Sole Traders
Sole Traders using bank statements
What information do I need to provide prior to my appointment?
... read moreSole Traders using Excel
What information do I need to provide prior to my appointment?
... read moreSole Traders using Xero
What information do I need to provide prior to my appointment?
... read moreBuying a Motor Vehicle - Sole Traders
There are different Tax & GST treatments depending on the type of can you purchase
Cars
These are motor vehicles which are designed to carry both:
-a load less than one tonne
-fewer than 9 passengers
Examples: sedan, SUV
Other Vehicles
These are vehicles which ARE NOT designed principally to carry passengers
Examples: van, single cab ute
Depreciation limits DO NOT apply
Some vehicles i.e. dual cab utes can be either a Car or Other Vehicle so the specifications need to be reviewed
If unsure as to what type of vehicle you are buying speak to your accountant BEFORE buying it
... read moreExcel Cashbook - 2024 Tax Year
Recommended for Sole Traders ONLY who are
-Not registered for GST
-Not employing staff
Sole Trader - complete guide
- Asset Protection
- Income
- Expenses
- Tax
- GST
- Buying a business
- Selling a business
- Other
Software Options
- Xero (recommended)
- MYOB Account right / Essentials
- Quickbooks Online
- Excel
Excel Cashbook - 2025 Tax Year
Recommended for Sole Traders ONLY who are:
-Not registered for GST
-Not employing staff
Tax Return Process - Business Clients
Steps we follow to prepare your business tax return
... read moreSole Trader - What deductions can I claim?
Small Business Entities (SBE) can generally claim everything they spend on the business, except expenses which of a private or capital nature
... read moreChanging from a Sole Trader to a Company or Trust
My business has grown and I think its time to change to a Company
... read moreDecember 2022
- 4 Myths of Starting a Business
- Company Director ID Deadline Extended to 14 Dec
- ATO Identify 3 Primary Targets for Individual Taxpayers
- ATO is Watching the Cash Economy
- ATO Fines to Increase
- Expansion on Single Touch Payroll Phase 2
- Hello 2023 - is it Time for a Business Health Check?
Home-based Business Expenses
For the small business owner claiming deductions for the costs of using your home as your main place of buisness
... read moreStarting a business
When starting a business & deciding which entity to use (sole trader, trust, company) we focus of 4 things
1-Asset Protection - protecting business owners assets
2-Income Tax Minimisation
3-Capital Gains Tax Minimisation - when selling / exiting
4-Exit / Sale of Business
Other considerations include – director wages & super, work cover, image, note that some businesses will only deal with a company/trust as opposed to sole traders
Make a free 30min no obligation appointment with us
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