Expert Sole Trader Accountant Services

Specialised tax, structure, and growth advice for independent contractors and small business owners.

⟶ Schedule a call

Proactive accounting support for modern sole traders

Running a business as a sole trader gives you flexibility and independence, but it also means you are responsible for every financial moving part. From managing income and expenses to preparing for tax time and planning ahead, having the right accounting support can make your business easier to run and easier to grow.

At Coleman Financial Group, we provide sole trader accountant services designed to support business owners with practical advice, accurate reporting and ongoing financial guidance. Whether you are newly self-employed or looking to strengthen the way your business operates, we help you stay organised and make informed decisions throughout the year.

Schedule a call ⟶
Darcy

Clear advice. Personal support. Built around your business.

As a sole trader, you need accounting support that fits the way you work. Our approach is designed to give you dependable guidance, straightforward communication and support that keeps pace with your goals.

  • Support tailored to sole traders: We work with business owners who need accounting advice suited to sole trader structures, day-to-day operations and individual financial goals.
  • Practical financial guidance: Our advice focuses on what is useful in real business situations, from tax planning and record keeping to cash flow and business performance.

A relationship you can rely on: We take the time to understand your business and how you work, so our support remains relevant as your needs change over time.

Accounting services designed for sole traders

Good accounting support helps sole traders do more than stay on top of compliance. It also helps create better visibility around income, business expenses and the financial decisions that support long-term progress.

We work with sole traders who want accounting support with:

  • Tax planning and tax returns
  • Business income and expense tracking
  • Cash flow management
  • Bookkeeping support
  • Financial reporting
  • GST and registration guidance where required
  • Advice on business structure and future growth
  • General accounting support throughout the year
Learn more ⟶

Aligning your business success with your personal wealth

For a sole trader, your business is often your primary vehicle for building long-term wealth. Because we are a multi-disciplinary firm, our sole trader accountant services go beyond just tax. We look at how your business income impacts your ability to secure a mortgage or plan for retirement.

We provide a holistic view of your finances, ensuring that your hard work as a business owner translates into tangible personal financial security.

Need help managing your regular activity statements? View our BAS accountants service page for specialised reporting support.

Learn more ⟶

Build your business with accounting support that works for sole traders

The right accounting support helps sole traders feel more organised, better informed and more prepared for each stage of business. From tax obligations to everyday financial decisions, having an experienced accountant by your side can make a real difference.

At Coleman Financial Group, we work with sole traders who want steady support, practical advice and accounting services that grow with their business.

Learn more ⟶

Frequently Asked Questions

Is a sole trader tax return different from a personal one?

No, you do not lodge a separate tax return for your business. As a sole trader, your business income is treated as your individual income. However, you must include a “Business Schedule” within your personal tax return to detail your professional income and expenses.

What business expenses can I claim as a sole trader?

You can claim any expense directly related to earning your business income. Common deductions include equipment, tools, professional insurance, and marketing. If you use assets for both personal and professional use, like your phone, internet, or motor vehicle, you can only claim the “business use” percentage.

Do I need to pay myself a wage?

Technically, no. As a sole trader, you aren’t an employee of your own business, so you don’t pay yourself a traditional salary or wage. Instead, you take “drawings” from the business account. It is important to remember that you are taxed on the total net profit of the business, regardless of how much money you choose to draw out for personal use.

How much should I set aside for tax?

Since tax isn’t automatically withheld from your business income, we recommend setting aside between 20% and 30% of your gross earnings in a separate account. The exact amount depends on your total annual income and tax bracket (which includes the 2% Medicare levy).

Can you help me set up as a sole trader?

Yes. We assist with the foundational steps of your business, including applying for an Australian Business Number (ABN), registering for GST if your turnover exceeds the $75,000 threshold, and setting up cloud-based bookkeeping. Starting with the right system ensures you stay organised and compliant from day one.

Do I have to pay superannuation as a sole trader?

You are not legally required to pay superannuation for yourself. However, making voluntary personal contributions is highly recommended for your long-term security. Furthermore, these contributions are typically tax-deductible (up to the annual concessional cap), which can significantly reduce your overall tax liability.

Your financial future starts with a conversation.

Ready to take the next step? Our team of financial planners, accountants and mortgage brokers are here to help you make confident, informed decisions — whatever stage of life you're in.

Click Here
Scroll to Top