the time you spend collating receipts and reconciling them against transactions made. Consider the time-saving benefits offered by a business charge card. Some cards can provide a monthly breakdown of expenses on a single statement with ATO approved, GST compliant itemisation. This data can be easily and quickly downloaded into accounting software packages which eliminates the need for manual data entry and receipt itemisation. Some cards have the added advantages of credit-free days (which makes cashflow management easier) and rewards points which can be reinvested into your business. Always keep business and personal expenses separate -- this will ensure that your personal assets will not be held as insurance against your business activities. Again, instead of having business expenses on a personal credit card, a business charge card can help you keep these separate. Speak to an expert -- whether you're stuck knowing what you should be reporting and what you should be claiming, seek advice from an accountant. They will be able to suggest what solutions best suit your business. Most importantly, stick with it -- sometimes it can be easy to start a new financial year off on a good foot but as with all resolutions, good habits can wane. Be sure to continue the year as you started it, staying more organised and seeking the help of experts where you need it.  Who knows, next year we might find that tax time has become a whole lot easier for you. Comments from the community I think that