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Sole Trader – Business Tax Returns.

Unlocking Tax Benefits for Sole Businesses: Expert Guidance from Bottrell Accountants & Financial Planners (Supporting Sole Traders, Partnerships, Companies & Trusts).

With a formidable presence in Newcastle, East Maitland, Gold Coast, and Gosford, Bottrell Accountants & Financial Planners stands as a leading taxation experts, ensuring that every tax change is thoroughly understood to shape rather than break small businesses.

If your business operates as a sole trader, partnership, company or Trust, our specialised small business services are designed to streamline your finances and provide comprehensive support year-round.

Our Tax Return Meetings are provided by:-

  • In Person (In Our Offices)
  • By Zoom, Teams or Google Meetings
  • Online (By Email)
  • Mobile Tax Returns

Why Choose Us:

  • Year-Round Support: Don’t miss out on opportunities to claim deductions; our year-round support ensures that your business stays financially optimised.
  • Expertise: We are sole trader and small business experts, equipped to navigate the intricacies of your unique financial landscape.
  • Tax Solutions for Your Business: Sole Traders, Partnerships, Companies & Trusts.
  • Business Tax Returns – Annual Tax Compliance – Tax Returns, BAS (Business Activity Statements), TPAR (Subcontractor Statements).
  • Comprehensive Services: Beyond being your one-stop tax shop, we offer a range of small business services tailored to your specific needs.

Discussion points within your Tax Returns:

  • BAS Services: Bottrell Accountants, Tax Agents & Financial Planners – Preparation & Lodgement.
  • Professional Bookkeeping & BAS Services: Control your cash effectively with our professional bookkeeping and BAS services, ensuring your business operates smoothly and compliantly.
  • Instant Asset Write Off: Seize the benefits of the instant asset write-off by booking your tax appointment today.
  • Efficiency for Your Business: Streamlined Processes: Spend less time on tax and more time focusing on your business by leveraging our ReceiptHub, a cutting-edge receipt tracker app.
  • Appointments: Whether in-office, over the phone, or via email or our Mobile Service, our services are designed for your convenience.
  • Tax Benefits for Small Businesses: Small businesses can capitalise on various tax benefits, including:
  • Immediate Deduction of Assets: Claim an immediate deduction for assets costing less than $20,000.
  • Energy Incentive: A small business energy incentive introduced for the 23/24 tax year.
  • Reduced Corporate Tax Rate: Enjoy a reduced corporate tax rate of 25% for companies or a 16% discount up to $1,000 for unincorporated businesses.
  • Simplified Trading Stock Rules: Streamlined rules, allowing you to choose not to do a stocktake if your trading stock’s value has not changed by more than $5,000 over the year.
  • Immediate Deductions: Available immediate deductions for prepaid business expenses costing less than $1,000 and certain business start-up costs.
  • Capital Gains Tax Exemptions: Exemptions or reductions on capital gains tax from the sale of a business, based on ownership period and age.

At Bottrell Accountants & Financial Planners, we are dedicated to empowering sole traders and small businesses with tailored financial solutions. Book an appointment at your nearest office today to explore how we can help your business thrive in the ever-evolving financial landscape.

Addressing Mistakes:

  • If you realise a mistake in your tax return, don’t panic. It’s a common occurrence, and the key is to address it promptly. Ensuring meticulous information gathering and supporting documentation when filing your tax return is essential. Only claim genuine deductions to avoid penalties and potential prosecution by the ATO. If you self-lodge and identify inaccuracies or unsubstantiated claims, contact Bottrell Accountants & Financial Planners immediately for assistance in making necessary amendments.

For any further questions regarding your tax return, reach out to Bottrell Accountants & Financial Planners. Our experienced consultants are ready to help. Call us at 02 4027 5782 for details or book an appointment online at your nearest office.

What happens if I make a mistake in my tax return?

Exercise caution when assembling information and supporting documentation. Only claim genuine deductions to avoid penalties or prosecution. If you realise errors, promptly contact your accountant for necessary amendments.

About Bottrell Accountants, Tax Agents & Financial Planners

Our Accountants office, founded by Director Gavin Bottrell in June 2012, offers a range of advice services, including Personal Tax Returns, accounting, SMSF, business advice, and business growth to small, medium, and large businesses as well as individuals across Australia.

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Office Locations

Main website – www.bottrellaccounting.com.au

Bottrell are your local team providing expert Tax Advice, Accounting, Audit, Bookkeeping, SMSF & Financial Planning services.

Contact us Today!

Contact us today at Bottrell Accounting. Our dedicated team is ready to assist clients like you. Call us at 4933 6888 to schedule an in-person, phone, email or Zoom appointment.

Your financial well-being is our priority.

 

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