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Budgeting is a very good idea and glad to hear your about to have one done pre a new contract.

If your monthly clients fees received are fixed, just half them and include them in your fortnightly budget.

As for leave – is this for your staff leave? Or your own?

Also depends what structure you are operating in. If company, don’t forget that you need to withhold tax from wages and pay 9% super.

Biggest advice with budgets – don’t leave anything out and always update your budget. It’s not a set and forget document if to be used wisely.

Fletcher Tax Accountants

Please note comments made should NOT be taken as specific taxation, financial, legal or investment advice. Please seek professional, specific advice.