Sole Trader Tax Return

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Sole Trader Tax Return Ample Finance 2017-08-10T03:35:04+00:00

Sole Trader Tax Return

As a Sole Trader, you are legally responsible for the tax owed by yourself, and for paying any staff PAYG. Ample Finance can easily help lodge your sole trader tax return. Sole Traders must pay tax at the same rate as being an employee, but you need to on pay the amounts owed to the ATO yourself.

As a Sole Trader you will need an Australian Business Number (ABN) in order to receive full payments from business clients. This is a legal requirement for sole trader tax return purposes. If your looking for a sole trader tax return form to do it yourself, we can streamline your accounts as a Sole Trader and often can help you, get more deductions that will easily account for our nominal fee. Tax Return’s for Sole Trader must be lodged on time or you can receive a fine from the ATO. 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If you do not quote an ABN to clients, they must withhold 46.5% of any payments.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 a annual turnover of $75,000 must register for Goods and Services Tax (GST).

Running your own business is not easy, so why not let an expert to look after your tax.

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 you are legally entitled to. We will diligently assess your personal situation to best understand your needs and your 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 return, we can help you control your cash flow with professional bookkeeping and BAS services. We can help you maximise the $20,000 instant asset write off for small businesses. Our range of services are aimed at managing your money all year round.

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 or book an appointment with our tax specialists on (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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