As a solopreneur, you are responsible for managing all aspects of your business. This includes keeping track of your finances and ensuring that you are compliant with all tax laws.
Follow these tips to legally minimise your tax liability.
Calculating and paying tax can be incredibly stressful for solopreneurs.
These five tips can help you manage and pay your taxes with fewer headaches.
If you have a skill you can offer online, you can make a living working at home, setting your own hours, and living by your own rules.
But before you get started, you need to make sure your idea is a sound one.
Taxes are one of the most important reasons for a home business to keep accounting records.At the end of the year, you need to show money made and money paid.
When you learn something new, like accounting concepts and terms, it helps to create links between what you already know and what you are trying to learn.
If you track your income and outgoings every day, preparing your personal annual statement and tax return doesn’t need to be a mammoth task.
Everyone should know their Credit Score. A good credit score gives you access to credit, and lower interest rates.
If your credit score is bad, you need to find out why and take corrective action.
As a smart business owner you will realise that you can’t do everything.
Unless you are extremely organised and enjoy working with numbers, then maybe you need to outsource your bookkeeping.