Business/Sole Trader Tax Return
- As a Sole Trader, you are legally responsible for your own tax and any PAYG withholding for yourself or your staff or contractors.
- You must pay the tax amount to the ATO yourself.
- You have the option to do your own Sole Trader Tax Return by yourself but you must lodge it every year by 31st October.
- You have the option to do your own Sole Trader Tax Return by yourself but you must lodge it every year by 31st October.
- If you are late lodging your tax return, Ezy Tax Accountants is able to prepare and lodge your tax return.
- You must be registered with an ABN in order to receive payments from clients whether they are companies or individuals.
- If you do not have an ABN, your clients are required by law to withhold 46.5% tax of any payment owing to you.
- Sole Traders who earn more than $75,000 turnover per year must register their business for Goods and Services Tax (GST).
- You are responsible to lodge your Business Activity Statement (BAS) either by yourself or through a Tax or BAS Agent.
- You are responsible to lodge your Business Activity Statement (BAS) either by yourself or through a Tax or BAS Agent.
Sole Trader
Tax Return
$
330
per tax return
-
Salary & Wages
-
Business Income
-
Business Expenses
-
Profit & Loss Statement (if any)
-
Financial Investment Income (if any)
-
+ $88 per Rental Property
-
+ $88 per Business Worksheet
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