Find out about this and other matters – such as business registrations – in our Business basics for sole traders article. You are obliged to register for GST once your turnover reaches a specific threshold. If you’re not charging GST, just use the heading ‘Invoice’ and a phrase such as ‘GST has not been charged’. If the invoice is for more than $1,000, you should feature the GST amount beside each item. If your invoice is for a total of less than $1,000 and everything is subject to 10% GST, you can feature the tax as a single amount using a phrase such as ‘Total price includes GST’. The GST amount(s) either for each line item or as a whole.Information about the goods and services provided, including quantities.Your business name and/or your trading name.The words ‘Tax invoice’ in a heading at the top.Yes, the Australian Tax Office (ATO) specifies that the following must feature on your sole trader, partnership or other small business invoices if you are registered for and are charging GST: Are there specific requirements for a tax invoice template? So, if you’re looking around for an invoice template for your plumbing business, make sure it’s well-structured and leaves a good impression. And remember, when it comes to invoicing, a fast response means faster payment and that delivers improved cash flow. These items should be clear and easy to understand, making them more attractive to respond to. What does that say about your workmanship?Ī job isn’t complete until you’ve been paid, so it’s well worth making sure the whole end to end experience is a good one – and that includes providing professional-looking paperwork, from quotes to invoices. Then sometime later your customer receives a poorly designed and somewhat grubby handwritten invoice. You do an excellent job, you double check your work, you clean up after yourself, and you leave. How can an invoice template make me look my best?
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