May 19, 2020
What do I need to do from a tax perspective? How do I know if or when my business is legitimate? What taxes are deductible for my online business? What softwares can I use to keep track of my income and expenses? Do I need to register my business with the tax authority?
While it's not sexy, these are things you NEED to know for your business, and knowing them can save you a lot of money, time and stress!
In this episode of "Slaying Your Side Hustle", my client Susana
Targett, who has 16 years of experience in the bookkeeping and
accounting industry, breaks down everything we need to know so we
can slay our side hustle finances!
*Note, this general advice based around Australia taxes and legals BUT (don't leave just yet....) listeners and other countries can still BENEFIT by knowing what to look into within their own countries!
We cover:
- How to set up your business as an entity in Australia (and a HUGE money saver you need to know!)
- How to know if your business is a hobby or a legitimate business.
- What expenses you can deduct from your taxes to save money & keep in your pocket.
- How to keep track of your books to reduce stress and save time when tax time rolls around.
- What Olivia learned about taxes by working with overseas team
members
and more!
>> Let me know on Insta, if you're "folder freak" too :P
Connect with Susana Target on Instagram and Facebook at @destinybeautysusana
Resources
ATO app:
https://www.ato.gov.au/general/online-services/ato-app/
Square: https://squareup.com/
Wave: https://www.waveapps.com/
Time Manager app:
https://play.google.com/store/apps/details?id=com.pomodoros&hl=en
Get insurance quotes: ?
Connect and/or work with me!
Instagram: @OliviaPowellCoaching
(https://www.instagram.com/oliviapowellcoaching/)
Facebook group: “Slaying Your Side Hustle”
(https://www.facebook.com/groups/1262823320498060/)
Email: OliviaPowellCoaching@gmail.com