It’s one of the most common questions business owners ask—and for good reason. Choosing the wrong method can lead to unexpected tax bills, compliance issues, or cash flow problems. The best approach depends on your business structure: sole trader, company, or trust. Here’s what you need to know to stay compliant and get paid the smart way.
Let’s face it—budgeting isn’t the most exciting part of running a small business (unless you love spreadsheets like us), but it is one of the most important. A solid budget helps you keep spending in check, plan ahead, and avoid those “where did all the money go?” moments. Whether you’re just starting out or trying to grow, here’s how to build a realistic, easy-to-follow budget that works with your business—not against it.
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