Hi info2367. While QuickBooks Online tracks your income, expenses, and GST to keep your records "tax-ready," it does not directly prepare or lodge sole trader tax returns with the Australian Taxation Office (ATO). However, you can export your reports to simplify the filing process outside QuickBooks.
Run a Tax Summary report to obtain the exact totals needed, or visit the ATO’s myTax portal or tax software that supports lodgement. This process is simple and accessible 24/7. Once the process is complete, you will receive an email from the ATO confirming that your form has been submitted accurately.
Alternatively, you can invite your accountant or advisor directly to your QuickBooks file so they can review your numbers and lodge the return. You can also feel free to browse through our ProAdvisor directory to find a certified expert near you. A quick consultation can often save you more in deductions than the cost of the service itself.
Feel free to drop back into the community if you have more questions about getting your books tax-ready. We’re always here to help you get it sorted.
