Sole Trader — Income & Expenses
Tell us what you earned and what you spent to earn it. Add your business expenses, then claim your home office and motor vehicle costs in their own sections.
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1Business details
Your details and total income for the financial year.
Total business income for the year before expenses, including GST if you are registered.
2Income & expenses
List each business expense for the year. We add them up automatically.
No expenses added yet. Add each business expense below.
3Home office expenses
Claim your home office running costs using the ATO fixed rate method ($0.70/hour).
The ATO fixed rate of 70 cents per hour covers energy, internet, phone usage, and cleaning of your home office. Keep a record of hours worked from home (timesheet, roster, or diary).
4Motor vehicle expenses
Choose a method to claim your vehicle costs. You can only use one method per car, per year.
Your figures at a glance
Estimates only — final amounts are confirmed by your tax agent. ANB Accounting Pty Ltd · Tax Agent No. 26358501