You must declare your income and lodge your Individual Tax Return if you are an Individual or Sole Trader. A lot of sole traders thinks that sole traders are required to lodge a different tax return. Please bare in mind that the ATO differentiate Individuals and Non-Individuals. Individual is a term used to distinguish natural individual persons.
As a Sole Trader is a natural person, sole traders are taxed as other normal individuals, pay income tax at individual tax rates and lodges an Individual Tax Return.
We understand 2020 has been a tough year for us Aussies, from bush fire to the unpredictable COVID-19, but lodging individual tax return need not be. Keep tax time stress-free by allowing a good personal tax accountant to maximise your individual tax return. Lodging with our tax agent in Melbourne will maximise your tax refund and make your return Audit Proof, the best part is our tax agent fee are also tax deductible.
Preparing your individual tax return
Are you new to tax?
5 Tax Things you do Before Starting a New Job:
- Permission to Work in Australia if you're Foreigner
- Apply for Tax File No. (TFN) if you're a Employee
- Apply for an ABN if you are a Sole Trader
- Sign TFN Declaration Form
- Apply for Superannuation Fund Account
Once you start working, you must keep the below records:
What is Tax in Australian? Why Pay Tax?
Free Income Tax Calculator + Tools
- Tax Deductions Cheat Sheet
- Tax Minimisation Tips & Planning for future yr.
- Income Tax Checklist
- Rental Income & Expenses Template MS Excel
- Individual Tax Frequently Asked Questions
- Sole Trader Frequently Asked Questions
Veronique is the kindest and most professional tax accountant you can ask for. Fast, informative and perfect services, and she's always there to help you. Thanks heaps Veronique 🙂
Haidar Al-Ogaily
Computer EngineerI received very good service from veronika. She explained everything in details. thanks for doing my sole trader tax return.
Tarun Patel
Sole TraderHad Veronika's assistance with the 2019 Tax return and amendments to the 2018. Great Service, Thanks.
Reza
Naval ArchitectExcellent & prompt service. My first time using a local tax accountant near me and will definitely use her service again. They're highly knowledgeable in tax and accounting. Highly recommend.
Shen Shing
Sole TraderVeronique has a great work ethic and strong attention to detail. She has a pleasant disposition and her customer service is of the highest quality. Would highly recommend her for your accounting needs.
Natali Maty
ScientistI had always thought an individual tax return was straight forward so never hired a tax accountant. But the budget night tax cut proposition got me confused that I need to clarify it with taxation accountants near me. Angelika's accounting firm happens to be a bit far but her understanding of taxation gained my trust; which results in me saving $1,877 of my tax bill; not only that she even told me to claim her tax agent fee deduction next year. Thanks Angelika.