Consider hiring a bookkeeper as soon as you start your business to get your financial records right from the start.
Even though we are a home based business, having face-to-face meetings, either in real life or via video call, will go a long way towards making sure we are both on the same page.
A couple of simple “year-round” habits will make sure you don’t miss out on important tax deductions for tradies. That means you’ll improve your tax refund.
So why do many tradies choose not to use a bookkeeper, but still complain about paperwork? I don’t know!
Ideally, you should bring in someone to handle the day-to-day financial tasks shortly after you start your business. Then you can concentrate on running it — and doing what you do best.