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If you’re going into business, we suggest putting 20% aside (as a minimum) to cover your tax. And don’t forget to put aside any GST if you’re charging it. After your first year the ATO will ask you to pay your tax every quarter. Everyone’s income and tax rat
How to handle freelancer expense tracking Open up a business account. ... Spring for a business credit card. ... Use a spreadsheet and/or cloud accounting software. ... Best business expense trackers. ... Connect your bank account. ... Store receipts. ... Regularly Review Your Busi
Bookkeeping software features to expect Not sure what to look for when shopping for bookkeeping or accounting software? Here’s a checklist of useful capabilities to keep in mind. Bank connections: Your business transactions will stream straight into you