Minimise your taxes and maximise your business!
Spending your days on the tools is hard enough without having to spend your nights crunching numbers too.
How long has it been since you’ve been on a well deserved holiday or felt like you were getting ahead each year, instead of just getting by? Retinue Accounting works closely with you to reduce financial stress and improve your mindset, your business and in turn, your profit margin!
Retinue Accounting works with you every step of the way
Working too hard and not getting results? Retinue Accounting will help you map out a plan to get your business into shape so you can live the life you dreamt of when starting it!
Why Every Sole Trader Tradie Needs a Bookkeeper and an Accountant
Running your own gig as a builder or tradie? Keeping track of your finances is just as important as nailing the job itself. A bookkeeper and an accountant can help keep your business on track, make tax time a breeze, and ensure you’re not losing money where you shouldn’t be. But what’s the difference between the two, and why do you need both?
Bookkeeper vs. Accountant – What’s the Go?
| Bookkeeper | Accountant |
|---|---|
| Handles the day-to-day money stuff | Looks at the bigger financial picture |
| Tracks your income and expenses, sorts invoices, and manages payroll. | Reviews and analyses your finances, helping you make smarter money decisions. |
| Keeps your records tidy and up to date so nothing gets lost. | Prepares financial reports and tax returns, making sure you’re ATO-compliant. |
| Makes tax time way easier by keeping everything organised. | Helps you save on tax, plan for growth, and avoid financial pitfalls. |
Qualifications & Know-How
| Bookkeeper | Accountant |
| May have a bookkeeping qualification but not always required. | Usually has a degree in accounting and could be a Certified Practising Accountant (CPA). |
| Focuses on keeping financial records accurate and up to date. | Specialises in tax, financial planning, and business strategy. |
Why You Need Both
A bookkeeper keeps your financials neat, so when tax time rolls around, your accountant can step in and help you save money, stay compliant, and plan for the future. Think of it like this: a bookkeeper keeps your tools in order, and an accountant helps you build something great with them.
Want to get your finances sorted? Reach out, and we’ll point you in the right direction!
Behind on your bookkeeping? Have an overdue BAS? Don’t worry, Retinue have your back and will get you on track.
TAG partnered with Retinue because they too are passionate about helping small businesses succeed. So if you are moving from a sole trader to a trust or even a company, let Retinue help you minimise the financial risk.
Retinue Accounting have experts that understand the construction industry so they know exactly the types of challenges you face. You can delegate as much of that messy, time consuming paperwork as you want, to them.
Discover more about Retinue Accounting
Find all you need to know on our…
Maybe you’re looking for other business resource tips and tricks that can help you build a better Business.
Did you know as part of your membership you can access a wide range of resources, tricks and more?
No? that’s ok – now you do!!
TAG has compiled lot’s of these resources to help you build an even better business, because at TAG we understand how hard it is to run your business and be on the tools plus deal with everything else. So it’s our mission to take back your time as well as help you save on materials. – We’ve got your back.
