Enrol now into our *VIP* Foundation Round - 5 spots only!
00
DAYS
00
HOURS
00
MINS
00
SECS
It's time to genuinely look forward to TAX TIME
with more dollars and confidence to grow your business!
LEARN MORE
Does this sound familiar...
+ You're juggling all the business hats
+ You have no idea when it comes to tax
+ You can't justify spending $60 a month on Xero, because it's expensive
+ You can't keep on top of your receipts every week and it's coming to haunt you
Because while you dove into business, you kind of skipped that tax KNOW-HOW!
You've got enough on your plate trying to run your business, maintain a social life, juggle family, drink enough water, text everyone back, stay sane, survive and be happy (PHEW), but what if you don't get your business tax set up correctly from the start?
The worst part is having no clue about tax makes you feel stuck at the beginning because there's not enough hours in the day to do all the business things and seek out tax answers. You promise yourself next year will be different, but when end of financial year rolls around so quickly you start freaking out (again).
You are terrified because...
+ You jumped into business and you have no tax know-how
+ You don't have a numbers brains and it could cost you thousands
+ What if you reach the next tax bracket and have to pay even more
+ You can't afford to hire a bookkeeper, but you also can't afford a fine from the ATO
- Make more money and pay less tax
- Know your business is financially stable long term
- Have more work like balance with the financial projections to plan a holiday
- Easy and quickly claim, project and spend with a tax mindset
- Think like a tax agent (without expensive outsourcing fees)
- Work smarter, not harder
- Genuinely look forward to tax time
If any of this sounds like a dream, I want you to know that it’s 100% possible for you. And I know that, because I’ve been exactly where you are now and have created a proven system to help you achieve something you really want.
I'm Michelle Knight.
(aka Little Miss Bookkeeping)
I've helped small businesses navigate the world of all things business bookkeeping, accounting and tax.
I am the founder and director of an Australian boutique bookkeeping and accounting firm, Little Miss Bookkeeping and Neapolitan Collective.
Professional Associations:
+ Registered BAS & Tax Agent
+ Chartered Accountants Australia and New Zealand
+ Justice of the Peace (Qualified)
+ Xero Certified Advisor
Education:
+ Bachelor of Commerce (Accounting)
+ Graduate Diploma of Chartered Accounting
I'm more than just any tax accountant...I've been 'been there' and 'done that'. I first cut my teeth in an activewear eCommerce brand launched in 2014 where I successfully STARTED, BUILT and SOLD the business. I've gained first hand small business experience so I can help other millennial business owners on their journey. I can talk your language (not confusing 'accountant speak'!).
I've put all of my knowledge in one place so that you are able to access at an affordable price price (1-on-1 time can get expensive), presented in an easy to follow online course (because diagrams and visuals are my favourite kind of learning).
Good news...no more winging it, Google searches or end of financial year panic attacks!
I created
Finance Yourself Academy
for you!
YOU'RE IN THE RIGHT PLACE.
[Foundation] Get clarity on your business structure and obligations to complete your setup with confidence
[Finance] Upskill your numbers knowledge so you can master your tax reporting
[Friends] Implement your software and choose your dream team to support you as your business grows
Finance Yourself Academy is the only tax course for millennial business owners that combines this unique framework with a new generation accountant.
By the end of the program, you’ll…
- Master exactly how much tax to put aside so you'll never end up with a tax bill without the funds
- Be crystal clear on how to interpret your numbers so you can reduce the amount of tax your pay and spend it on your family
- Have a proven step by step method to staying on top of your tax year in as little as one hour per month
Easy. Enjoyable. Hours and dollars saved.
Finance Yourself Academy is how you'll...
- Fulfill your potential
- Spend more time with your family
- Know exactly where your business stands and make decisions accordingly
- Sleep easy knowing you're prepared for tax time
Governing Bodies: Get clarity on the taxman & his 'mates'!
You’re going to learn:
- Lesson 1: Australian Tax Office (ATO) - The Tax Man | Running a small business requires an understanding of those who makes the rules. Let's distill your knowledge of the taxman and clarify the ATO's main roles and responsibilities. It's not just tax!
- Lesson 2: Australian Securities & Investments Commission (ASIC) - The Wingman | For everything relating to companies, ASIC is the big gun to ensure directors are doing the right thing. Knowing what they do and when you need to speak with them as a business owner is just as important as lodging your annual tax return!
- Lesson 3: Australian Business Register (ABR) - The Micro Manager | The ABR is the place to go for your business registrations. Let's review the ABR website and the functionalities available.
Entity Structures: Pick the right business structure that will serve you & your business goals!
You’re going to learn:
- Lesson 1: Sole Trader - Me, myself & I | Sole trader businesses are the easiest and low cost effective entity structure to implement. However, they might not be the most suitable so it's important to understand the pros and cons.
- Lesson 2: Partnership - Double the trouble! | Partnerships are still relevant, but becoming a less favourable option for business. Let's review the pros and cons of partnership structure so you can choose the right structure for your business.
- Lesson 3: Company - Safety & security | Company setups are becoming a more popular business vehicle of choice. It's important to understand the additional obligations required under this type of structure and myth bust the advice 'Uncle Dan' gave you at the family BBQ!
- Lesson 4: Trust - Flexibility for future planning | Trust structures have their perks, but there are traps for young players! Get clarity on the dos and don'ts under a trust structure. They are a powerful business vehicle when used correctly!
Business Registrations: Keep compliant & cross off those registration to-dos!
You’re going to learn:
- Lesson 1: Australia Business Number (ABN) | Without an ABN, you don't have a legitimate Australian business! Let's run through what this is and how to apply for one.
- Lesson 2: Business Name | Registering your business name is a step many business owners forget! Let's run through where and how to apply for your business name registration.
- Lesson 3: Tax File Number (TFN) | You've probably already got an ABN as an individual taxpayer, but depending on your chosen business structure, you'll need to apply for another one.
- Lesson 4: Goods & Services Tax (GST) | To register for GST or not...that is the question! We will run through the GST basics and common GST mistakes to ensure you are paying the right amount of tax.
- Lesson 5: Pay As You Go Withholding (PAYGW) | Confidently keep your employee compliance in check understand how and when to pay tax on employee wages, also known as PAYG withholding.
Activity Statements: Breaking down the dos & don'ts of lodging your BAS!
You’re going to learn:
- Lesson 1: Activity Statements | Not all activity statements are made the same! Get clarity on if you need to lodge one and when.
- Lesson 2: Business Activity Statements (BAS) | BAS is lodged multiple times of the year and your tax return is only lodged once. Because BAS is something you'll deal with much more regularly, it's important to understand what it is and what you need to do as a business owner.
- Lesson 3: Instalment Activity Statements (IAS) | IAS is like the little sister of BAS - she's important, but easily forgotten! We'll run through the ins and outs of IAS, so you can ensure you are paying the right amounts to the taxman at the right time.
- Lesson 4: Lodgement & ATO Payment Plans | Business has its rise and falls and sometimes cashflow can be a problem. We will run through the options available to you should you not be able to lodge or pay your activity statement on time.
- Lesson 5: Tips & tricks to lodging your Activity Statements | Let's run through the MOST COMMON activity statement mistakes I see business owners make, so you can complete your BAS with confidence!
Understanding Your Financials: The most powerful reports you'll learn to love!
You’re going to learn:
- Lesson 1: Financial Statements | Financial statements come in all forms, but they serve a purpose. We'll run through common financial reports so you can review your own statements without the overwhelm!
- Lesson 2: Profit & Loss | The P&L is hands down my FAVOURITE report. Let me show you how to break down your report so you can get clarity in your numbers to help you make better informed business decisions!
- Lesson 3: Balance Sheet | The Balance Sheet identifies some core parts of your business. It should be regularly reviewed in conjunction with your P&L, so I'll show you exactly how to read it.
- Lesson 4: Common Misconceptions with Financial Reporting | Let's run through the most common misconception around your financial reporting. For example, why there’s profit but no cash? Why there’s cash but no profit?
Employees: Onboarding your team the right way!
You’re going to learn:
- Lesson 1: Payroll | With the introduction to cloud accounting, payroll has been drastically easier! Let's run through the basics of setting up and paying your employees WITHOUT getting overwhelmed.
- Lesson 2: Superannuation | Superannuation is NOT a dirty word! Don't fall into the trap of ignoring it...this will only land you in trouble. Get clarity on your obligations as a business owner and the dos and don'ts of paying super.
- Lesson 3: Employee vs Contractor | The age old question, should I employ directly or get a contractor? We'll discuss the pros and cons of each so you can confidently make the right decision.
Tax Return: Understand the must-dos so tax time is a breeze!
You’re going to learn:
- Lesson 1: DIY vs Professional Help | Business owner be warned...DIY'ing some things may end up costing you more ! Let's run through when it's time to get professional tax help and what you can do to help keep your accounting costs down.
- Lesson 2: Lodgement Deadlines | As a business owner, there are LOTS of due dates to juggle. But don't stress, I've got you covered with a comprehensive outline of all the small business deadlines so the ATO isn't chasing you.
- Lesson 3: EOFY Checklist | I've made the end of financial year a BREEZE by creating an easy to follow checklist that will get you ready to lodge your tax return with confidence!
- Lesson 4: Tips & tricks to getting your books ready for tax time | I've seen all the common bookkeeping and tax mistakes made by small business owners and compiled your very own CHEAT SHEET to nail tax time.
Accounting Software: Picking the right software is essential to your business success!
You’re going to learn:
- Lesson 1: Cloud Accounting | Long gone are the days where you could only access your accounting software from a single desktop computer. The future is here, where real time data can be accessed at any time, across any part of the world. That's why we LOVE cloud accounting and the way it helps so many businesses.
- Lesson 2: Types of Cloud Accounting Software | Acronym overload? MYOB, QBO, Xero...it can be a little confusing, but I am here to break it down. Let's run through the options available and find the best solution to meet your customised business needs.
- Lesson 3: Cloud Accounting Add Ons | Work smarter, not harder! Whilst cloud apps can add an additional recurring cost to your business, the time saved will pay you back ten fold! Invest in the time to pick the right tools to streamline your business.
Bookkeepers & Accountants: A partnership made in heaven!
You’re going to learn:
- Lesson 1: Bookkeeper | Bookkeepers are just more than 'bean counters'. They have the skills and expertise to help level up your business in ways you didn't think were possible. Let's demystify what they do and when to engage a bookkeeper!
- Lesson 2: Accountant | Accountants can do more than just lodging your annual tax return. They are your trusted business advisor, someone you should speak with more than just once a year! Let's break down their role and how they can guide you to business success without the tax headache.
- Lessons 3: The Right Fit - Building your 'Dream Team' | Not all bookkeepers and accountants are made equal! Let's run through where to find someone reputable and what to look out for.
Next Steps: You've got the tax knowledge down, but don't forget these important to-dos!
You’re going to learn:
- Lesson 1: Bank Accounts | The correct bank account set up and strategy will make cashflow a breeze. Let's run through the ultimate business bank account set up for your business and how you should be using your accounts.
- Lesson 2: Insurance | Insurance is sometimes forgotten at the business start up stage and yet is one of THE most important parts. Let's run through what you need to do to (or rather who you need to see) to get yourself legitimately covered.
- Lesson 3: Legals & HR | There's only so much advice I (as a tax accountant) can give you without crossing the line. Sometimes you need to consult other professionals to sort out things like employee contracts or lease agreements.
- Lesson 4: Intellectual Property | We can't forget the importance of getting all your ducks in a row when it comes to intellectual property. Let's review some general checks (like securing your domain) and who you might seek to get expert help.
Enrol now and be one of 5 millennial business owners who want to smash their tax out of the park!
Here's what that means:
- It's a SUPER intimate group (which means a more personalised experience and my eyes on your work, I'm highly invested in the success of this group)
- It's 50% off the enrolment rate (which means huge savings)
- It will be delivered in a group coaching format (which means much more attention from me!)
Are you a perfect fit?
- MILLENNIAL BUSINESS OWNER WHO DOVE INTO BUSINESS BLINDLY: you've been running your business for 1 or 2 years and you never learnt the business tax basics in the beginning. You are worried your aren't set up correctly or still have no idea if you are doing tax and BAS lodgements correctly.
- MILLENNIAL BUSINESS OWNER WHO GETS HIT WITH A BIG TAX BILL EACH YEAR: you're struggling to get on top of your tax bills (income tax, BAS, super etc.) and it feels like a never ending hamster wheel of debt. ATO payment plans aren't working and you feel like the debt hole is getting deeper.
- MILLENNIAL BUSINESS OWNER WHO HAS GROWN THEIR BUSINESS AND IT'S TIME TO REGISTER FOR GST: you're side hustle has turned into your full time gig and you're finally making good money. You know you have to register for GST and start lodging BAS, but have no idea what that means or how to start.
- MILLENNIAL BUSINESS OWNER WHO FEELS OVERWHELMED WITH THEIR TAX OBLIGATIONS: you're GST registered, know you should be started setting aside money for BAS and start paying super, but you have no idea where to start. You are paralysed with the thought of getting your books organised as it feels overwhelming because you might not have been doing it right for some time.
If any of these sounds like you, keep reading, because you’re exactly where you need to be.
NOW IS THE TIME TO GET STARTED!
We'll be starting the foundation round as soon as there are 5 students on board and ready to go. I expect that will happen on 14th November 2022 (but I'll let you know if we move it back a week or so).
ENROL TODAY!I've already been running my business for a while now, but want to learn the business tax basics. Is this right for me?
I live overseas (not in Australia). Is this course for me?
When does this VIP foundation round kick off?
Can't I just get this info from the ATO? Or Google?
How and when will the course be delivered?
Will I get 1:1 coaching?
How many hours do I need to set aside each week to complete the course?
I won't be available for the live Zoom calls. How can I make this work?
I'm not ready for this course. Can I wait until the next round?
How long can I access the course materials for?
Option 1: Upfront Payment
[Discounted Offer for Foundation Round Students - RRP $990]
Option 2: 3 x Instalments
[Discounted Offer for Foundation Round Students - RRP $380 x 3]
