Talking Cents

Tips to get ready for tax time, by our small business accountants in Sydney

Getting ready for tax time early on can be one of the most beneficial things that your business can do. Early preparation will save you hours on end when the time comes to do your taxes, which is why our small business accountants in Sydney have some tips to help you in this process.

Follow these simple steps by our business accountants in Sydney to get on track for a low stress tax time:

• Be sure to make a high priority account list, this way you can manage the money coming into and out of the business
• Catch up on your bookkeeping for the months that have passed, this way the amount of work that you’ll need to do is minimised and be sure to stay on top of until the end of the financial year
• Put together a tax checklist, on what documents you need
• Choose the right accounting software! We cannot stress this enough to our clients, we recommend using Xero as is provides small business accounting the edge you need

Just remember that tax time does not need to be a struggle and we hope that our small business accountants in Sydney have given you a way to get started on your taxes early.

Feel free to get in contact with us if you have any questions!