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15. Here Are 3 Things You're Doing That Might Alert The Tax Office
In this episode I put on my accountant's hat. I know the things that pop up red flags for the Tax Office so in this episode, I share 3 things that I know are on their radar. As a small business owner, it's important that you that your financial understanding seriously. It's important that you operate in a financially responsible way and can support everything you report in your tax return.
Here are 8 reasons why you should listen:
Clarity on Business Goals: The episode emphasises the importance of having clear, structured business goals, breaking them into manageable 90-day plans
Focus on Financial Independence: Erin advocates for financial independence, especially for women, empowering listeners to take control of their finances and reduce mental stress
Avoiding Common Tax Pitfalls: Erin provides insight into common tax mistakes like inconsistent income reporting, excessive business expenses, and mixing personal with business finances
Simple, Actionable Strategies: The episode offers straightforward solutions, such as separating business and personal bank accounts, which can be easily implemented
Expert Advice for Small Business Owners: As an accountant experienced in helping women in business, Erin shares valuable knowledge tailored to small business challenges
Support for Women Entrepreneurs: The show highlights specific financial challenges faced by women in business and provides strategies to overcome them
Stress-Free Tax Planning: Erin shares ways to set up your financial systems to avoid last-minute stress, ensuring smoother tax returns next year
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Need some help with understanding your financial position? Book in for a Financial Wellness Check Up or Strategy at www.erindavis.com.au/wellness
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Here are some useful links
Financial Wellness Kick Starter Kit https://www.erindavis.com.au/kickstart
Planning Day https://www.erindavis.com.au/planning
Instagram https://www.instagram.com/erindavis_transform/
Website https://www.erindavis.com.au/
LinkedIn https://www.linkedin.com/in/erin-davis-b2163582/
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Enjoyed this episode? Please subscribe, rate and review us on Spotify, Apple Podcast or your favourite podcast platform!
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By Erin DavisIn this episode I put on my accountant's hat. I know the things that pop up red flags for the Tax Office so in this episode, I share 3 things that I know are on their radar. As a small business owner, it's important that you that your financial understanding seriously. It's important that you operate in a financially responsible way and can support everything you report in your tax return.
Here are 8 reasons why you should listen:
Clarity on Business Goals: The episode emphasises the importance of having clear, structured business goals, breaking them into manageable 90-day plans
Focus on Financial Independence: Erin advocates for financial independence, especially for women, empowering listeners to take control of their finances and reduce mental stress
Avoiding Common Tax Pitfalls: Erin provides insight into common tax mistakes like inconsistent income reporting, excessive business expenses, and mixing personal with business finances
Simple, Actionable Strategies: The episode offers straightforward solutions, such as separating business and personal bank accounts, which can be easily implemented
Expert Advice for Small Business Owners: As an accountant experienced in helping women in business, Erin shares valuable knowledge tailored to small business challenges
Support for Women Entrepreneurs: The show highlights specific financial challenges faced by women in business and provides strategies to overcome them
Stress-Free Tax Planning: Erin shares ways to set up your financial systems to avoid last-minute stress, ensuring smoother tax returns next year
---
Need some help with understanding your financial position? Book in for a Financial Wellness Check Up or Strategy at www.erindavis.com.au/wellness
---
Here are some useful links
Financial Wellness Kick Starter Kit https://www.erindavis.com.au/kickstart
Planning Day https://www.erindavis.com.au/planning
Instagram https://www.instagram.com/erindavis_transform/
Website https://www.erindavis.com.au/
LinkedIn https://www.linkedin.com/in/erin-davis-b2163582/
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Enjoyed this episode? Please subscribe, rate and review us on Spotify, Apple Podcast or your favourite podcast platform!