Taxation & Accounting Services 

Sole Trader Tax Returns

We Can Help with Your Tax Return

As your local sole trader tax return accountants, we believe strongly in business-to-client relationships. Our experience and training allow us to get the best outcomes for all your accounting and taxation requirements.

Do you have an inquiry or want to talk to a professional regarding sole trader tax returns?

Our accountants at Tax Delivery fight hard to guarantee that you as a client are informed of what you can claim in your sole trader tax return to maximise your tax refund or minimise your tax payable.

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Frequently Asked Questions

A sole trader is an individual running a business.
It is the simplest business structure.
If you operate your business as a sole trader, you are the only owner and you control and manage the business. You are legally responsible for all aspects of the business, including lodging your tax return.

At Tax Delivery, we have two Sole Trader Tax Return Options depending on your income and the number of contractors you hire.

  • If your income is under $75,000 and you hire up to 1 contractor, we charge a flat fee of $175 for the preparation and lodgment of your tax return.
  • If your income is over $75,000 and you are registered for GST, our fee starts from $245.

Both services include up to 1-hour consultation, free tax advice, templates and tips to record your expenses more efficiently.

 

You must register for GST:

  • when your business or enterprise has a GST turnover (gross income) of $75,000 or more.
  • when you start a new business and expect your turnover to reach the GST threshold (or more) in the first year of operation.
  • if you’re already in business and have reached the GST threshold.
  • when you provide taxi or limousine travel for passengers (including ride-sourcing) regardless of your GST turnover.
  • if you want to claim fuel tax credits for your business or enterprise.

You will also be required to lodge quarterly activity statements known as Business Activity Statements (BAS) to declare the GST you charged and the GST you paid on your expenses. The difference will be the GST payable to the ATO or refundable to you.

 

There are many benefits to lodge your sole trader tax return with a professional tax agent. These involve:

  • Registered Tax Agents like Tax Delivery deal with individual tax returns every day and pick up on anything you may otherwise have missed. Withholding information from your tax return, unintentional or not, can have unwanted and severe outcomes.
  • Utilising a registered tax agent takes the pressure away from individual tax returns.
  • The lodgement due date for your individual tax return is increased from the 31st of October to the 15th of May in the subsequent year.
  • Your accountant will advise your current tax status and suggest various ways to properly invest your money or lower your taxation accountability.

Lodging your sole trader tax return with Tax Delivery is not the end of our support with you as a tax agent. We are also ready throughout the year to help you with general support regarding taxation matters that may transpire.

The deadline for lodging your income tax return is the 31st of October every year.

Sole Trader with a simple ABN

Book an appointment

Please fill in the form with your information and we’ll contact you shortly to schedule an appointment.

If you have any questions, feel free to call us or write us.

Sole Trader GST registered

Book an appointment

Please fill in the form with your information and we’ll contact you shortly to schedule an appointment.

If you have any questions, feel free to call us or write us.