I'm looking at how to book keep effectively and strategies for structuring my service based business and its expenses expenses to pay the right amount of tax. Can anyone recommend a good book/course/service?
Thanks!
Recommendations for Tax Books for SME
Lkeji on 09/05/2018 - 19:29
Comments
Why not get the advice of an accountant? Setting it up yourself and getting it wrong will surely cost more than the few thousand the accountant will charge initially.
Once they have everything set up then you could potentially manage it then? (Unless it’s a complicated business structure)!
Yes definitely get a good Accountant to help. We have one ourselves.
Anyhow, it is a good idea to understand the legislation surrounds it, so that you understand what to,do with your funds. Many Accountants would say they can’t offer financial advice and you need to find another Super Fund Specialist. Then only you can instruct the Accountnt…..Sounds confusing? Can be.
I know someone who lost quite some money because he doesn’t fully understand or keep abreast with his funds movement.
Having said all that, I don’t know any books. But I can recommend ATO website. It is pretty heavy but you’ll get used to,the terminology slowly. Some money magazines provide some light reading sometimes. Worth a visit to the Library.
This is a start.