---
title: Preparing and Submitting your Sole Trader Income Tax Return via MyGov
description: This article explains the steps required to prepare and submit your personal (sole Trader) income tax return via the myGov website
---

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# Preparing and Submitting your Sole Trader Income Tax Return via MyGov

## This article explains the steps required to prepare and submit your personal (sole Trader) income tax return via the myGov website

### Overview

To complete your Income Tax Return via the myGov website follow the instructions below, using the figures entered into you Income and Expenses spreadsheet through out the year.

Just prior to submitting your return you will be able to calculate your likely income tax bill.

### Sign into the myGov website

1. In your browser go to the [myGov](https://login.my.gov.au/las/mygov-login) website
2. In the **Linked Services** section click on the **Australian Tax Office** option
3. Once the ATO portal opens identify the income tax return that you need to complete in the **For Action** section
4. Click on the **Prepare** link
5. A pre-populated income tax return form will appear. Work your way through each of the following sections:

### **Contact Details**

1. Verify that all **contact details** are correct and update, if required.
2. Click **Next**

### **Financial Institution Details**

1. Check that your **bank account details** are correct
2. Click **Next**

### Personalise Return

 The form will be prepopulated using information from your previous income tax return and other information that the ATO already knows about you. Please double check the prefilled information that the ATO has already entered on your behalf.

1. Check each section , paying particular attention to those sections that are already completed for you.
2. If you have received a new form of income during the last financial year, ensure that this section is selected. 
     1. You received **salary**, **wages** or other income on an income statement/payment summary, Australian Government payments, or First home super saver (FHSS) scheme payment 
            1. Did you receive wages from an employer? If so, select this item
     2. You had income from Australian **superannuation** or annuity funds 
            1. Did you receive income from your superannuation fund? Normally this would only occur if you are retired. If so, select this item
     3. You had Australian **interest**, or other Australian **income or losses from investments or property** 
            1. Most people will have received some interest on their bank accounts, so this section is likely to be preselected for you. If not, and you did receive rent, interest or income (or losses) from other investments, select the relevant items.
     4. You had **managed fund or trust** distributions (including where distribution has capital gains and foreign income) 
            1. Did you receive income from a managed fund or a trust? If so, select this item
     5. You were a **sole trader** or had business income or losses or partnership distributions 
            1. Ensure that this section is selected.
     6. You had **foreign income** 
            1. If you received any foreign income select this item
     7. You had **other income** not listed above (including employee share schemes) 
            1. If you received any other income that is not listed above, select this item.
     8. You had **deductions** you want to claim 
            1. You most likely have expenses (deductions) that you wish to claim., If so, select this item.
     9. You had **tax losses** of earlier income years 
            1. If you have made a loss and did not have to pay tax in a previous years, select this item.
     10. You are claiming **tax offsets or adjustments** 
             1. If you believe that your are eligible for any tax offsets or adjustments, it is advisable to seek advice from a Tax Agent and not submit your own income tax return.
     11. Note related to the **sharing economy** or **cash income**

### **Warning**

### **Sharing Economy and Cash Income**

If you have received any income from the 'Sharing Economy' (for example, Uber driving,) you must include this income

If you received cash payments for any work that you undertook, you must include this income.

 

### **Prepare Return**

1. #### Interest
   
     1. It is likely that any **interest** that you have been paid during the financial year has already been included in your income tax return. If there is any interest payments that are missing click on Add/Edit and add the details of the missing payments.
2. #### Dividends
   
     1. It is likely that any **dividends** that you have been paid during the financial year have already been included in your income tax return. If there are any dividend payments that are missing click on Add/Edit and add the details of the missing payments.
3. #### Managed fund and trust distributions
   
     1. If there are any **managed fund** and/or **trust distributions** that you have received during the financial year click on Add/Edit and add the details of the missing payments.
4. #### Business/sole Trader and partnership income
   
     1. As you will have received income from your **business** you need to update this section. Click on **Add/Edit** and complete the following, using the information in your **Income and Expenses spreadsheet** 
            1. **Did you receive any personal services income?** 
                     1. As a sole Trader you most likely did receive personal services income. If so, Click **Yes**. See [here](https://www.ato.gov.au/businesses-and-organisations/income-deductions-and-concessions/personal-services-income/income-that-is-psi#ato-WhatisPSI) for more information about what personal services income is.
            2. **Did any activity satisfy the results test?** 
                     1. Answer **Yes** to this question
            3. **Main Business or professional activity** 
                     1. **Click on the drop down** and select the business type that best describes what your business does.
            4. **Number of Business activities?** 
                     1. How many types of Business activities do you undertake via your business. For most people this will just be one type of activity (for example, plumbing, or Health Care Services)
            5. **Status of business** 
                     1. Select **Continuing Business**
            6. **Main business name** 
                     1. If you do not have a registered business name, just enter your name
            7. Australian Business Number (ABN) 
                     1. Enter your ABN
            8. Main business address 
                     1. Enter your business address. If you do not have a business address, enter your home address
            9. Click **Save**
            10. **If you are a primary producer (farmer) you should contact a registered Tax Agent**
            11. Scroll down to the **Net non-primary production** section and click the drop down
            12. **Assessable government industry payments** 
                      1. This is most likely $0. If you do receive government industry payments you should contact a registered Tax Agent rather than submitting your own income tax return
            13. **Other business income – manually calculated** 
                      1. From the **income and expenses spreadsheet**,  
                                 1. Click on the **Profit and Loss tab**
                                 2. Scroll down to cell D20 to determine your total business income
                                 3. Enter this figure
            14. **Opening stock** 
                      1. If you have **stock** you should contact a Registered Tax Agent to complete your income tax return
                      2. If you do not have stock in your business skip this section
            15. **Purchases and other costs** 
                      1. If you have **stock** you should contact a Registered Tax Agent to complete your income tax return
                      2. If you do not have stock in your business skip this section
            16. **Closing stock** 
                      1. If you have **stock** you should contact a Registered Tax Agent to complete your income tax return
                      2. If you do not have stock in your business skip this section
            17. **Foreign resident withholding expenses (excluding capital gains)** 
                      1. If you have are a **foreign resident** you should contact a Registered Tax Agent to complete your income tax return
            18. **Contractor, subcontractor and commission expenses** 
                      1. If you have **contractors** or pay commission to sales people return to the  **income and expenses spreadsheet**,  
                                 1. Click on the **Profit and Loss tab**
                                 2. Scroll down to cell **E20** to determine the total amount paid to contractors
                                 3. Enter this figure
                      2. If you do not have contractors ignore this section
            19. **Superannuation expenses** 
                      1. If you have paid superannuation during the year return to the  **income and expenses spreadsheet**,  
                                 1. Click on the **Profit and Loss tab**
                                 2. Scroll down to cell **F20** to determine the total amount paid to contractors
                                 3. Enter this figure
                      2. If you do not have contractors ignore this section
            20. **Bad Debts** 
                      1. If you have paid had **bad debts** during the year return to the  **income and expenses spreadsheet**,  
                                 1. Click on the **Profit and Loss tab**
                                 2. Scroll down to cell **G20** to determine the total amount of bad debts
                                 3. Enter this figure
                      2. If you do not have contractors ignore this section
            21. **Lease Expenses** 
                      1. If you have paid had **lease expenses** during the year return to the  **income and expenses spreadsheet**,  
                                 1. Click on the **Profit and Loss tab**
                                 2. Scroll down to cell **H20** to determine the total amount of lease expenses
                                 3. Enter this figure
                      2. If you do not have contractors ignore this section
            22. **Rent expenses** 
                      1. If you have paid **rent** during the year return to the  **income and expenses spreadsheet**,  
                                 1. Click on the **Profit and Loss tab**
                                 2. Scroll down to cell **I20** to determine the total amount of rent paid
                                 3. Enter this figure
                      2. If you do not have contractors ignore this section
            23. **Interest expenses within Australia** 
                      1. If you have paid **interest** **to an Australian entity** during the year return to the  **income and expenses spreadsheet**,  
                                 1. Click on the **Profit and Loss tab**
                                 2. Scroll down to cell **J20** to determine the total amount of Australian interest paid
                                 3. Enter this figure
                      2. If you do not have contractors ignore this section
            24. **Interest expenses overseas** 
                      1. If you have paid **interest to an overseas entity** during the year return to the  **income and expenses spreadsheet**,  
                                 1. Click on the **Profit and Loss tab**
                                 2. Scroll down to cell **K20** to determine the total amount of Overseas interest paid
                                 3. Enter this figure
                      2. If you do not have contractors ignore this section
            25. **Depreciation expenses** 
                      1. If you have paid **interest to an overseas entity** during the year return to the  **income and expenses spreadsheet**,  
                                 1. Click on the **Profit and Loss tab**
                                 2. Scroll down to cell **L20** to determine the total amount of Overseas interest paid
                                 3. Enter this figure
                      2. If you do not have contractors ignore this section
            26. **Depreciation expenses – manually calculated** 
                      1. If you have **depreciation** to calculate you should contact a Registered Tax Agent to complete your income tax return
                      2. If you do NOT have **depreciation** to calculate in your business skip this section
            27. **Motor vehicle expenses** 
                      1. If you have incurred **motor vehicle expenses** during the year return to the  **income and expenses spreadsheet**,  
                                 1. Click on the **Profit and Loss tab**
                                 2. Scroll down to cell **M20** to determine the total amount of motor vehicle expenses
                                 3. Enter this figure
                                 4. From the **Motor Vehicle Expenses type dropdown** select the method that you have used to calculate your motor vehicle expenses. This is most likely the cents per km option.
            28. **Repairs and Maintenance expenses** 
                      1. If you have paid **Repairs and Maintenance** expensesduring the year return to the  **income and expenses spreadsheet**,  
                                 1. Click on the **Profit and Loss tab**
                                 2. Scroll down to cell **N20** to determine the total amount of repairs and maintenance paid
                                 3. Enter this figure
            29. **All other expenses – manually calculated**  
                      1. If you have paid **Other expenses**  during the year return to the  **income and expenses spreadsheet**,  
                                 1. Click on the **Profit and Loss tab**
                                 2. Scroll down to cell **O20** to determine the total amount of other expenses paid
                                 3. Enter this figure
            30. Scroll down to the **Net non-primary production income or loss from business this year** section and check that the figure provided matches the **Total Profit** figure on your **income and expenses spreadsheet** 
                      1. If there is a difference, it is likely that you have missed a section on the income tax return form. Double check all figures against the **income and expenses spreadsheet**
                      2. Make a note of this figure.
            31. Scroll down to the **Net non-primary production income or loss from a business of investing** section. Enter the **Net non-primary production income or loss from business this year** figure (see above)
            32. Enter **$0** in the **Net non-primary production income or loss from a rental property business** section
            33. Enter **$0** in the **Remaining net non-primary production income or loss from business** section
            34. Click **Save**
            35. Scroll to the bottom of the screen and client **Save and continue**
5. **Other income** 
     1. If you have any **other income** that has not been included in the tax return click **Add/edit** to complete this section
6. Deductions 
     1. If you have any other deductions (expenses) that has not been included in the tax return click **Add/edit** to complete this section
7. **Offsets** 
     1. You are most likely eligible for a $1,000 small business income tax offset
     2. Click **Add/edit**
     3. Enter the **Net non-primary production income or loss from business this year** figure in the **Net small business income (from sole trading activities)** field
     4. Click **Save and continue**
8. **Income** **Tests** 
     1. Click **Add/edit** 
            1. **Tax-free government pensions or benefits** 
                     1. If you receive any tax-free government pensions of benefits enter the amount you received during the financial year.
                     2. Note that this does not include Jobseeker, aged pension or other Centrelink payments
            2. **Target foreign income** 
                     1. If you received any foreign income during the financial year enter this amount here
            3. **Child support you paid**  
                     1. If you paid child support payments during the year, enter the total amount paid during the financial year here
            4. Number of dependent children 
                     1. Enter the number of dependant children you have
9. **Medicare and private health insurance** 
     1. **Number of dependent children and students** 
            1. Enter the **number of dependent children and students** you support
     2. **Were you in one of the following exemption categories at any time during 2024-25?** 
            1. The answer is most likely **No** for this question. If not, click Yes and make a selection
     3. **Private Health Insurance** 
            1. If you have private health insurance this section will be pre-filled for you
     4. Click **Save and Continue**
10. **How did you complete this tax return?** 
      1. Select **Prepared Myself**
11. **Will you need to lodge an Australian tax return in future years?** 
      1. Select **Yes**
12. Click **Calculate** to estimate the amount of income tax payable or refundable
13. When you are ready to lodge your tax tick the **Tick this box to sign this declaration with the identification details you used to log on** check box, and
14. Click **Lodge**
15. Print a copy of your income tax return for your records

 

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