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Records and Tax

When is it worth asking an accountant or the tax office about scrap sales?

Short answer: It is worth asking when your scrap sales are regular or growing, when they come from a business, when you are unsure whether you should be registered for an ABN or GST, or when the amounts are large enough that a mistake would matter, because a short conversation early costs far less than correcting a problem later.

Want a clear record? Every ScrapTrade offer and sale is documented.

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Signs your situation has changed

If you are selling every week, buying material specifically to resell or earning amounts that matter to your finances, you have likely moved beyond casual selling.

Questions worth bringing

Ask about registration, how to record the income, what evidence to keep and whether any deductions or obligations apply to your case.

Why early advice is cheaper

Sorting out the right setup at the start is usually simpler and cheaper than untangling mixed-up records later.

How ScrapTrade Fits In

ScrapTrade’s records give an accountant a clear, dated history of your trades to work from.

Good records make selling scrap simpler. ScrapTrade documents each offer and sale, with verified buyers, transparent weighing and escrow-protected payments.

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