Enquire Now
Fill out the form below and we will get back to you as soon as we can.
Are you looking for cheap sole trader tax returns? Taxopia is a professional but affordable solution to comply with annual tax and accounting lodgements!
We have two options for Sole Traders:
Taxopia is Australian owned and based in Melbourne. We use state of the art solutions to ensure your sensitive company or trust tax information are kept safe and confidential. We minimise other costs through streamlined work procedures allowing us to provide you with cheap sole trader tax returns. Rest assured, at Taxopia cheap does not equate to low service or less qualified business tax accountants.
We can complete and lodge all of your annual business accounting and business tax return reporting, and even offer quarterly BAS solutions as well. Our extensive expertise allows us to provide more complex business tax advice for your sole trader business if required.
Learn more about sole traders here.
Being the simplest and cheapest business structure, a sole trader is an individual running a business. As a sole trader, you are the owner and you control and manage the business. Legally, as a sole trader, you are responsible for all aspects of the business, including its debts and losses.
Here are the key characteristics of a sole trader:
Under this business structure, you can employ people to assist in your business, but you must be aware of the legal obligations associated with hiring employees, such as:
As a sole trader, you declare your business income or loss as part of your personal income tax return and you are taxed at the same rate as an individual.
You will also need to register your business for goods and services tax (GST) if your annual turnover is estimated to be over $75,000.
You may also be required to start paying pay-as-you-go (PAYG) instalments as advised by the ATO. These instalments are pre-payments of your tax for the following year, and these tax credits will be credited against your next income tax assessment.
As a sole trader, you either use your own name or register for a business name with the Australian Securities and Investment Commission. To more information and to register for a business name, click here: https://asic.gov.au/for-business/registering-a-business-name/
A friendly reminder…
Please note that is a self lodgement service and does not include electronic lodgement by Taxopia. One of our qualified accountants will prepare your tax return, but it is your responsibility to print, sign & post to ATO to lodge.
If this option suits your needs, please click below to get started.
You’ve chosen the Taxopia Lite Package…
Please note that is a self lodgement service and does not include electronic lodgement by Taxopia. One of our qualified accountants will prepare your tax return, but it is your responsibility to print, sign & post to ATO to lodge.
If this option suits your needs, please click below to get started.
* Sole Trader Package pricing conditions, please take note the pricing excludes the following items; however, these services can be provided for an additional cost.
If any of these exclusions apply to your businesses, please contact us, and we would be happy to provide you with a customised quote.
* Premium Package pricing conditions, please take note the premium pricing excludes the following items; however, these services can be provided for an additional cost.
If any of these exclusions apply to your businesses, please contact us, and we would be happy to provide you with a customised quote for any additional work.
* Standard Package pricing conditions, please take note the standard pricing excludes the following items; however, these services can be provided for an additional cost.
If any of these exclusions apply to your businesses, please contact us, and we would be happy to provide you with a customised quote for any additional work.
* CONDITIONS to our Basic Tax Reporting Package for Partnership Tax Return ($400+ GST), excludes the following items:
If you do not qualify for this option, you will need to consider our Standard Tax Reporting Partnership Tax Return ($800+ GST) option.
Company or Trust Tax Return for Accountants & Bookkeepers
* BASIC PLAN ($400+ GST) CONDITIONS, excludes the following items:
* STANDARD PLAN ($800+ GST) CONDITIONS, excludes the following items; however, these services can be provided for an additional cost.
* Premium Package pricing conditions, please take note the premium pricing excludes the following items; however, these services can be provided for an additional cost.
If any of these exclusions apply to your businesses, please contact us, and we would be happy to provide you with a customised quote for any additional work.
* Standard Package pricing conditions, please take note the standard pricing excludes the following items; however, these services can be provided for an additional cost.
If any of these exclusions apply to your businesses, please contact us, and we would be happy to provide you with a customised quote for any additional work.
* CONDITIONS to our Basic Tax Reporting Package for Company or Trust Tax Return ($400+ GST), excludes the following items:
If you do not qualify for this option, you will need to consider our Standard Tax Reporting Company or Trust Tax Return ($800+ GST) option.
Fill out the form below and we will get back to you as soon as we can.