Tax Planning – Making a Start

Tax Planning – Making a Start

start tax planning

There is nothing wrong with being a novice tax planner (it’s actually very exciting taking the challenge and starting the journey to learn something new). But the most important thing we need to do is just follow Plato’s advice and make a start. Over time we will build our skills and hopefully move to at least competent (and beyond). 

Realistically, not everyone will achieve the expert stage, and that is perfectly normal and just life. The sad reality is we most likely won’t be a billionaire or the number one tennis player in the world either. But by utilising tax planning tools and following a tax planning training programme we should be able to quickly move to the competent stage.

Posted in ,

Similar posts you may like

  • Regulating cryptocurrency in Australia

    Bitcoin and other cryptocurrencies differ from traditional electronic payment systems in that they do not require a third-party intermediary such as a bank. Rather, Read more

  • Voluntary bankruptcy

    When you cannot pay your debts having explored every alternative solution, you may consider filing for voluntary bankruptcy. Bankruptcy is a legal process that can Read more

  • Infamous Tax Evader – Al Capone

        Alphonse Gabriel “Al” Capone (c1899 – 1947) was an American gangster who attained fame during the Prohibition era as the co-founder and Read more

  • Michale Erat’s Five-Stage Model

    In the novice stage, a person follows rules as given, without context, with no sense of responsibility beyond following the rules exactly. Competence develops Read more

"You’d be stupid not to try to cut your tax bill and those that don’t are stupid in business"

- Bono: U2