Talking Cents

Tax tips for freelancers, by our small business accountant in Melbourne

Freelance work is becoming more popular across a lot of stay at home workers, or people who are looking for work on the side. So our small business accountant in Melbourne has some tax tips for all those hardworking freelancers.

Our Melbourne small business accountant has seven tips to get you ahead of the pack as a freelancer:

• You can pay as you go when you are a freelancer, this means you spread your EOFY bill across the year
• Be sure to put money aside every time that you get paid
• Keep all of your receipts
• Even if you are not trading under a business, be sure to have separate accounts for your freelance work and personal life
• When you are self-employed, a lot of owners forget about their own superannuation. So be sure to put money aside for yourself
• Invest in income protection insurance
• Chat to an expert small business accountant in Southbank for some more professional advice

As always, feel free to get in contact with our small business accountants in Melbourne if you have any enquiries.