Financial Literacy As An Indie
summary
Covers the exact first steps: how to register an ABN or face 47% withholding, what a compliant tax invoice must show (business name, address, ABN, description, reference number, bank details and payment terms), when to register for GST at $75,000 turnover, and recommended bookkeeping tools (Xero, QuickBooks, MYOB). Explains Steam reports: report appears ~25th, payment ~end of month with 30+ day lag, gross revenue → VAT → net Steam sales (Steam keeps 30%), use net to calculate Epic 5%, track foreign withholding tax as a reclaimable credit, and prefer a USD account.
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chapters (15)
- 0:00Start
- 1:09Disclaimer
- 1:46Getting Started
- 3:19Tax Invoice
- 3:40Requirements
- 4:10Requirements for a Proper Tax Invoice
- 5:46Single Lump Sum
- 6:38Gst Amount
- 7:28Invoice Reference Number
- 8:50Bank Info
- 10:09Payment Terms
- 12:22How To Interpret a Store Sales Report
- 14:59Net Units Sold
- 15:34Sales Tax
- 17:25Foreign Withholding Tax
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