Basic Accounting for Basic Chicks

Basic Accounting for Basic Chicks

Author: Lucy & Nikki July 26, 2020 Duration: 59:59

Hey Queens!
On today's episode, we chat with our legend accountants Andy Hollis and Taylor Gibbards from @boutiquebusinesshouse. They discuss all things tax-related and share helpful tips on starting a small business from the ground up.

Breakdown of this episode
- Individual and small business tax 
- Impacts of COVID and what this means for your tax
- What is the tax-free threshold?
- Jobkeeper/ Jobseeker
- 3 golden rules of claiming on your tax
- Misconceptions of claiming
- Deadlines for lodging tax
- Paying tax on a 'side hustle'
- Salary sacrificing
- Tips on setting up a small business
- Different structures of business plans
- Sole trader v Partnerships
- Trust accounts
- Hidden overheads when starting a business
- Understanding GST
- Tax vs Bas
- HECS debts
- Resources and helpful apps to download

Checking The Tax on Your Income

Software Apps Used by Jagger & Stone

  • Xero
  • Receipt Bank
  • Shopify
  • Indigo8
  • Slack

ATO Approved Logbook Apps

  • Australian Taxation Office (ATO)
  • Driversnote
  • GoFar

Checking Your HECs Debt Balance & Other Tax/ATO Data

  • MyGov


The information, statements, comments, views, and opinions provided in this podcast are general in nature, and such information, statements, comments, views and opinions, and the receipt of this podcast by any listener, are not intended to be and should not be construed as the provision of investment or professional advice by Boutique Accounting House, to that listener or generally, and do not result in any listener being considered a client or customer of Boutique Accounting House. The information, statements, comments, views, and opinions expressed in this podcast do not constitute and should not be construed as an offer to claim certain tax deductions or to set up new business structures.

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CREDITS:

Hosts: Lucy Jackson @Lucykatejackson & Nikki Westcott @nikkiwestcottt @wethe_wildones
Guest: Andy Hollis and Taylor Gibbards @boutiquebusinesshouse

Executive Producer: Courtney Mangan @courtneymangan

Technical Producer: Aaron Butler @aaronbutler_

To shop Jagger & Stone visit http://www.jaggerandstone.com

See omnystudio.com/listener for privacy information.


Ever wondered what happens when two friends building a fashion label decide to hit record? That’s the spirit of Happy Hour with Lucy & Nikki. Lucy and Nikki, the forces behind the popular @lucy_and_nikki_ persona and their brand Jagger & Stone, pull up a virtual barstool for conversations that feel like a late-night catch-up with your most honest friends. This podcast is a direct line into their world, where the glitter of launching a business meets the gritty reality of daily life. You’ll hear the unvarnished truth about entrepreneurship-the exciting wins and the stressful hurdles-alongside personal tales about navigating relationships and recounting those unforgettable, wild party stories that become legend. More than anything, they dive into all the messy, confusing, and hilarious topics that dominate your thoughts in your twenties. It’s a blend of society, culture, fashion, and art, filtered through a lens of genuine friendship and brutal honesty. Tuning in feels less like listening to a produced show and more like being part of the conversation, where nothing is off-limits and everything is served with a side of relatable humor. For anyone building a creative life, figuring themselves out, or just needing a dose of real talk, this podcast offers a refreshingly authentic escape.
Author: Language: English Episodes: 690

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