The ATO sole trader tax return applies merely to all the Australian sole traders. A sole trader is a person who operates their business solo and in their own name.
You’re entitled to your sole trader tax return only if you don’t meet the criteria of your company tax-return lodgement.
While presiding over as a sole trader is easy, meeting its tax return obligations is absolutely difficult. When we at Palladium Financial Group are there with you, completing your sole trader tax return Perth is as simple as that.
Importance of sole trader tax return lodgement
As a sole trader entity, lodging sole trader tax return is important even if your income is below the tax-free threshold. Our specialists will consider both GST and Income Tax while calculating your tax refund. They will also assist you to pay your taxes according to the personal income tax rate.
When paying tax as a sole trader in Australia, there are some circumstances you should be aware of.
Hire a tax accountant from our team in this matter.
Every Australian sole trader must pay tax at the personal income tax rate with a tax-free threshold of $18,200. Sole traders in Australia are entitled to certain income offsets. These include the following:
You’re also allowed to claim a deduction on any contribution which you had made to your superannuation. To yield the maximum benefits of your sole trader tax rate you need to hire a sole trader tax accountant from us. Be rest assured you’ll get the finest assistance instead.
To maximise your tax return effectively, hire a top-notch sole trader tax accountant from our team today. Following are the ways in which our tax accountant will maximise your tax return.
Now, maximising your sole trader self-assessment returns is simple once you hire our sole trader tax accountant.
So, do you also wish to file self-assessment tax return with professionalism? If so, then, hire one of our sole trader taxation consultants without a miss. There are many benefits which you can expect in return.
To get each of these advantages, contact Palladium Financial Group immediately.
Would you like to speak to one of our financial advisers over the phone? Just submit your details and we’ll be in touch shortly. You can also email us if you would prefer.
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