Sole Traders using bank statements

What information do I need to provide prior to my appointment?

If you haven't entered your business transactions into bookkeeping software eg Xero or into an excel cashbook we will prepare your tax return using bank statements and supporting documentation.

We don't recommend face to face appointments for most sole trader tax returns because they are too complex and time consuming to be done on the spot.

Step 1
Download your bank transactions for the full year (01/07 - 30/06) into a .csv file

Tip - have a dedicated business bank account so we don't have to waste time sorting through your private transactions

What deductions you can claim (link)

Step 2
Email us
- your csv file (from step 1)
- purchase and finance documents for any assets under finance eg cars

Step 3
We will sort and review your transactions to determine your net business income
We will then email you with our queries and once resolved we finalise your tax return and email it to you.

 

Cars
Please provide the following information for each car used in your business
-make & model
-owner
-driver
-business use % (log book)