We understand that sole traders face unique challenges when it comes to managing their business income and tax obligations. What can your business consider to be tax deductions? Or what business tax can you claim? Needless to say, tax rates can be challenging and overwhelming to navigate.
In some cases, tax debts can quickly accumulate, and it can be difficult for sole traders to guide the complex individual tax return process and tax system alone. That’s why our team at Tax Negotiators provide expert assistance to help sole traders who are struggling with their tax debt.
Are you struggling with sole trader tax debt? Call the Tax Negotiators for help.
Which Sole Trader Tax Return Do You Need Help With?
Companies have the option of paying taxes on a monthly, quarterly, or yearly basis. Learn which tax return you need help with and let our knowledgeable team at Tax Negotiators assist you with your own tax return.
- Company Tax Returns (Income Tax)
- Goods and Services Tax (GST)
- Capital Gains Tax Return
- Payroll Tax Return
Use Tax Negotiators – A Registered Tax Agent Team
We can assist all sole traders with managing their tax obligations, reducing tax debt, and ensuring they pay the correct amount of tax on their business profits.
Tax Negotiator tax agents provide expert guidance throughout the entire tax process, including helping you in understanding your taxable income, and the goods and services tax (GST) requirements. They can assist with preparing and lodging the sole trader tax return on time, claiming all eligible deductions and credits, and ensuring compliance with relevant tax laws.
Our team offers knowledge and expertise on how to reduce certain tax liabilities and manage tax debt effectively. This includes negotiating with the tax office, developing payment plans, and providing ongoing support and guidance.
When you work with Tax Negotiators, sole traders can be confident that their tax affairs are in order, their GST obligations are met, and they are not at risk of accruing significant tax debt.
Struggling To Pay Your Sole Trader Tax Debt?
There are a number of options available to sole traders if they find themselves in tax debt for management and repayment. Some of these methods may be:
A Tax Payment Plan with the Australian Taxation Office
Our team can help the sole trader by arranging to contact the Australian Taxation Office (ATO) to receive a payment plan to spread out the payment of the tax debt over a certain period of time. You repay an agreed-upon quantity of money either weekly, fortnightly, or monthly until your tax debt balance has been settled.
Tax Debt Relief Loans
Gaining a tax relief loan may help sole traders by providing a small cash advance that may be used to pay off their tax obligations before the given tax time deadline. Protecting yourself from higher interest rates and incurring late tax lodge fines.
Seek Professional Advice on your Tax Returns
Let Tax Negotiators assist you in exploring all of your possibilities and helping you to choose how to handle your tax debts so when it’s time to pay tax for your small business or make a personal income tax return – we’ll be working with you.
Get Expert Help Repaying Sole Trader Tax Debt
Understanding your financial responsibilities as a sole trader, including the need to file for an Australian Business Number (ABN) and pay income tax if you earn over $18,000, is a fundamental element of being a business owner.
At Tax Negotiators, we offer expert advice and guidance to sole traders on all aspects of taxation, including strategies to reduce your tax bill and navigate complex issues such as capital gains tax. We understand that tax time can be stressful, so we’re here to support you every step of the way, from preparing your tax return to negotiating with the Australian Taxation Office on your behalf.
Contact Tax Negotiators Today for Tax Debt Help
Our team of professionals can provide expert advice on all aspects of business taxation, including strategies to minimise your tax liability and reduce your risk of accruing sole trader tax debt. We offer free consultations to help you understand your financial challenges and develop a plan to achieve your business goals.
To book your consultation today, simply email us at help@taxnegotiators.net.au or call us on 02 4039 8276. Let us help you navigate the complexities of taxation and take control of your business finances.