Accountants for sole traders

Get the best advice for business efficiency

Liston Newton Advisory
Liston Newton Advisory is rated 4.8 from 32 reviews

Specialist accountants for sole traders

Running a business on your own can be stressful and time-consuming – but with our expertise behind you, it doesn't need to be.

When it comes to fulfilling your sole trader taxation and accounting obligations, Liston Newton understands the unique challenges you face.

Our comprehensive range of business accounting services is designed to help you structure your business for maximum efficiency, while enabling full compliance with the latest taxation laws.

  • Business structures
  • Tax compliance and returns
  • BAS returns
  • GST requirements
  • Bookkeeping

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The right guidance for sole trader success

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Years of experience

With a 40-year history of helping small businesses, we have the in-depth understanding needed to help you meet your obligations.

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Up-to-date advice

We stay informed with the latest changes to taxation laws so you're always positioned for maximum benefit.

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Client partnerships

We form long-term relationships with our clients, empowering you to achieve your long-term goals.

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Industry innovation

We use the latest cutting-edge software and technology to make business easier and more efficient for sole traders.

Learn more about your business with our comprehensive guides

At Liston Newton Advisory, we take pride in helping business owners get more out of their hard work. Our downloadable guides can give you an in-depth look at strategies and technologies that will help your business grow.

  • Discover tax strategies and business structures available to you
  • Understand and apply new business management technology
  • Get in touch with us for information tailored to your business

Work with us with confidence and support. We're a Xero Platinum partner.

About us

Liston Newton Advisory has a long history of working with sole traders, and we understand the challenges faced by small business owners.

We have more than 40 years of experience in helping businesses like yours to structure, plan and grow.

Our dedicated, professional team is here to help you plan your business accounting and taxation requirements for ongoing success.

Kieran Liston, Director | Consultant

Our team

We have worked with Liston Newton's Accountancy and Advisory Team for over a decade. During that time, our business has grown substantially both organically and through purchases. This wouldn’t have been possible without Liston Newton Advisory to assist with our business planning, providing proactive advice and ensuring our accounts were always compliant in a complex and volatile industry.
Karsten Horne
CEO, Reho Travel
Liston Newton's Accountants analysed our financial and business situation and helped us implement strategies to improve our position. Their strategies turned our business from making a loss, to recording a 6-month net profit of 36 per cent. And we are now on track to show a 240 per cent increase in turnover over the next financial year.
Lisa Clarke
SL Constructions
Liston Newton helped us move our accounting over to Xero. Their Accountant managed the set up and training so we felt comfortable with the software. We now have all our processes streamlined which gives us improved visibility of our business performance. This has allowed us to open 2 more stores without a significant increase in administration effort.
Peter Luskan

Our methodology to equip sole traders

Our unique methodology considers your long-term business goals, so that we can give you the best ongoing advice to help our sole trader business flourish.

Our goal is always to give your business sustainable, progressive growth that measures your progress as you.

Our unique methodology is based on sustainable, progressive growth that measures your progress as we go.

Learn more about our methodology
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Frequently asked questions

What is a sole trader business structure?

A sole trader is an individual who runs a business. They are the sole owner and are legally responsible for all decisions that the business makes. Debts and losses can't be shared with other people. You're responsible for paying super for your employees, and also for putting money aside for your own super. However, there are also several sole trader advantages. For one, it is the cheapest structure for running a business.

How do I start as a sole trader?

To operate your own personal business, all you need is your tax file number. If you are required to issue invoices and register for GST, you may also choose to register an ABN.

Do I need to register for GST?

If you have exiting or projected revenue of more than $75,000 in a financial year, you'll need to register for GST. You’ll also need to lodge a quarterly Business Activity Statement with the tax office.

How am I taxed?

As a sole trader, you follow individual income tax rates and simply lodge your return under your personal tax file number. You’ll also need to complete a business schedule. It’s relatively straightforward, but it does make things more complex than your standard tax return.

Can I have other business partners if I am a sole trader?

No. If you are a sole trader, you can only operate under your own tax file number. To add business partners, you'd need to form a partnership, a unit trust or a company.

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