Tax return with ABN income
For sole traders and contractors: business income and expenses, assets, and the right PAYG instalments for next year.
What's included
- Your individual return with the business schedule
- Business income and expenses, including motor vehicle, home office and equipment
- Depreciation and the instant asset write-off where it applies
- Personal services income rules checked for contractors
- Super contributions claimed as a deduction, where you have given your fund the notice
- PAYG instalments for next year checked so you are not short at tax time
How it works
- 1Book a call and agree the scope and fee
- 2We send a short checklist and set up secure access
- 3Your account manager prepares the work
- 4A partner reviews it, and we go through it with you
- 5You sign, and we lodge
Questions
Common questions
General information only, not advice for your situation. Rules change; we check what applies to you.
When should I move from sole trader to a company?›
Usually when profits pass the point where your personal tax rate is well above the company rate, or when you need protection from business risk. Our comparison calculator gives a first view, and we look at your situation before you change anything.
Do I need to register for GST?›
Yes, once your GST turnover is $75,000 a year or more, or if you drive a taxi or ride-share whatever your turnover.
What is personal services income?›
Income mainly for your own skills or effort. If the rules apply, some deductions are not allowed and you cannot split income with family. We test it for you.
Related
Individual tax return
Wages, investments, shares and super income, with every deduction you are entitled to and nothing you are not.
Rental property schedule
Rental income and expenses, interest, depreciation and capital works, for each property you own.
Capital gains tax
Sales of shares, property, crypto and business assets, with the discounts and concessions applied correctly.
Talk to us about this service
Confidential · No obligation · Registered tax agent 26173619