Business Brain Food

Summary
So many people don’t want to think about tax until it’s too late, but once you’ve listened to Brian Goodridge you’ll be positively inspired to do something about your tax situation! Brian is a different kind of accountant. He’s great at explaining the various different angles you can exploit to make yourself tax efficient and profitable in the long term.

See some of Brian’s top tips below:
** Don’t get too hung up on avoiding tax. You can cost yourself money in the process.
** Tax planning is much more than just something you do in April and May. You should work it into your whole year.
** Beware of using savings indefinitely. Be honest with yourself with when you want to use the money.
** Don’t think about tax as a one-year thing. So many people do everything they can to save tax in year one, but they end up paying more in year two as a result.
** Do you really have a ‘tax problem’ or do you have a ‘cashflow problem’? Don’t blame it all on the tax!
In this episode of Business Brain Food you will learn:
** The difference between tax minimisation and tax avoidance
** How to manage your accountant properly
** The right length for your goals
** How to manage your super balance
** Tax-efficient investments
** Instant asset write-offs explained
Resources mentioned in this episode:
** If you’re a business coach, business adviser or would like to become one, go to: https://maxmyprofit.com.au/business-exceleration.html

** Brian is offering a free 15-minute strategy session exclusively to BBF listeners. Contact him through his website: https://goodridgeadvisory.com.au/

** All previous BBF episodes & show notes can be found at http://www.businessbrainfood.com.au

** Join the Business Brain Food Facebook Group: https://www.facebook.com/groups/BusinessBrainFood/
** Twitter: https://twitter.com/bfewtrell

Call to action:
DON’T LEAVE YOUR TAX PLANNING TO THE LAST MINUTE!!! People like Brian can help you get on top of your tax the whole year round.
Also, if you are enjoying these Business Brain Food podcasts, then make sure to share them via social media sites or email the links to family and friends. A lot of time and effort goes into producing each of these podcasts with the goal in mind of the more people we can inspire about business the better. You can help us do just that!
Until next time, have a profitable day!
Cheers,
Ben Fewtrell
02 8808 5500

Direct download: BBF252_Tax_minimisation_tips_and_traps_with_Brian_Goodridge_01.mp3
Category:general -- posted at: 12:00pm AEST

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