Required MRR
See what you actually take home from your MRR after platform fees, business costs, and tax. Or find the MRR you need for a target income.
A$
5,000 paying customers
▾
▾
AUD
%
Stripe Fees A$2,350
Standard (1.7%)
A$850
Transaction fees (AUD 0.3/txn)
A$1,500
VAT (Value Added Tax) A$4,545
VAT collected at 10% Revenue exceeds £75,000 threshold. Prices assumed VAT-inclusive.
A$4,545
Business Expenses (Monthly) A$45
Email Platform
A$30
Domain & SSL
A$15
Business income is treated as personal income. Individual income tax rates apply (Stage 3 cuts from 1 July 2024). ABN required. Must register for GST if turnover exceeds A$75,000.
Taxes & National Insurance A$17,371
Income Tax 2024-25 Stage 3 tax cut brackets. Tax-free threshold of A$18,200 modeled as allowance. Bracket values are pre-adjusted (max - allowance) to work with the engine's allowance system.
A$16,555
Medicare Levy 2% Medicare Levy on taxable income. Nil if income ≤ A$27,222, reduced between A$27,222–A$34,027. Modeled with A$27,222 allowance as simplified approximation. Medicare Levy Surcharge (1–1.5%) may apply if no private hospital cover and income > A$97,000 (not modeled).
A$816
Optimization:
Consider a Merchant of Record for VAT
Your revenue exceeds the VAT threshold. A Merchant of Record like Paddle handles VAT collection and remittance, simplifying compliance.
Fees 5% Expenses Tax 44% Take-Home 51%
Net Take-Home A$25,689 /mo A$308,265 /yr