ATO APP for Sole Traders and Individuals updated

The updated free ATO app allows sole traders and individuals to access income tax and superannuation data from your smartphone.

Once downloaded, you will need to create a login whilst some information may require you to link your myGov account.

Once setup, you are able to:

• Access 2020/2021 pre-fill information;
• Record your deductions as they are incurred;
• Track your superannuation;
• Set reminders for payment and lodgment dates;
• Maintain your personal details such as address;
• Access ABN lookup;
• Access tax withheld calculator;
• Use the business performance check tool - which allows you to compare your small business to other that are similar;

The App is free and can be downloaded from the Google Play or Apple store and is called "Australian Taxation Office".

It is a pretty good tool to have at your fingertips.

Any Sole Traders that could use a hand with their income tax - contact us.

Paul and Helder
GrowBC