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Sole Traders' Tax Return Rate Accountant
Customer Reviews
Best service, and a good refund. This is my second year with Madeeha. Thank you so much!
Affordable Sole Trader Tax Return Rates and Accountant in Adelaide
The Kalculators are known for providing affordable sole trader tax returns for small/medium businesses in Australia. From only $110, we can help you regain control of your sole trader tax returns 2022, Adelaide.
One of the simplest forms of a business structure is a sole trader ship. An inexpensive structure with less complications and legal formalities. However, you will still be responsible for all the legal aspects of your business such as losses and debts that can’t be shared. As a sole trader, the income earned by your business is treated as an individual income, being solely responsible for any taxes the businesses pay. Moreover, if you carry on with your business, as a sole trader, you can also apply for an Australian Business Number (ABN) using this number for your business. However, please note, if your annual turnover is $75,000 or more, it is mandatory for you to register for Goods and Services Tax (GST).
Book a consultation, and leave the rest on us!
We provide the following tax accounting services
Fixed Pricing
Before we do anything, we’ll let you know exactly what it’s going to cost. The starting price is just $110 for a sole trader tax return, Adelaide! We’ll let you know upfront if it’s going to cost any more.
Maximum ATO Refunds
Our Tax Agent Pros are trained and experienced in securing maximum ATO refunds, claiming all available entitlements. If you want to get more on your tax return, then give us a call now.
Quick & Easy Appointments
With 7 offices across South Australia, we can book you in at a branch and a time that suits you. Because we are open after hours and can arrange appointments on weekends, seeing one of our accountants couldn’t be easier.
ATO Interest & Penalties
We can advise and act on your behalf for the remission of interest charges. Not sure what this means? Just shoot us a message and we’ll be happy to explain.
24/7 Support
We’ll help you with timely tax-saving tips, late filings, amendments to your tax returns and more. Our offices are open on weekends and after hours. Call us anytime, use live chat, or schedule an appointment online.
Qualified Tax Agents Adelaide
Our team is composed of highly qualified registered tax agents and chartered accountants in Adelaide. We have over 8 years of experience in accounting and tax preparation. We guarantee you will benefit from our professional services.
Kirandeep Kaur
Adelaide, Australia
5.0
Range of useful information, friendly staff, wish-out rate beyond 5 out of out. Don’t think before you choose to come in here. Highly recommended ✨
How can we help?
$110 “Sole Trader Tax Return” …. just a beginning
Should you have any general queries, feel free to give us a call on
08 7480 2593 or simply send us an Email.
- Business Structure
- Australian Business Registration
- Income Tax Preparation
- Goods and Services Tax (G.S.T)
- Cashflow Management
- Bookkeeping Solutions
- Capital Gains Tax
- Bas Preparation
- Superannuation Tax Advice
- Sole trader tax return starting at $110 only
Book an appointment
AFFORDABLE
Professional services at reasonable prices.
Fast
Quick appointments and rapid refunds
HASSLE-FREE
No complicated forms and no drama
Frequently Asked Questions
As a sole trader, am I still required to lodge a tax return, if there has been no revenue?
Yes! Even if your income is below the threshold level, you must file a tax return if you conduct your firm as a single trader.
As a sole trader, how much tax do I have to pay?
A sole trader company is taxed at your income tax rate, which can range from 19 to 45 percent (in 2022).
| Taxable income | Tax on this income |
|---|---|
| 0 – $18,200 | Nil |
| $18,201 – $45,000 | 19 cents for each $1 over $18,200 |
| $45,001 – $120,000 | $5,092 plus 32.5 cents for each $1 over $45,000 |
| $120,001 – $180,000 | $29,467 plus 37 cents for each $1 over $120,000 |
| $180,001 and over | $51,667 plus 45 cents for each $1 over $180,000 |
| Taxable income | Tax on this income |
What is included in my tax return as a sole trader?
As a sole trader, your tax return includes the following:
- Individual tax return, as well as the additional section.
- Schedule of business and professional activities for individuals.
Report the following in your return:
- Your net business income minus any business tax deductions you may be eligible for.
- Other revenue, such as salary and earnings (as determined by a payment summary or financial statements), dividends, and rent, less any deductions.
How do I file a tax return as a sole trader?
You can file your lone trader tax return in the following ways:
- MyTax, which can be accessed through myGov, is available online. You may file your tax return at any time using any device.
- The Kalculators, for example, is a registered tax agent.
How long does it take for my sole trader tax return to be filed?
In most cases, the turnaround time is less than 10 business days.
As a sole trader, what deductions am I eligible for?
Here is a list of operation expenditures you can claim in the year you incur them, according to the ATO:
- Marketing
- Bad debts
- Expenses for a home office
- Charges from the bank
- Expenses for business vehicles
- Traveling for business
- Education and training are important
- Professional affiliations
- Healthcare
- Interest
- Bills for telephone service
- Repair and maintenance
- The expense of tax preparation
When must a sole trader file a tax return with the ATO?
For sole traders, tax returns are due by October 31 unless you lodge through a licensed tax accountant.
Do I have to file a tax return if I have NIL income?
You won't pay tax if your income is below the tax-free level. You will not be required to file a tax return, but you may be eligible for a refund of any taxes you may have paid. To get that money, you'll need to file a tax return.
How you can contact us at The Kalculators?
Visit us at https://thekalculators.com.au/ or call us at 08 7480 2593 for a chat or to set up a meeting.
LOCATIONS WE SERVE
- Wattle Park, Adelaide, Australia
- Sturt, Adelaide, Australia
- Ironbank, Adelaide, Australia
- Brahma Lodge, Adelaide, Australia
- Willaston, Adelaide, Australia
- College Park, Adelaide, Australia
- Salisbury Downs, Adelaide, Australia
- Brahma Lodge, Adelaide, Australia
- Wattle Park, Adelaide, Australia
- Wattle Park, Adelaide, Australia
- Brahma Lodge, Adelaide, Australia
- Salisbury Downs, Adelaide, Australia
- College Park, Adelaide, Australia
- Willaston, Adelaide, Australia
- Brahma Lodge, Adelaide, Australia
- Ironbank, Adelaide, Australia
- Sturt, Adelaide, Australia
- Wattle Park, Adelaide, Australia
Professional & certified tax accountants Adelaide Contact The Kalculators today!
