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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.
Get a free 90-minute consultation. Our team will even come to you. See how it works.
With a 40-year history of helping small businesses, we have the in-depth understanding needed to help you meet your obligations.
We stay informed with the latest changes to taxation laws so you're always positioned for maximum benefit.
We form long-term relationships with our clients, empowering you to achieve your long-term goals.
We are at the forefront of innovation in the accounting industry. We use the latest technology and software to help our clients grow.
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.
We have worked with Liston Newton's Business Accountants 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.
Liston Newton's Business 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.
Liston Newton helped us move our accounting over to Xero. A Business 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.
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.
Choose the advisors with all the qualifications and experience to help you excel.
We restructured Papermill Media and moved them to cloud accounting. Papermill was listed at number 43 in the Australian Financial Review's Fast 100 List in 2017.
Take a lookWe have helped Cambridge Plumbing to manage and forecast cash flow. We've also provided the director with advice on wealth creation and asset allocation.
Take a lookAfter helping them transition to Xero, we conducted quarterly business coaching with Quality Energy and helped increase their profits by 90 per cent.
Take a lookCreate seamless business efficiency with your sole trader business.
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.
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.
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.
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.
There are several capital gains tax concessions you can take advantage of, but you need to carefully plan for them.
Read about itOne of the best ways to reduce tax is by structuring your business and personal assets in the most tax effective manner possible. One way to do this is to use a ‘bucket company’.
Read about itWhile Chartered Accountants and Certified Practising Accountants are highly qualified professionals, there are some distinct differences between the two. Here's what you need to know.
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