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Sole Trader Tax Returns

We will treat your sole trader business as if it were our own and help save on taxes at every turn.

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Some facts about sole trader tax returns

A sole trader is a type of business structure in which a person operates a business as an individual rather than as a company.
Sole traders are required to file an annual tax return with the Australian Taxation Office (ATO) to report their income and expenses from their business.
Sole traders are taxed at the individual tax rate, which is based on their total income from all sources
Sole traders are generally required to report their income and expenses on the cash basis
Sole traders are also required to report any goods and services tax (GST) that they collect from their customers on a business activity statement (BAS)

Why choose CTK Accounting when it comes to Sole Trader Tax Returns

CTK Accounting has a streamlined lodging process for our sole trader clients which is predominantly digital and can be done face to face, over video call or phone call.

Our process involves:

Collecting and organizing all financial records and documentation that are relevant to your sole trader's business
Calculating business income and expenses according to Australian tax law
Using the business income and expenses to calculate your tax liability, taking into account any applicable tax deductions or offsets
Review and submit the tax return

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