Sole Traders & Partnerships
Expert financial management for your business
Ashmans Accounting can assist you in exploring your options if you are considering setting up as a sole trader.
There are some circumstances when it might be more beneficial or tax efficient to set up as a partnership. We can advise you if this is the right option for you.
Once you’ve decided on a sole trader business or a partnership, we can advise you to ensure you are operating tax efficiently.
For small business owners, we’re much more than your one-stop tax shop. We offer additional services to keep your finances streamlined, and beyond small business tax returns, we can help you control your cash flow with professional bookkeeping and BAS services.Support for sole tradersWe can register you for an ABN as a sole trader and, if required, GST as well. We can also lodge any tax obligations required from these registrations going forward.Support for partnershipsOur team can assist you in setting up a new partnership TFN and ABN, and guide you as to how to manage your ongoing business and tax obligations.Ongoing business and accounting supportIn order to ensure your new enterprise is as tax efficient as possible, we can support you with record keeping to ensure you are claiming all of your entitlements. We can also provide professional bookkeeping services that enable you to run your business more efficiently.
Trusted Adelaide Accountants
I went to Joe after having problems with my previous accountant and he is a breath of fresh air. He is very professional, is very quick to
Have been using their business for the past few years and have always found their service to be polite, friendly, helpful and knowledgeable
We have been using Joe for over 6 years now for our family trust & business tax affairs. Throughout Joe has been delightful to deal with, n
We have been using Eureka Tax Services for the last 3 years and this year, after re-branding to Ashmans Accounting, we met the director of
I have had my taxes done here for 3 years now, but this year, I found a great young lady who helped me get my best return yet, even better,
I have been getting my tax done through these guys for a few years now and every time it is a smooth and easy experience. The staff are supe
Flexible options for service means I got my tax done even during covid restrictions. Dealt with Carol and Yolanda. Great people to make
i have used your organisation for my tax returns , since coming to Adelaide, about 13 years. i have always had excellent service on each occ
Service and help was absolutely fantastic! Yolanda, the receptionist was very helpful in providing assistance in booking, organising the
fast and professional services offerred
Frequently Asked Questions (FAQ)
Going from an individual return to creating a partnership will add an additional return, but could maximise profits for your business. You can contact us to discuss whether a partnership or sole trader is the correct choice for your business, and we can handle partnership registration if you would like to go forward.
You are required to register for GST if your business has an annual turnover of more than $75,000. Once registered, you are required to charge your customers GST. We can advise you on the process you need to follow to register for GST.
If you carry out all or part of your business from your home, you can claim some portion of the running expenses associated with your home office, including electricity, heating and depreciation of office equipment. Make an appointment to meet with our team and we can advise you as to the sorts of deductions you might be entitled to.