At KSH Tax, we make accounting and bookkeeping simple for sole traders across Australia. Here’s what we offer you:
From as little as $150!
Our accounting packages for sole traders offer a complete solution for managing your business finances. Here’s what you can expect:
Enjoy the benefit of having a dedicated accountant who understands your business and provides tailored advice
Ensure your team is paid accurately and on time, with all compliance requirements handled
Stay compliant with regular BAS & GST filing, avoiding fines and complications
Minimize tax liabilities with strategic planning and prompt returns
Keep your financial records up-to-date and organized with our comprehensive bookkeeping services
We’ve partnered with Xero to offer industry-leading accounting software, making tasks like invoicing, expense tracking, and financial reporting a breeze
Our services start at just $150 per month, making professional accounting accessible to all sole traders
Get your tax returns and financial statements in as little as 24 hours
Manage your accounting needs from anywhere, without having to visit an office.
Your own dedicated accountant is assigned to handle all your accounting needs, ensuring personalized service delivery
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Don’t just take our word for it—hear from the businesses we’ve helped. Our clients trust us to simplify their finances and support their growth, and their feedback speaks volumes about our commitment to excellence.
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.
We are proud to work alongside industry leaders and recognized organizations that help us deliver exceptional service to our clients. Our partnerships reflect our commitment to excellence and quality in all that we do.
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Accounting
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