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Tax in Action - Individual Sole Trader

Self-paced learning
Launch course

1 Advisor credit

Free

Learning objectives

This course is a high level workflow process to assist you prepare and lodge a sole trader tax return. We will cover how to work with the Business and PSI worksheets, demonstrate how process depreciation and motor vehicle expenses, enter current year income losses to finally validate and lodge with the ATO.

Course outline

    • Income Tax Return workflow
    • ATO Prefill Import
    • Business/PSI Schedule
    • Depreciation
    • Motor Vehicles
    • Business Loss Schedule
    • PAYG Instalments
    • Tax Estimate Calculation
    • Validation and Lodgment

Topics covered

  • End of Financial Year
  • GST

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