💰 Tips, Tricks & Trends to Keep Your Finances Flourishing!✨
Welcome to the second edition of On The Ledge, the Ledger Legends Newsletter, your goto source for smart financial insights. Whether you’re a small business owner or managing your finances, we’re here to help you simplify bookkeeping and maximise success!
Get proactive with tax and BAS
Tip of the month
Quarterly tax set-aside:
- Move a fixed percentage of each sale into a separate “tax” account the moment it lands. Out of sight, out of mind, no nasty surprises.
Trick to try
BAS-ready in 30 minutes:
- Reconcile bank feeds weekly.
- Tag GST-free purchases as you go.
- Keep a single folder for all high-value purchases and motor vehicle expenses.
Trend watch
Real-time tax projections:
- Cloud tools can forecast PAYG and GST based on live data, helping you throttle spending or chase collections before due dates.
Payroll review:
- Confirm super and leave accruals are accurate.
Mileage log:
- Start/refresh your logbook to substantiate claims.
Asset register:
- Record new assets with purchase docs and warranty info.
🚀 Ledger Legends Shoutout!
We’re thrilled to serve our community with top notch bookkeeping solutions. Connect with us across social media:
💌 Need expert bookkeeping support?
Contact us anytime: admin@ledgerlegends.biz