Mint Accounts Services
Visit Us Daily
Melbourne 3000
Sole Trader
Sole Trader
You may run your business by yourself, but you don’t need to worry about your financial obligations on your own.
You must report all of your business income using your Tax File Number (TFN) and pay tax on your combined personal and business income with Pay-As-You-Go (PAYG) installments. If your business has employees, you’re liable for withholding from their wages and paying their superannuation. If your business earns over $75,000 once a year, you’ll get to collect and pay the products and Services Tax (GST) and lodge your commercial activity Statement (BAS) at a time directed by the Australian Taxation Office (ATO).
Choosing the proper accountant and bookkeeper for your business can assist you maximise your business income. As a sole trader, you’ll need help managing the finances of your business, also as your taxation obligations.
Tax Return Services
Contacts
Visit Us Daily
Melbourne 3000
Have Any Questions?
+1-800-456-478-23
Mail Us
info@mintaccountsservices.com.au