As a business owner, you might find yourself obsessed with making sure your business is ticking along – customers are happy, invoices are going out, and you're busy doing the work you love. But there’s one thing that often gets overlooked amidst the hustle and bustle: cash flow.

Being a sole trader in New Zealand is awesome – you're in charge, you set your own hours, and you get to do what you love. But there’s one thing you need to remember in between the hustle: taxes. It might sound boring, but if you don’t plan for your tax bill, you could end up in a bit of a pickle when the time comes to pay. Here’s why setting aside money for tax is super important for sole traders in NZ and how you can do it without breaking a sweat.