Tax and Accounting services for Sole Traders
Whether you are just starting out as a solopreneur or considering the next stage of growth of your business, we are here to provide the support you need every step of the way.
Our services are tailored for individuals whose primary income comes from a sole trader activities or from a combination of employment and ABN income. We focus on proactive planning for tax time, helping you avoid any unpleasant surprises or unexpectedly large tax bills.
Would you like a quick chat to see how we can help your business? – Contact us today for a quote and more information.
GST & BAS
We help you figure out if you need to register for GST, it’s mandatory if your turnover exceeds $75,000 or if you provide taxi travel (including Uber or DiDi) from the start.
We take care of your BAS (Business Activity Statement) preparation and lodgment, so you stay compliant.
You will get expert advice on how to claim GST credits on your business expenses.
Bookkeeping
We will help you chose and set up the most suitable accounting system of your choice (e.g. Xero, Myob, Quickbooks, Recon etc.)
We offer setup and training on the accounting systems use to make bookkeeping easy. You will stay on top with your cashflow using smart invoicing technics and bank reconciliations
We can help automate processes to ensure maximum efficiency.
Deductions
We identify allowable deductions (home office, vehicle expenses, tools, equipment, etc.) so you don’t miss out on tax savings.
If you are planning a big purchase we will help you time it right to maximize tax benefits.
You will be provided with the guidance on claiming tax deduction for personal super contributions.
If you work with contractors, we’ll ensure ABN checks are in place to keep you compliant and avoid ATO penalties.
Annual Tax Returns
We handle the preparation and lodgement of your annual tax returns with the ATO
If you need to prepay tax through PAYG instalments throughout the year, we help you understand your obligations and avoid surprises.
We also review your business structure to ensure it is still working in your best interest.
Business Structure Advice.
We also go through everything with you so you actually understand your return, not just sign and hope for the best.
Business Structure Advice
We provide a review whether remaining a sole trader is the best option and help you analyse pros and cons.
We will guide you on transitioning to a company or trust for asset protection and tax efficiency.
You will get clear understanding of legal liabilities and compliance requirements for different structures so you can make informed decisions.
ATO Compliance & Support
Assisting you with audits., lodging amendments, and managing queries from the ATO, including reviewing documentation
Preparing supporting evidence, responding to ATO on your behalf.
Got a letter from the ATO and not sure what to do? Don’t panic — just call us first. The ATO can feel intimidating but most situations are very manageable when dealt with early.
Do you have an overdue BAS?
Don’t stress — we can help you get back on track.
Are you a sole trader in Sydney looking for an accountant who actually understands your situation?
At TCBS Accounting & Advisory we specialise in helping sole traders and self employed individuals across Sydney manage their finances, minimise their tax and stay on top of their ATO obligations.
From ABN registration and bookkeeping to tax returns, BAS lodgements and proactive tax planning — we offer everything a sole trader needs in one place with clear fixed fees.
Whether you are a freelancer, tradie, consultant, small business owner or just starting out on your own — we are here to make sure your finances are in order, your tax is minimised and you always know where you stand.
Based in Ermington and working with sole traders across Sydney and Australia — we would love to help.