Sole Traders and Consultants

Individuals who operate a business, be they trading or in services, are subject to their own set of rules. For instance, did you know:

  • Many deductions which you would normally considered to be allowable are not?
  • There is much more substantiation involved?
  • There is a risk that people who operate their personal business through a company will be taxed personally instead?
  • If you are GST registered, only the GST on expenses relating to your business can be claimed?
  • The ATO is cracking down on loss making businesses and doing more data matching?

Interested in Sole Traders and Consultants?

You should seek advice on how your current business or next venture will be treated tax-wsie. We are here to help by accurately preparing your annual obligations, other compliance work, bookkeping and most importantly provide certainty on your business tax result. Contact us to find out more.