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. Ample Finance can easily help to lodge your sole trader tax return. Also, 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.
First of all, a Sole Trader in Australia will 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 are looking for completing your small business tax return, we can streamline your accounts as a Sole Trader and often can help you to get more deductions for our nominal fee. Tax Return’s for Sole Trader 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If you do not quote an ABN to clients, they must withhold 46.5% of any payments.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 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 which 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 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 at 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 could work on different cloud accounting software such as MYOB Essentials & QuickBooks Self-Employed.
Ample Finance values your client experience. We endeavour to provide personalised and constructive advice and we pride ourselves on our speed and efficiency.
You can now lodge your sole trader tax return through our online form.
Please don’t hesitate to contact us through email email@example.com or book an appointment with our tax specialists on (03) 9988 2911.