A new client Stephen John Murphy has arrived at your office. Your receptionist has greeted him, provided him with coffee and has ushered him into the interview room. During the initial interview you identify that he is a sole trader and needs to lodge a tax return. The following information is provided by Stephen:

He is an Australian resident

Has not changed his name since the last return

DOB: 15/12/1975

Address: 15 Kangaroo Lane, Bentmore Victora 8888

Post address: PO Box 555 Bentmore Victoria 8888

TFN: 666 666 666

ABN: 12 222 222 222

Ph: 03 555 5555

Sales for the year: $294,423

Expenditure: $262,452