Sole Trader

Who this is for

If you are a Sole Trader who is looking for an experienced tax professional who will understand your work-related activities, and how they integrate with the lifestyle you are living, or the lifestyle you want, then this is for you.

A major part of our existing customer base are sole traders, as we find a lot of contractors, traders, and sub-contractors work within the WA region. So trust that we are well positioned to serve your needs including:

• Getting started as a sole trader
• Understanding the tax commitments you have as a sole trader
• Having a trusted provider take care of your existing tax commitments

Sole Trader tax can be a little more involved than personal tax given the obligations you have as a business owner, and what stage of business you are in.

Things like eligible Tax Deductions, ABNs, Goods & Services Tax (GST), Pay As You Go (PAYG), Instalment Income Activity Statements (IAS), and Business Activity Statements (BAS) can leave you confused and second-guessing what you need to do to cover your tax obligations accurately and in a way that is most beneficial to you.

Click here to book your free 15 minute consultation with us now (we respond within 24 hours), and get some clarity on your tax commitments.

What you will receive

As part of the consultation, we will first deeply understand your business operations from a tax perspective and how it supports the lifestyle you currently have.

We will then work to uncover all the ways you can benefit from a tax perspective, and educate you on how to fulfill your personal tax commitments(e.g. keeping business records, setting up bank accounts, withholding tax etc…).

We then remove the excessive paperwork you have to deal with, by having you hand it over to us, so we can accurately manage, produce and lodge your tax on your behalf.

This leaves you time to focus on the other critical aspects of your business and life!

Click here to book your free 15 minute consultation with us now.

Results you can expect

•  Increased tax refunds (more money in your hands) due to proper tax lodgement
• Better understanding of the business tax commitments you have
• Streamlined approach to the habits and activities required to maximise your business tax benefits
• Saved time on paperwork and travel thanks to remote tax lodgement options
• Decreased stress levels thanks to the certainty and confidence that your tax will be lodged correctly

How it will work

This is the step-by-step process we will take you through to have your Sole Trader Tax recorded and lodged in a way that is accurate, and maximises the benefits to your lifestyle:

• Book an initial consultation with us so we can get an understanding the nature of your work as they relate to tax (e.g. Income, GST, deductions etc…)
• Determine the services you may need to properly record and lodge your tax (e.g. book keeping, GST items, number of consultations etc…)
• Agree and authorise us to compile and lodge your tax on your behalf

We will then work with you to help:

• Gather any related tax return items or paperwork needed to properly compile and lodge your tax
• Fill-in any missing gaps that may arise during the process
• Educate you on a stream-lined approach to recording tax related items, so your future annual tax obligations are simplified
• Perform quality checks and pass it by you before formally submitting your tax return on your behalf
• Lodge your tax return on your behalf, within 24 hours of receiving your full information and approval.

Additional Features

• As a bonus part of the ITP policy, we will liaise and respond with the Tax Office on your behalf for any queries that may arise in the future.
• We also have the option to process your tax return remotely, which means you don’t even have to leave your home to do your tax!

Payment

For lodging your tax return, payment can be made for our services upfront, or you can have it deducted from your tax refund which we collect on your behalf.

For other associated services related to sole trader tax such as further consultations, adhoc advice, and bookkeeping services, we will invoice you directly for an agreed fee (fixed fee or hourly charge).

Time-frame for lodgement

We will typically lodge your tax return within 24 hours of receiving your full information and approval.

Associated services and resources for Personal Tax

• Tax Tips
• Bookkeeping Services
• Instalment Activity Statements (IAS)
• Business Activity Statements (BAS)
• Tax Return Checklists