Starting a copywriting business is exciting, but navigating the financial and legal aspects can feel overwhelming. From choosing the proper business structure to understanding tax obligations, there’s a lot to consider. 

In this episode, Andrew Nicholls, an experienced finance expert and business advisor, breaks it all down in a way that’s easy to understand.

Whether you’re just starting out or already running your copywriting business, this episode will help you make informed financial decisions and avoid common pitfalls. Andrew shares insights on when to register for GST, how to structure your business for success, what insurances you need and what deductions you can claim. 

This episode is a goldmine of practical advice for copywriters and small business owners looking to take control of their finances and set up their businesses for success. Whether you're just getting started or thinking about growing, Andrew’s insights will help you navigate the complexities of business finance with confidence.

You’ll learn:
The different business structures available to copywriters (sole trader vs. company vs. trust)
Why you need an ABN and how to get one
What to do if you're freelancing on the side while working full-time
When you need to start charging GST and what that means for your business
The reporting obligations of a GST-registered business
When it makes sense to transition from a sole trader to a company
The key differences between a bookkeeper and an accountant (and when you need one)
What business expenses you can and can’t claim as a copywriter
The types of business insurance you need (and which ones you can skip)
Common rookie accounting mistakes that get small business owners into trouble with the ATO
When to start using accounting software like Xero and how it can help manage your finances

Read the show notes

This podcast is brought to you by the Australian Writers' Centre. WritersCentre.com.au

Join our community of copywriters at CopyClub.com.au.

Starting a copywriting business is exciting, but navigating the financial and legal aspects can feel overwhelming. From choosing the proper business structure to understanding tax obligations, there&rsquo;s a lot to consider.&nbsp;
In this episode, Andrew Nicholls, an experienced finance expert and business advisor, breaks it all down in a way that&rsquo;s easy to understand.
Whether you&rsquo;re just starting out or already running your copywriting business, this episode will help you make informed financial decisions and avoid common pitfalls. Andrew shares insights on when to register for GST, how to structure your business for success, what insurances you need and what deductions you can claim.&nbsp;
This episode is a goldmine of practical advice for copywriters and small business owners looking to take control of their finances and set up their businesses for success. Whether you're just getting started or thinking about growing, Andrew&rsquo;s insights will help you navigate the complexities of business finance with confidence.
You&rsquo;ll learn:
<ul>
<li>The different business structures available to copywriters (sole trader vs. company vs. trust)</li>
<li aria-level="1">Why you need an ABN and how to get one</li>
<li aria-level="1">What to do if you're freelancing on the side while working full-time</li>
<li aria-level="1">When you need to start charging GST and what that means for your business</li>
<li aria-level="1">The reporting obligations of a GST-registered business</li>
<li aria-level="1">When it makes sense to transition from a sole trader to a company</li>
<li aria-level="1">The key differences between a bookkeeper and an accountant (and when you need one)</li>
<li aria-level="1">What business expenses you can and can&rsquo;t claim as a copywriter</li>
<li aria-level="1">The types of business insurance you need (and which ones you can skip)</li>
<li aria-level="1">Common rookie accounting mistakes that get small business owners into trouble with the ATO</li>
<li aria-level="1">When to start using accounting software like Xero and how it can help manage your finances</li>
</ul>
<a href="https://www.writerscentre.com.au/blog/copywriter-ep-083/">Read the show notes</a>
This podcast is brought to you by the Australian Writers' Centre. <a href="https://www.writerscentre.com.au/">WritersCentre.com.au</a>
Join our community of copywriters at&nbsp;<a href="http://copyclub.com.au/" data-stringify-link="http://CopyClub.com.au" data-sk="tooltip_parent">CopyClub.com.au</a>.

Join Australia’s most popular copywriting coach Bernadette Schwerdt as she takes you deep inside the world of how to be a professional copywriter. She’ll bring you the latest in how to get started, find work, build a brand, make money, manage your mindset and more. This behind the scenes look at how to become a top copywriter is the perfect pick-me-up for any writer who wants to earn more doing something they love. This podcast is by Australian Writers' Centre and Copy School.

Join Australia&rsquo;s most popular copywriting coach Bernadette Schwerdt as she takes you deep inside the world of how to be a professional copywriter. She&rsquo;ll bring you the latest in how to get started, find work, build a brand, make money, manage your mindset and more. This behind the scenes look at how to become a top copywriter is the perfect pick-me-up for any writer who wants to earn more doing something they love. This podcast is by Australian Writers' Centre and Copy School.

So you want to be a copywriter with Bernadette Schwerdt

Join Australia’s most popular copywriting coach Bernadette Schwerdt as she takes you deep inside the world of how to be a professional copywriter. She’ll bring you the latest in how to get started, find work, build a brand, make money, manage your mindset and more. This behind the scenes look at how to become a top copywriter is the perfect pick-me-up for any writer who wants to earn more doing something they love. This podcast is by Australian Writers' Centre and Copy School

Join Australia&rsquo;s most popular copywriting coach Bernadette Schwerdt as she takes you deep inside the world of how to be a professional copywriter. She&rsquo;ll bring you the latest in how to get started, find work, build a brand, make money, manage your mindset and more. This behind the scenes look at how to become a top copywriter is the perfect pick-me-up for any writer who wants to earn more doing something they love. This podcast is by Australian Writers' Centre and Copy School

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