Tax return for a sole trader
The Tax Return and Self-Assessment for Sole-traders and Businessmen. The Self-Assessment requires the sole-trader/ businessmen to file a Tax Return and If you're a sole trader, the ATO will issue a notice of assessment to tell you if you' re getting a tax refund – or if you still owe money. Other small businesses will 26 Oct 2019 Sole proprietors file need to file two forms to pay federal income tax for the year. Firstly, there's Form 1040, which is the individual tax return.