Individual & Sole Trader Tax Returns

Your tax return is the one piece of paperwork every year that can put money back in your pocket – or cost you, if something is missed. We prepare and lodge personal tax returns for employees, investors and sole traders, and we check every deduction you are entitled to so you don't overpay.

What it costs

Fixed fees for standard returns, inclusive of GST, from our price list:

Return	Fee
Individual tax return – TFN only (salary, wages, bank interest)	from $220
Individual tax return – with an ABN (sole trader or contractor)	from $330
Each investment property schedule	additional $99
Pay our fee out of your refund	$44
Consultation about work-related expenses and a tax estimate	from $110
Return Not Necessary notice	$55
Medicare levy exemption certificate	$77

If your return is more complex – several properties, overseas income, capital gains or prior years to catch up on – we will tell you the fee before we start.

How it works

1. Get in touch. Send the form below, call us, or come in to our office in Bondi Junction. We work with clients across Australia remotely as well.
2. Send your documents. We tell you exactly what we need – most of the income figures we can retrieve directly from the ATO once you authorise us as your tax agent.
3. We prepare the return. We go through your deductions with you and ask about anything that looks missing.
4. You approve, we lodge. You see the result before it goes to the ATO, and we lodge it electronically.

What to have ready

• Your tax file number, and your ABN if you have one
• Income from anything not reported to the ATO by an employer – for example cash work, tips or overseas income
• Receipts or records for work-related expenses, a car logbook or kilometres diary, and a record of hours if you work from home
• Your private health insurance statement
• Rental property income and expense statements, and records of any shares or crypto you sold
• Sole traders: your business income and expenses for the year – your bookkeeping file, or bank statements and invoices if you don't keep one

Our tax time checklist goes through this in more detail.

When it is due

The Australian income year runs from 1 July to 30 June. If you lodge your own return it is usually due by 31 October. If you are on a registered tax agent's list before then, your due date can be later – for many people as late as 15 May the following year, depending on your lodgement history. Talk to us before 31 October if you want the later date.

For sole traders

Running a business as a sole trader keeps things simple – you report the business on your own return – but it brings obligations an employee doesn't have:

• Tax is not taken out for you. Once your business income is established the ATO may put you on PAYG instalments; either way, plan to set money aside as you earn it.
• GST. You must register once your turnover reaches the GST threshold, and then lodge Business Activity Statements.
• Records. You need to keep records of income and expenses for five years. Simple bookkeeping makes tax time quicker and cheaper.
• Is it still the right structure? As income grows, a company or trust can make more sense. The sole trader structure and ABN vs TFN explain the trade-offs, and we can review your structure with you.

Questions people ask

Looking for company, trust, partnership or SMSF returns? See tax returns for every entity.