Episode 3 - Bookkeeping Basics for Resellers with Zoe Richmond from The Numbers Hub
Description
I had the pleasure of chatting to Zoe Richmond from The Numbers Hub during a FB Live Q&A in our Aussie Reselling Mummas FB Group. The chat was far too good to hide away in there. I thought I’d repurpose it to help more mummas wrap their head about bookkeeping for their reselling business, so now you’re getting it in your ears as well!
Zoe is the Boss Lady and Chief Numbers Nerd at The Numbers Hub. She’s worked in finance for over 10 years and decided to make the jump to work for herself. Her goal is to help as many business owners as she can to understand their numbers and grow their business with confidence and sprinkle a little FUN along the way.
We talked about what you can claim, whether you need an ABN to be reselling, when it’s time to register for tax - if you need to pay tax at all - and a bunch of other burning questions that I bet are on your minds as well.
The Numbers Hub - https://www.thenumbershub.com.au/
Aussie Reselling Mummas Facebook Group - https://www.facebook.com/groups/aussieresellingmummas/
Tax rates - https://www.ato.gov.au/Rates/Individual-income-tax-rates/
Government website on starting a new business - https://business.gov.au/Planning/New-businesses
Claiming a deduction for vehicle expenses - https://www.ato.gov.au/Business/Income-and-deductions-for-business/Deductions/Deductions-for-motor-vehicle-expenses/Logbook-method/
Deductions you can claim - https://www.ato.gov.au/Business/Income-and-deductions-for-business/Deductions/