Question : What is the best bank for "sole traders" for saving tax etc. and what sort of insurance is best?
- asked by Karen P
All Answers: Answer #1 i was about to ask the same question!! lmao - answered by Kevin rudd
Answer #2 For saving tax...How don't know how you can savetax on a bank account really. Personally I wouldgo for a bank account that has low fees, highinterest and has access to facilities that mybusiness needs.Insurance, same deal.Just go withCBA or NAB, they have a lot of extra benefits forbusiness accounts. Have a read up. - answered by MBC
Answer #3 Any bank can advise you in both areas as I assumeyou will want to get at your money every 3 monthswhen you do your BAS. Banks business managers aretrained to help you do it all. Why not use yourbank just put it into a separate account? As forinsurance I would think that income protectionwould be a must and it is tax deductible as well. - answered by loulea
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