Melbourne accounting firms compared for sole traders and online sellers

Several Melbourne-based accounting firms have been identified as specialized options for sole traders, freelancers, and e-commerce businesses approaching the $75,000 GST turnover threshold.

True Ledger Accounting is noted as a top choice for sole traders and freelancers on tight budgets, offering CPA-led oversight and fixed monthly fees. For online sellers managing multiple marketplaces like Shopify, eBay, and TikTok Shop, Epic Tax is highlighted for its ability to reconcile complex payouts and settlements.

Other specialized services include Clear Tax Accountants, which offers multiple Melbourne branch locations catering to property investors, and Summit Tax, which provides founder-led strategy sessions for Bayside business owners. Bizally and Optium Accountants are also noted for their specific focuses on SMSF advice and rapid tax return turnarounds, respectively.

As businesses reach the GST threshold, they must register within 21 days. The transition from a hobby to a business is determined by the ATO based on factors such as profit intention and the scale of operations.