Sole Trader Accountant Brisbane
Running your own show means your business and your personal tax are tangled together. When your bookkeeping and your tax return are handled by the same local team, nothing gets missed and nothing surprises you at lodgement time.
Under One Roof Framework
Most businesses struggle with gaps between their bookkeeping records and tax agent lodgement. We bridge this disconnect directly, protecting your business from missed transactions, administrative errors, and processing delays.
- 100% Australian Office (No Offshore Outsourcing)
- TAP Supervised & Fully Insured Advisory Support (Tax Agent No. 26113206)
What Your Sole Trader Accountant Brisbane Checks in Your Tax Return
As a sole trader, your business and your personal finances run through the one ABN. That means your tax return has to bring both sides together properly, with everything reported the way the ATO expects.
Whether you’re trading full-time, working as a contractor, or winding things down, you still need to lodge every year. Here’s what our Slacks Creek team handles for you:
Checking Your Income
We match up your records against your bank feeds, invoices, and sales logs to 30 June, so every dollar you earned is accounted for.
Sorting Your Deductions
We go through your travel, home office costs, phone and internet use, and vehicle logbooks so every business expense is properly claimed.
Claiming Your Equipment
We work out what you can write off and what needs to be depreciated, so you claim everything you’re entitled to on tools, equipment, and tech.
Matching Your BAS and GST
We check your quarterly BAS against your final income statements so everything lines up and nothing gets flagged as a mismatch.
If your setup is a bit different, our Slacks Creek team can talk you through how it affects your return.
How Your Sole Trader Accountant Brisbane Prepares and Lodges Your Return
A lot of sole traders end up with a gap between their bookkeeping and their tax return. We close that gap, so nothing gets missed and nothing sits waiting for someone to notice.
Phase 1
Getting Your Records Together
We connect with your Xero or MYOB and pull together your balance sheet, trial balance, and key figures. If your books need tidying up first, our local bookkeeping team sorts that out before we start on your return.
Phase 2
Checking Your Books Line by Line
We go through your capital assets, personal drawings, wages against your Single Touch Payroll reports, and any outstanding super payments. Sorting these out now means your return is accurate and fully compliant when it’s lodged.
Phase 3
Going Over Your Return Together
We draft your return and sit down with you, online or in person, to walk through every deduction and answer your questions before anything is submitted.
Phase 4
Lodging Your Return
Once you’ve signed off, we lodge your return electronically through our secure portal. We keep an eye on it after that, handle any follow-up from the ATO, and let you know what to expect with payments or your refund.
Why Sole Traders Choose ABBS Tax as Their Sole Trader Accountant in Brisbane
We’re a real local team, not a call centre or an automated system. You get someone who actually knows your numbers.
No Offshore Outsourcing
Your paperwork stays right here in Australia. You can always speak directly with the person handling your return.
Under One Roof
Our tax team works alongside the ABBS bookkeeping team, so your accounts move straight into your return without anything getting lost along the way.
Reviewed Before Lodgement
Every return is checked by our team and reviewed under Tax Agent Pathway (TAP) supervision before it’s lodged with the ATO. Tax services are prepared under Tax Agent No. 26113206.
Qualified Local Advice
We’re right here in Slacks Creek. Come in for a face-to-face chat, or get straight through to us without waiting on hold.
What Our Clients Say
Trusted by Australian individuals and businesses alike.
Thanks to ABBS we managed to get all the books up to date and in no time, … and that took the weight off my shoulders so I could focus on developing my business and moving forward in a more organized and structured way, keeping on top of things every month which makes life much easier.
I can rest easy knowing that my business is in good hands, I have the confidence in the ability as a bookkeeper and the good faith in organizing me to succeed as a business owner. Thank You
In the early days I was trying to do my accounts and Bookkeeping myself with Xero and got into a horrible mess - and then along came my knight with his shining keyboard, Rob Boon. He took us on and we migrated to MYOB which was a bit of a learning curve for me, but I trusted Rob’s judgement and wasn’t disappointed.
Fast forward to 2020 - we have been able to focus on our growth without the distraction of the bookkeeping. Payroll has been added to the services Rob provides as our growth has meant we could commit to an apprentice to help with the extra workload and provide training for future tradesmen.
At first glance, the average joe would think the bookkeeping side of a business is easy - buy stuff, sell a service or product, invoice and it’s all done. Well, I discovered that wasn’t the reality. Rob and his team make that soooo much easier for us. We use an accountant Rob recommended to us as the two jobs are quite different - I see that now and have confidence that I can sleep at night knowing my business is in very safe hands.
If you don’t use Rob from ABBS for your bookkeeping, quite simply, you don’t know what a premium service you’re missing.
Frequently Asked Questions
Do I need to file a sole trader tax return if I did not make a profit?
Yes, if you operate under an active ABN as a sole trader, you must declare your business income and expenses on your individual income tax return using the supplementary section, even if your business operations recorded an overall loss or made no profit during the financial year.
What is the difference between a sole trader return and an individual tax return?
While both declarations are ultimately lodged on the same individual return form, a sole trader return requires supplementary business schedules to be calculated and attached. This includes declaring your specific business income, identifying claimable business deductions, and factoring in asset depreciation.
What documents do I need to prepare my sole trader tax return?
You’ll need to provide records of all business income (invoices and bank statements), business-related expense receipts, vehicle logbooks, home office utility bills if claiming home office deductions, and any capital asset purchase details.
How do I separate my personal and business expenses as a sole trader?
We recommend keeping a separate bank account just for your business. For shared overheads, such as mobile phone or internet contracts and private motor vehicle use, you must maintain diaries or logs to establish a verifiable business-use percentage.