Home – New Forums Money matters Just became sole trader – Tax questions Reply To: Just became sole trader – Tax questions

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Agree again with FletcherTax – we are amazed how some small busineses survive without doing any bookkeeping, when they first bring us their paperwork

They think that as long as they’ve got enough money in their hand at the end of the week / month to buy groceries, pay the bills, home loan, etc – that they must be doing OK

Those people are generally the ones spending their GST / Tax money because they think that if it’s in their bank account – then it must be their money

What % would FletcherTax say to a sole trader just starting – how do they know what their profit will be – since there may be start-up costs and initial outlay – making it harder to estimate the profit in the first year