

The ATO's cents-per-km method applies — a flat rate per kilometre. The ATO caps this method at a maximum annual distance (beyond which its logbook method applies instead); AgentBook doesn't enforce that cap automatically today, so keep an eye on your total if you're a high-mileage driver.

Payroll#

Employees get PAYG withholding calculated correctly, plus the Superannuation Guarantee (paid on top of gross pay, not withheld from it — Australia's equivalent of an employer retirement contribution). Year-end forms use the Payment Summary format.

Single Touch Payroll (STP) isn't lodged automatically. AgentBook calculates PAYG and Superannuation Guarantee correctly for your own records, but doesn't report each pay run to the ATO in real time the way STP-enabled payroll software does. You'll still need STP-enabled software (or your BAS/tax agent) to report to the ATO as required by law.

GST#

Invoices apply GST at the standard 10% rate by default; you can override the rate per invoice (for example, to 0% if you're not yet registered). AgentBook doesn't automatically detect when your turnover crosses the ATO's $75,000 compulsory GST-registration threshold and switch this for you — that's asked about as part of Tax fast-track so you know where you stand, but you're responsible for registering with the ATO and setting your own invoices correctly once you cross it.

Bank sync#

Bank sync works for Australian tenants via Basiq, a CDR-accredited (Consumer Data Right) Australian data provider — connect your bank the same way US and Canada tenants connect via Plaid. Link your account from Business Profile → Bank (for business expenses) or from Personal Finance (for personal accounts, part of the Personal Insights add-on), authorize access on Basiq's hosted consent screen, and your accounts, balances, and transactions sync automatically, with transactions auto-matched against your invoices and expenses just like Plaid-connected accounts.

You can still log expenses manually or from a receipt photo if you'd rather not connect a bank — everything else (invoicing, reports, tax estimate) works normally either way.

Per-diem#

Not available for Australia yet — it's built on US GSA rate tables with no Australian equivalent. Log actual meal and travel expenses via mileage + expenses instead.

Getting set up#

Set your country to Australia, your state, and your entity type (sole trader or Pty Ltd) in Business Profile and the Tax Dashboard.

Next: Reports & tax