Tax support for sole traders
As a sole trader, business income and expenses form part of your individual tax return. That can make tax time feel more involved, especially when records are not fully up to date or it is unclear what information to provide.
Our team can help you work through your ABN income, business expenses, deductions and records so the return can be prepared from the information available.
Whether you are just starting out or have been operating for years, the aim is to make your tax and record-keeping easier to manage.
What to prepare for your appointment
Sole trader returns can involve more information than a salary and wage return, particularly when records sit across several systems.
Gather income and expense information
This may include business income, expenses, bookkeeping reports and other supporting records for the period.
Bring records relevant to your situation
Vehicle use, home office costs, GST information and other documents may be relevant depending on your circumstances.
Work through what is still needed
Our team can review the information available and explain which records may still be required.
Questions from sole traders
Can I get help with bookkeeping too?
You can book tax only if that is all you need. If your records are behind or difficult to understand, our bookkeeping team can also help with catch-up work, software support, BAS and ongoing bookkeeping.
Do you only support sole traders in Mackay?
Ready Accounting is based in Mackay and supports sole traders locally and across Australia. Contact the team to discuss the appointment format that works for you.