Sole Trader Tax Return

As a Sole Trader or Small Business Owner, you are legally responsible for the tax owed by yourself, and for paying any staff PAYG(Pay as you go). Ample Finance can easily help to lodge your sole trader tax return. Additionally, Sole Traders must pay tax at the same rate as an employee, however, you will need to pay the amounts owed to the ATO yourself.

First of all, Sole Traders in Australia need an Australian Business Number (ABN) in order to receive full payments from business clients, because this is a legal requirement for sole trader tax return purposes. If you want to complete your small business tax return, we can streamline your accounts as a Sole Trader and often can help you get more deductions for our nominal fee. Tax Returns for Sole Traders must be lodged on time or you can receive a fine from the ATO. Most importantly, Sole Trader income tax must be declared accurately and correctly.

If you do not quote an ABN to clients, they must withhold 46.5% of any payments. Sole Traders expecting an annual turnover of over $75,000 must register for Goods and Services Tax (GST).

Running your own business is difficult, so how about you let an expert take care of your taxes.

How Ample Finance can help you?

As registered tax agents, our team of professional tax accountants have the knowledge and expertise to help you receive the maximum tax refund which you are legally entitled to. We will diligently assess your personal situation to best understand your needs and goals, ensuring all income is included and all allowable deductions are claimed.

We offer additional services to keep your finances streamlined. Beyond sole trader tax returns, we can also help you control your cash flow with our professional bookkeeping and BAS lodgement services. Furthermore, we can help you maximise the $20,000 instant asset write-off for small businesses. Our range of services are aimed towards managing your money all year round. We can also help you to register sole trader ABN or GST Registration. Ample Finance is a MYOB Partner, Xero Certified Advisor & QuickBooks Online Advanced Certified Advisor, we can also work on other cloud accounting software such as MYOB Essentials & QuickBooks Self-Employed.

You can now lodge your sole trader tax return through our online form.

Ample Finance values your client experience. We endeavour to provide personalised and constructive advice and we pride ourselves on our speed and efficiency. Please don’t hesitate to contact us in person at our Melbourne office, through email at or book an appointment with our company registration specialists at (03) 9988 2911.

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Contact Ample Finance

St Kilda Rd Towers
T7/1 Queens Road,
Melbourne, VIC 3004

Phone: (03) 9988 2911 / 1300 798 250

Fax: (03) 9923 6293


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