Some sole traders have more than 'basic' tax needs and can benefit from using a full accounting service like Numio.
Examples of more than 'basic' tax needs include:
- You're trading as a company (i.e. limited liability company), partnership, or trust
- You employ people (as employees or contractors), or plan to in the future
- You have stock, 'work in progress', or other inventory that you need to track
- You have a family trust, a rental property, or other investments that have taxable income
- You have overseas income or investments that have taxable income
- You have more than one business, or multiple income streams
Otherwise, if you're a sole trader we recommend checking out our friends at Hnry.
Last updated:
01 December 2025