Small business tax 101:
The ultimate guide
No nonsense, just savings: for sole traders, freelancers and anyone self employed
Taxes can be a real headache...
For all small businesses, but especially sole traderes, the End of the Financial Year (EOFY) can feel overwhelming. Balancing daily operations while managing business expenses, PAYG instalments, and banking activity statements (BAS) can be challenging.
But don’t worry – we’ve got your back.
Sole offers all the tools and resources you need to run a successful freelance business in Australia, including this handy guide.
Key Tax Terms
Quick guide on essential tax terms and dates...
Step 01Calculating your taxable income
Stay on top of your finances and avoid unexpected tax...
Step 02Claiming Business Expenses
Maximize your deductions to lower your tax bill...
Step 03GST for Sole Traders
Learn how to manage and pay GST effectively....
Step 04Managing BAS & PAYG
Simplify your tax payments throughout the year....
Step 05Filing Your Tax Return
Ensure you have everything you need for a smooth filing...
Step 06
Tax is easier with Sole
Small businesses and sole traders are required to make payments throughout the year. We at Sole are here to answer all your questions and give you a helping hand.
Start with Sole for Free
Manage your tax easily with Sole app
Automatic Tax Estimates: Know your tax obligations without the guesswork.
GST Tracking and BAS Preparation: Simplify your tax tasks.
Instant Tax Reports: Access detailed insights anytime.
Comprehensive Income and Expense Breakdowns: Keep a clear view of your finances.
Secure Data Sharing with Accountants: Seamless collaboration with your tax professional.
Attach Receipts to Expenses: Keep all your documents in one place.
