Running a business and managing tax debt can be overwhelming—but you don’t have to face it alone. At Wisdom Business Consultants, we specialise in negotiating with the ATO on behalf of sole traders to reduce stress, secure manageable payment plans, and help you get back on track.
Don’t delay or rely on short-term fixes—the sooner you act, the better your outcome.
As a sole trader (also known as a sole proprietor), your business income is taxed as part of your personal income. You don’t lodge a separate business return - your business earnings are included in your individual tax return.
Understanding your tax obligations is essential to avoid unexpected debt and penalties.
Not sure what you owe? Wisdom Business Consultants can help you understand your tax position and avoid debt before it grows.
If you're struggling to repay your sole trader tax debt, the ATO encourages early engagement - and doing so can prevent further action, such as reporting your debt to credit agencies.
While you can negotiate directly with the ATO, partnering with Wisdom Business Consultants gives you a stronger chance of securing a favourable outcome. We’ll handle the negotiation process on your behalf and ensure your tax return includes all eligible business expenses and deductions.
Whether you work from a dedicated office or from home, we’ll help you claim allowable deductions - like rent, council rates, depreciation, running costs, phone use and more - so you don’t pay more tax than you need to.
If you're struggling with ATO tax debt as a sole trader, the expert consultants at Wisdom can help. We’ll negotiate reasonable payment plans, explore debt consolidation options, and guide you toward the best solution for your situation.
We’ll also help you understand how to offset eligible losses, carry forward deductions, and explore flexible finance options - potentially avoiding garnishee notices or credit reporting
With over 50 years of combined experience, Wisdom Business Consultants has helped sole traders and small businesses across Australia avoid bankruptcy and regain financial control.
Our trusted team provides expert, up-to-date advice and tailored solutions to manage your tax debt with confidence.
Call us today on 1300 277 148 or fill in our support form and let’s get your business back on track.
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