Reply To: Hi there, I run a small online retail business selling womens evening wear.I am looking for advice or help with setting up my finances the right way, in regards to separating the business from my self, keeping a track of income and expenses the most easy and sufficient way (if possible) and setting aside earnings for tax. I am 22 years old with minimal knowledge in business, Any help would be greatNga mihi nui !


There is a helpful guide here – I’d recommend you look at Chapter 10 – small business accounting.
How to start a business: the ultimate guide

One of the key tips is to set up a separate business bank account and have a separate business credit card so you easily keep business expenses separate from person.