![]() ![]() If you’re like me, I forget what I did yesterday! So by spending around 10 to 15 minutes a day to make sure everything is in order, it saves me so much time. “I reconcile my accounts every couple of days to make sure everything matches up so I can identify any problems early. “One of my biggest tips to small business owners is to stay organised and streamline your accounting with digital programs, like Xero, which make life so much easier,” Hallyburton says. This means putting in place some practices that will allow you to move smoothly through the next financial year. Now is also the perfect time to ensure all your accounting is accurate, up to date and as pain-free as possible. He’ll tell me, in layman’s terms, what I need to do to get a better financial outcome.”Įvery business owner will find their own rhythm with their adviser – but the key is to be consistent. ![]() “I have a really great relationship with Simon, and he’s definitely all over things more than me, so I find our meetings are very important. “I’ve had to learn all this – I’ve come into business pretty green,” Hallyburton says. ![]() These regular meetings are also a great way for Hallyburton to stay across everything else she needs to be aware of, such as other financial obligations, or ways to take advantage of relevant tax breaks or incentives. He and Hallyburton have bi-monthly consultations, in which they update her taxation estimate so there are no nasty surprises when the EOFY bill arrives. (If you’ve missed the boat this year, don’t worry this is a great time to get organised for FY24).īrown says: “Tax planning is a 12-month process – it really should be conducted all through the year.” To really get the most out of your finances, you need to be on top of them all year round. Deb Hallyburton, owner of The Good Egg Cafe ![]()
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