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Scott asks:
(updated on Monday, July 23rd 2018)
I have just filed my tax return which I have done myself for the past 12 years and for the first time I have been asked to pay provisional tax. My income for the next tax year is going to be hard to predict and it has been recommended that I get accounting software. Any recommendations for keeping track of rent, expenses and tax? Maybe Xero?
Our Experts Answer:
Both MYOB and XERO are popular accounting software packages that may be beneficial. Humbly, may I also recommend the services of an accountant... Managing provisional tax issues and navigating the safe harbour and estimate options with provisional tax is probably a move beyond DIY for most people.
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