FILE TAX RETURN FOR SOLE TRADER
Here at Akeri Tax, we aim to make lodging your sole trader tax return as quick and easy as possible. Get in touch with us either online or over the phone and we’ll take care of the rest. The average person doesn’t have to think too hard about their tax return. The majority of Australians are under the PAYG system, so they pay their taxes just as quickly as they make money. For a sole trader, things don’t work the same way. Being your own boss is a great thing, but it also comes with all same responsibilities you’d expect of any manager.
The big thing to take into account being a sole trader is that you are entirely and legally responsible for paying the tax you owe from the earnings you make. You are also in charge of taking care of the PAYG of anyone you might employ. That’s what Akeri Tax is here for, we can help you out, by making lodging your tax returns fast and easy. Many sole traders end up harming themselves and their business by not putting aside their taxes each year. This can get you into major trouble, so get in contact with Akeri Tax so you don’t run the risk of a fine.
Sole Trader Tax Returns – Done Fast & Professionally
Here are a few key facts to remember. Sole traders pay the exact same rate as any other employee, but you have to pay all the tax you owe yourself. The other important thing to remember is the date your taxes need to be lodged by. In Australia that date is the 31st of October. It’s the same every year, so make a note of it and don’t forget. Not to mention that at Akeri Tax we have all the tools to help you subtract any business expenses or other deductions from your return.
The big issue with doing sole trader taxes in Australia is that it can get really complicated if you don’t know the ins and outs of the system. Akeri Tax has been built with the busy sole trader in mind, we have systems in place specifically designed to make things easy for any sole trader looking to lodge their tax return. When you use our service you can rest easy, knowing that your taxes will be all taken care of within 24 hours. Not to mention using Akeri Tax is much more cost effective than paying hundreds for an accountant. If you want your taxes lodge quickly, easily, and at a great price, Akeri Tax is a must call. Get in touch with us today!
What do I need as a sole trader?
There are a few things you need to keep in mind when operating in Australia as a sole trader. The most important one is you know what your Australian Business Number is. Being a sole trader, you are required to have one of these so that you can receive the entirety of your payments from any business client. This isn’t just us suggesting this, this is a legal requirement set down by the federal government. Get in touch us, we can help you streamline the entire process of getting your tax returns done. On top of that, we might be able to help you get any extra deductions you might not normally be aware of. However, we do have to say that the other super important factor in filing your tax returns is that the income you state is accurate and complete. Should you fail to mention any earnings, you could be liable for a fine.
You need an ABN to quote to clients. Failure to do so can really cost you money. If you fail to quote your ABN to clients, you’ll find that they are required to withhold 46.5% of any payments that they make to you. It’s also worth mentioning that if you’re a sole trader who earns more than $75,000 in the tax year, you must register for GST. You are also responsible for your own superannuation, but the good news is you can claim tax deductions on these. If you have employees, make sure you know that you have to take care of the PAYG responsibilities. This includes reporting any staff you may have and paying the taxes on fringe benefits. In addition to being responsible for your own superannuation needs, you are also in charge of those for your employees. Lastly, you must know that you can claim tax deductions. What’s great about Akeri Tax is that we have a sole trader tax checklist available so you’ve got everything you need to get your affairs in order.
Sole Trader Tax Return New South Wales
Anyone in need of a help with doing their sole trader tax return in New South Wales should definitely get in touch with Akeri Tax. Whether you’re in Sydney, Wollongong, Newcastle or anywhere else in NSW, we can help take care of any headaches you might have. We can help you figure out deductions, how much you need to pay and anything else. The best part of our service is you won’t have to pay any the outrageous rates you might have to if you went to a normal accountant. Here at Akeri Tax, we make it our job to turn your taxes into a really simple process.
Sole Trader Tax Return South Australia
Sometimes it’s rough living in South Australia. When you can’t even rely on your lights being on all the time it’s good to know that you’re taxes are under control, and they will be with Akeri Tax. Any sole trader in Adelaide looking to do their tax returns should definitely get in touch with us, either online or over the phone. We can sort out your deductions, your payments, and can answer any questions you might have about your tax return. Plus we do it all at for a really competitive price. If you want your taxes taken care of quickly and easily by a professional team, contact Akeri Tax today.
Sole Trader Tax Return Queensland
If you’re operating as a sole trader in Queensland, taking the time to get in touch with Akeri Tax is a great idea. We’re fully equipped to deal with any issues you might have, so no matter if you’re from Brisbane or operating out of the outback give us a call today. If you need to know things like, what deductions you can make, how much you need to pay, what you need to do in regards to PAYG, we’ve got the answers. On top of all that, we won’t charge you an arm and a leg for our service. We want everything to be fast, easy and cheap. So if you’re looking to lodge your sole trader tax return and want a response in 24 hours, Akeri Tax is who you want to call.
Sole Trader Tax Return Victoria
No matter where you are in Victoria, Akeri Tax can help you with your sole trader taxes. That means anyone in Melbourne who needs some help with their tax return should take the time to call up the professionals. Whether you’re curious about what deductions you can take, or have general questions about PAYG, or just want to get them out of the way, we can help. And the best part is, you won’t break the bank by using our service. We make taking care of your sole trader tax return fast, easy and very affordable. So call us today!