Enrolments close midnight Friday, June 30 (AEST)
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It's time to finally feel confident about tax season
maximise profits, master taxes, and create a business that flourishes
LEARN MORE+ You're juggling all the hats of running a business on top of all the ones you wear in your personal life (that's a lot of hats)
+ Tax time catches you off guard, so you always feel unprepared
+ Xero's monthly fee of $60 feels like an unnecessary expense
+ Staying on top of receipts has become an overwhelming task that's haunting you.
While you've fully immersed yourself in building your biz from the ground up, you may have overlooked the super important part of understanding taxes and your finances.
With so much on your plate - being a small biz owner, a good friend, an attentive family member and simply drinking enough water and making sure you're looking after yourself as well - finding the time to learn about taxes seems impossible and the last thing you have time for.
The worst part is, not having a grasp on taxes can leave you feeling even more stuck and unsure, especially when the end of the financial year sneaks up on you, triggering that panic once again.
And honestly, you're terrified because...
+ You excitedly started your business without the tax know-how
+ Numbers aren't your thing, and it could cost you thousands
+ The fear of reaching the next tax bracket and facing higher payments looms over you
+ Hiring a bookkeeper is out of reach financially, but so is receiving a fine from the ATO
- Make more money and slash your tax bill
- Be confident in the long term financial stability of your business
- Maintain the perfect work/life balance (finally have the time and funds to plan that holiday)
- Effortlessly claim, project, and spend with a tax-savvy 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 too good to be true, let me assure you that it's absolutely within your reach. How do I know? Because I've been in your shoes and created a proven system to help you transform your financial reality.
I created
Finance Yourself Academy
for you!
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!
THIS IS THE PLACE FOR YOU.
[Foundation] Crystal-clear insight into your business structure and obligations, ensuring a confident and seamless setup process.
[Finance] Upskill your numbers knowledge so you can master your tax reporting
[Friends] Effortlessly integrate software solutions and assemble your dream team to provide support as your business flourishes.
Finance Yourself Academy is the only tax course that merges an innovative framework with the expertise of a new generation accountant, tailored specifically to meet the needs of young business owners.
By the end of the program, you’ll…
- Become a tax-savvy pro, knowing exactly how much money to stash away, ensuring those unexpected tax bills never catch you off guard
- Get a crystal-clear understanding of your figures, allowing you to slash your tax payments and have more dough to treat your loved ones.
- Get your hands on a foolproof, step-by-step system that keeps you in control of your tax game all year round with as little as one hour per month
Easy. Enjoyable. Hours and dollars saved.
Finance Yourself Academy is how you'll...
- Unleash your full potential, unlocking new levels of success and growth
- Create more quality time to enjoy with your loved ones
- Gain absolute clarity about the financial health of your business, enabling you to make strategic decisions with confidence
- Sleep easy knowing you're fully equipped and prepared to conquer tax time without any worries.
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.
Don't let tax time stress you out any longer. Enrol in Finance Yourself Academy today!
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Are you a perfect fit?
- YOUNG BUSINESS OWNER WHO DOVE INTO BUSINESS BLINDLY: You've been doing your thing in your business for a year or two, but let's be real – tax stuff wasn't exactly on your radar when you started out. Now you're feeling a tad uneasy, wondering if you're set up the right way and if your tax and BAS lodgements are on point.
- YOUNG 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 harder to claw your way out of.
- YOUNG BUSINESS OWNER WHO HAS GROWN THEIR BUSINESS AND IT'S TIME TO REGISTER FOR GST: your side hustle has turned into your full time gig (yay) 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.
- YOUNG 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!
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 the course start?
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
$1,725 $1,500
(15% discount)
Option 2:
Pay in 3 Easy Instalments
3 x $575
(Total $1,725)
