Breast Pumps & Taxes...Find an Accountant that just gets you

In this episode of the Inner Sanctum, we talked about the T word! That's right, lovers. It was Tax and Relationships with your accountant and chat with Paris from Group One Accounting. You will often hear the team singing the praises of Paris. Not only is she an exceptional human, she's also an incredible Accountant! This chat covered Paris's journey into accounting. Some background into Samara and Paris' journey together. Then, we went deep into tax and all its variations. If you don't know your GST from your BAS or PAYG, this is the episode for you. We talk about sole traders transitioning to company status and the importance of financial discipline. And, of course, why is having a great relationship with your accountant so important? 00:00 Episode Summary02:56 Introducing Our Special Guest: Paris from Group 1 Accounting03:22 The Journey with Paris: Transforming Business Finances04:13 Navigating Financial Challenges and Trusting the Process05:48 The Importance of a Good Relationship with Your Accountant08:53 Personal Stories and Emotional Support15:29 Protecting Your Business and Personal Finances20:14 Simplifying Tax Concepts for Business Owners29:56 Understanding Superannuation30:34 Breaking Down BAS Payments32:49 Navigating PAYG Instalments34:49 The Importance of Accurate Financial Planning40:13 Director's Loans Explained43:34 Transitioning from Sole Trader to Company48:45 Effective Budgeting and Cash Flow Management58:11 Final Thoughts and AdviceMentioned in this episode:https://www.salonrising.com💛 A Limited Time Offer From Our Amazing Sponsor, Timely 💛➡ Timely is the easy to use booking and payments system that puts salon owners in control of the whole client experience from the first booking to final payment.➡ Salon Rising listeners get a 14 day free trial plus 50% off their first 3 months.➡ And until August 1st, when you activate with Payments, you'll also get a free Touchscreen terminal, worth $349 + GST.Use the code SALONRISING at checkout or click the link below to get started. Once you're set up, your Timely contact will take care of the rest. 👇Timely💖 Celebrating Our Podcast Partner – Christophe Robin, proudly distributed by McM ImportsWe’ve partnered with Christophe Robin and MCM Imports to bring you something beautiful:➡ Experience the Christophe Robin Discovery Box — curated by pro ambassador Monique McMahon.➡ Inside, you’ll find her handpicked favourites — the hero products she swears by in the salon.It’s your invitation to explore the range and discover why Christophe Robin has become a quiet obsession among stylists who know their craft.Click the link below to request your FREE Christophe Robin Discovery Box, exclusively through McM Imports. 👇MCM