When it comes to tax planning it pays to do your own research. A close family friend has recently discovered her accountant hasn’t provided the best advice and in doing so has cost her thousands in unnecessary tax. Like most of us, she did what she was told by the ‘expert’ and didn’t consider developing an understanding of the tax system.
This is especially important for business owners and investors. The use of trusts, company structures or superannuation funds can drastically reduce tax payable. To be clear, what I’m talking about here is legal tax reduction. In no way am I encouraging tax avoidance or any breach of tax laws.
Do your own research, look online, read articles and journals. Consult with a number of advisors; use Enterprise Search to get in touch with a local Accountant or tax specialist. Most importantly, don’t blindly follow the advice of others. Do your own research and take control of your situation.
Cynthia Price Marketing & Communications
No Comment Received
Leave A Reply