Sole Traders & Freelancers
The Sole Trader Accountant Who Actually Responds
Tax returns, BAS, deductions and structure advice — we handle your accounting so you can focus on your business.
Running your own business as a sole trader means wearing every hat — including accountant. ANH Accounting takes the accounting off your plate entirely, handling tax returns, BAS, deductions and business growth advice for sole traders and freelancers across Sydney.
The accounting challenges sole traders & freelancers face
We have seen these issues repeatedly — and know exactly how to resolve them.
Separating personal and business expenses
One of the most common audit triggers for sole traders is mixed personal and business expenses. We establish clean record-keeping from day one and ensure your claims are defensible.
GST registration and BAS
Once your turnover hits $75,000, you must register for GST and lodge BAS quarterly. We handle registration, ongoing BAS preparation, and ensure you are never caught short.
Super contributions as a sole trader
Sole traders have no employer super — your retirement savings depend on voluntary contributions. We advise on tax-deductible super contributions and the most effective strategy for your income level.
When to move to a company structure
At a certain income level, operating as a sole trader costs you more in tax than a company structure. We model both options and tell you exactly when the switch makes financial sense.
What we do for sole traders & freelancers
- Annual tax returns
- BAS preparation & lodgment
- Xero bookkeeping setup
- Business deductions review
- Business structure advice
- Super contribution planning
- ABN and GST registration
- ATO correspondence
What you can expect
Every legitimate deduction captured
BAS lodged correctly and on time
Clear separation of personal and business finances
Ongoing advice on structure as your business grows
Why sole traders & freelancers choose ANH Accounting
Start with a free 30-minute session
We review your situation, identify savings opportunities, and outline exactly what we can do for your sole traders & freelancers business — no charge, no obligation.
After hours & weekend appointments available
Common questions from sole traders & freelancers
When does a sole trader need to register for GST?
You must register for GST when your turnover reaches or is expected to reach $75,000 in a 12-month period. If you are a taxi or ride-share driver, GST registration is required from the first dollar. Once registered, you must lodge BAS quarterly (or monthly if preferred) and remit the GST collected on your sales.
What can sole traders claim as tax deductions?
Deductible expenses include vehicle use (logbook or cents-per-kilometre), home office expenses, phone and internet (work proportion), professional memberships and licences, training and education, tools and equipment, advertising and marketing, accounting and professional fees, and travel for work purposes. The key rule is that expenses must be incurred in earning assessable income.
When should a sole trader switch to a company?
The company tax rate is 25% for base rate entities, compared to your marginal personal tax rate which can reach 45% plus Medicare. As a rough guide, once your net business profit consistently exceeds $80,000–$120,000, a company structure may provide meaningful tax savings. However, there are costs and administrative obligations involved. We model both options for your specific situation.
Do I need an accountant as a sole trader?
Not legally — but practically, yes for most businesses. An accountant ensures your deductions are maximised, your BAS is correct, your structure is optimal, and you receive proactive advice when tax law changes affect you. The fee typically pays for itself through deductions found and mistakes avoided.
Ready to get your accounting handled properly?
Book a free 30-minute session with ANH Accounting. We'll review your current situation, find opportunities, and tell you exactly what we can do for your sole traders & freelancers business.
Registered Tax Agent RN 26258346 · IPA · IFA · CPA · CA · Xero Certified · Est. 2018