Sole Traders using Xero

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

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
Make sure your Xero file is reconciled up to 30 June

Step 2
Invite us into your Xero file - we will send you an email with instructions

Step 3
Provide us with the following:

1-bank statements (including credit cards) @ 30 June
2-assets under finance - documents for all new assets purchased during the year which are under finance

Upon starting your job we will do some checks - if we find errors / items that need reconciling we will let you know. You will have 3 options

1-fix the Xero file yourself
2-have our bookkeeper, Arrow Bookkeeping, fix your Xero file @ $88/hr - we will oncharge the bookkeeping fees onto you - we will provide a fee estimate before starting any bookkeeping work
3-have your own bookkeeper fix the Xero file

Step 4
We will review your Xero file 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)