Tax Accounting House

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1 Freshwater Pl, Southbank Vic 3006. APPOINTMENT ONLY

Mon - Sat (8am - 9pm). APPOINTMENT ONLY. NO WALK-INS.

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Sole Trader Tax

Are you already running or considering starting a business as a sole trader? Our sole trader accountants can help as we specialise in bookkeeping, accounting and tax services for self-employed individuals and small businesses.

What is a Sole Trader?

A sole trader is the simplest form of business structure that is easy and cheap to set up.

You are a sole trader if you personally own, control and manage a business under your personal legal name, use your Tax File Number (TFN) and or apply for an Australian Business Number (ABN), for your business dealings. 

You are personally responsible for all aspects of the business, including profits, losses and unlimited liabilities if things go wrong. 

Sole Trader Tax Return

The Australian Taxation Office (ATO) differentiates between Individuals and Non-Individuals. Individual is a term used to distinguish natural individual persons. Because a sole trader is a natural person, you are taxed as other normal individuals, pay income tax at individual tax rates and lodge an Individual Tax Return under the sole trader and or business schedules. 

There is no seperate tax return for a sole trader. 

A sole trader uses his TFN and ABN to lodge the sole trade business affairs in an Individual Tax Return.

Do I need a Bookkeeper or Sole Trader Accountant? You need Both; as managing your sole trade’s financials is like to build a home, which you need tradesman, architect and engineer.  When partnering with us, your business will be allocated with a sole trader accountant to provide you with a full-house service.

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Sole trader Bookkeeping

You are required to keep accurate records of your income and sole trader business expenses in order to report your business income or losses to the Australian Taxation Office.

Our bookkeeper can help to manage your business’ financials and compliance by keeping precise transactions on invoicing, accounts payable, receivable, bank reconciliations, financial journal entries and payroll. Our bookkeeper can also assist with ensuring employees file the right documents for payroll and contractors submitting invoices.

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Sole trader accountant Melbourne

Our dedicated sole trader accountants can help:

Other Sole trader accountant Services

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Apply Sole Trader ABN

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GST Registration

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PAYG Application

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Business Advisory

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OUR CERTIFICATIONS

Our sole trader accountants use secure softwares to ensure your business work efficiently, improve scalability, save time, money and even paper and stationery.
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Tax Agent 25805626

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Xero Partner

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Xero Certified Advisory

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MYOB Partner

DID YOU KNOW TAX AGENT FEES ARE DEDUCTIBLE?

MAXIMISED TAX RETURN GUARANTEED

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FREE SOLE TRADER TOOLS

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SCHEDULE a Free TAX STRATEGY SESSION NOW

0402 882 075

MAXIMISED TAX RETURN GUARANTEED!

WHAT CLIENTS ARE SAYING

SOLE TRADER CLIENTS REVIEWS

Tax & Accounting House is a brilliant accountancy firm. I have been a customer for over 2 years and it’s the most efficient, smooth and knowledgable service I have ever received. Highly recommended for basic to advanced accountancy and taxation requirements. Thanks

Liam Grimes

Investor

Thanks for fixing the sole trader jobkeeper application and also bringing my sole trader taxes and tax returns up to date. My partner and I are now free from this sole trader bookkeeping and tax lodgement stress. Veronique is one of the most knowledgeable, informative, and professional accountants we've had. Absolutely recommend her service.

Anh Tran

Event Organisor

Excellent service. I am extremely happy and will definately recommend Tax & Accounting House. This is my first year being self employed. I had no idea how to do my tax. I called them asking basic questions, spoke to Veronique, she explained everything clearly and concisely, and always replys promptly to my emails. Thank you

Dominus Vern

Sole Trader

Excellent & 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 if you are looking for sole trader accountant

Shen Shing

Sole Trader

I received very good service from veronika. She explained everything in details. thanks for doing my sole trader tax return.👍

Tarun Patel

Sole Trader

The best service I have had

Freya Nguyen

Product Assurance Personnel
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