Part 1 covered the top eight ‘pain points’ (as ranked by SMEs in MYOB’s Business Monitor).
Here are the lower eight, again with my comments.
9. Doing monthly accounts including tax
I hate bookkeeping so much, I put all my papers in a box and spend one agonising day per quarter sorting them out.
I like words, not numbers!
Over the years, I’ve peppered my accountant with (mostly outrageous) questions about what I can legally claim against my business income to minimise my tax. My learnings are summarised below.
With any luck, you’ll spot something you haven’t considered. Even better, you’ll table things I’ve missed. If we all contribute, we’ll create a comprehensive list [...]