For business there is GST to factor into your cash flow. For businesses and individuals there is income tax, it may look like a tax bill after your tax return has been lodged, PAYGW on your pay slip or PAYGI on your BAS.

So there’s no quick or simple answer when it comes to estimating your tax. On the other hand, we LOVE to tax plan at BBB. DM us at Better Business and Bookkeeping if you’re interested in a tax plan for your business, and we’ll get into some forecasting to ensure your company has all of its taxes covered.

When it comes to accounting software, there are options enough to come out of your ears.

There are some great and affordable solutions on the market along with some free ones. As with anything there are limitations on free or cheaper versions but your business may not need all the bells and whistles! It’s always worth checking to make sure the software chosen is the best suited to your business needs by taking up some of these trial offers.

As much as we love a good spreadsheet its ability to give you comprehensive bookkeeping is limited, but for some sole traders it works great.

Stay tuned if you’re in the market for switching up your accounting software. In the next few weeks we’ll be breaking down the ins and outs of different programs and what is best for which company.

Outsourcing your bookkeeping is a big investment into the future and health of your company— BBB will increase your productivity and position your business for continued growth and progress.

Accuracy is key, and BBB will ensure every tax item is claimed correctly, unnecessary expenses and fees are flagged, and late fees become a distant memory. Plus, you’ll receive the benefit of an in-house, high-level employee without the human resources impact. Plus, BBB only charges for actual billable hours, meaning ONLY the time that it takes to work on your books…without paying for extended toilet breaks, lengthy catch-ups by the water cooleror chat breaks…or sneaky phone times, checking socials behind the laptop.