Simplify Your Finances with Our Affordable Accounting Services for Sole Traders
At KSH Tax, we make accounting and bookkeeping simple for sole traders across Australia. Here’s what we offer you:
- Dedicated accountants specializing in personal and small business finances
- Online accounting services
- Tax returns & advisory, bookkeeping, payroll processing, BAS lodgment & tax reduction strategies
From as little as $199!
We Have Comprehensive Accounting Packages Tailored for Sole Traders
Our accounting packages for sole traders offer a complete solution for managing your business finances. Here’s what you can expect:
Tax Returns & BAS Lodgment
Get assistance with accurate tax preparation, compliance, and BAS lodgment
Bookkeeping Services
Keep your financial records up-to-date and organized with our comprehensive bookkeeping services
Dedicated Accountant
Enjoy the benefit of having a dedicated accountant who understands your business and provides tailored advice
Xero Accounting Software
We’ve partnered with Xero to offer industry-leading accounting software, making tasks like invoicing, expense tracking, and financial reporting a breeze
Our services cover all the essential accounting needs for sole traders and small businesses, including:
- Sole Trader Bookkeeping & Tax Services: Comprehensive bookkeeping services to keep your records in order and ensure timely tax lodgment.
- BAS Lodgment & GST Reporting: Helping you stay compliant with all tax obligations.
- Payroll Tax and Superannuation Compliance: Ensuring you meet your employee-related obligations.
- Financial Reporting & Advisory: Providing insights into your business performance and actionable advice.
Ready to simplify your accounting? Book your free consultation today and get a custom quote tailored to your needs
Here’s What Sets Us Apart From Other Small Business Accountants in Australia
Affordable Rates
Our services start at just $199 per month, making professional accounting accessible to all sole traders
Fast Turnaround
Get your tax returns and financial statements in as little as 24 hours
Online Services
Manage your accounting needs from anywhere, without having to visit an office.
Dedicated Accountant
Your own dedicated accountant is assigned to handle all your accounting needs, ensuring personalized service delivery
Not to Mention Our Accountants Are Experts in Australian Tax Laws
Our expert accountants know Australian standards inside and out, ensuring all your financial matters are handled with precision and in line with the latest regulations
What Our Clients Are Saying About Us
Get Started in 3 Simple Steps
Book a Free Consultation
Schedule an online session with one of our expert accountants
Meet Your Dedicated Accountant
Discuss your accounting needs and get acquainted with the Xero platform
We'll Take Care of the Rest
We’ll handle your bookkeeping and accounting while you focus on growing your business
Ready to simplify your accounting? Book your free consultation today and get a custom quote tailored to your needs
Let's Clear Up Some Common Accounting Questions
Sole traders can claim a wide range of deductions to lower their taxable income, including business-related vehicle expenses, office supplies, home office costs, and even certain utilities. If you operate from home, you may be eligible for home-based business deductions, such as rent or mortgage interest for the portion of your home used for business. Consulting with a tax accountant ensures you maximize these deductions and comply with the ATO’s guidelines.
Using digital accounting tools such as Xero or MYOB, along with hiring a professional accountant, makes bookkeeping simpler for sole proprietors. These tools allow you to track income, expenses, and receipts automatically, reducing human error and saving time. A professional accountant can also help automate record-keeping, ensuring that all necessary documents are stored and organized, making tax time stress-free.
When selecting an accountant for personal finances, individuals should consider the accountant’s qualifications, experience, and familiarity with Australian tax laws. It’s important to find someone who understands your unique financial situation, whether you have investment income, rental properties, or other specific needs. Look for an accountant who offers personalized services, communicates clearly, and provides ongoing support to help you navigate your financial goals and obligations.
Sole traders must ensure they register for an Australian Business Number (ABN) and file their tax returns accurately. Additionally, if their turnover exceeds $75,000, they are required to register for Goods and Services Tax (GST). Accurate record-keeping and compliance with Australian Taxation Office (ATO) guidelines are crucial to avoid penalties. A professional accountant helps manage these obligations and ensure compliance throughout the financial year.
Individuals in Australia can claim various tax deductions to reduce their taxable income, such as work-related expenses, donations to charity, and costs associated with managing tax affairs. Specific deductions may include vehicle expenses, home office costs, and self-education expenses. It’s crucial to keep detailed records and receipts for all deductions claimed. Consulting with a tax professional can help ensure you’re maximizing your eligible deductions and staying compliant with ATO regulations.
Using digital accounting tools such as Xero or MYOB, along with hiring a professional accountant, makes bookkeeping simpler for sole proprietors. These tools allow you to track income, expenses, and receipts automatically, reducing human error and saving time. A professional accountant can also help automate record-keeping, ensuring that all necessary documents are stored and organized, making tax time stress-free.