Newsletter - June 2024

We've also thrown some non-tax resources in the mix to keep your brain from exploding, like:

• The latest Rounded updates from our co-founder Grant

• Advice on building your ideal freelance career from experienced freelancer Martina Donkers

• The best freelancing articles and podcasts we've collected this month

⚙️ Rounded Updates

What’s new? - Invoice reminder upgrades

Overdue invoice reminders can give your client a gentle nudge when invoice becomes overdue. While handy, it was a little limited, so we’ve added greater flexibility in the number of reminders and when they can be sent.

You can now send up to 4 reminders anywhere between 1-28 days overdue.

And very shortly you’ll also be able to send reminders before an invoice is due and set the exact time of day reminders will be sent.

Find out more here:

Overdue reminders on desktop

Overdue reminders on mobile

What’s coming up?

There’s plenty in store for the rest of 2024!

We’re working away at:

• Adopting the Open Banking standard

• Signing in with your Google and Apple accounts

• Deeper integrations with Stripe and Square for reconciling external payments

• Plenty of other improvements across our mobile and desktop apps

– Grant McCall, Rounded Co-founder and Head of Product

▶️ Tax Q+A with Lauren Thiel

Thanks to everyone who joined us for our Tax Time Q+A last month!

If you missed out, here's a replay with all of Lauren's great advice 👇

📍 Tip of the Month - Tax Time Edition

We asked Lauren for 3 things sole traders should do before 30 June to make tax time easier.

Here are her top picks (if applicable/appropriate for you):

1. Take photos of your receipts + save PDFs.

2. Make any extra super contributions you want (& fill in the form to claim them!)

3. Check/keep your car log book if you want to claim for a % of your car expenses.

💡 Growing Your Freelance Career with Martina Donkers

This month, we sat down with freelance grant and evaluation expert Martina Donkers to discuss her approach to building a successful career.

Here's a quick peek:

I've noticed freelancers tend to view their work as a job rather than a career. It's just what they do to pay the bills, not where they’re building skills and looking to progress.

Now, some people don’t want to progress, which is fantastic. But some people do—and believe that if they want to do the career thing, they need to jump back into corporate land and climb the ladder.

But you can actually build a career as a freelancer if you’re strategic about the jobs you take, your skill development, and your professional development.

Want to hear more about how Martina has built her freelancing career and get some ideas for progressing your own?

⚡️ How to Get Tax-Ready with Rounded

If your records are up to date, all you'll need to do is:

1. Share your Rounded data with your accountant

2. Grab your automated tax reports (if you're lodging your return yourself)

3. Check to make sure you have enough money set aside for tax

If you still need to catch up on your bookkeeping this June, Rounded can help with that too:

• Adding multiple income records via bank feeds

• Adding multiple expenses via bank feeds

• Automatic bank feed suggestions for expenses

📣 Hear From the Rounded Community

As a graphic designer, I've tried various accounting software. Rounded has been the best experience by far.

The app is user-friendly and quick to set up. The support team consistently goes above and beyond to provide prompt and helpful responses when I need them.

If you're a sole trader or creative freelancer looking for a cost-effective and hassle-free accounting solution, I highly recommend giving Rounded a try!

- Amanda Harbrow, Harbrow Creations

Not signed up to Rounded yet? Start your free trial now.

🧠 More Helpful Resources For Your Solo Business

• Get a step-by-step guide to doing your sole trader tax

• See how Rounded works in our weekly masterclass

• What the federal budget means for freelancers and sole traders

• What you need to know about the Google Search leak

• Hear stories from fellow freelancers about the most difficult times in the businesses and how they recovered

• How to write a freelance profile (without cringing)

Cover Photo by Brooke Lark on Unsplash