Tax Planning – Making a Start
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.
Similar posts you may like
- Increase your sales with sales training
Sales training aims to improve the salesperson's effectiveness when dealing with a potential customer by enhancing their product knowledge, communication and presentation skills. Generally, Read more
- 1188 – Saladin Tithe | One of the First Recorded Taxes on Income
One of the first recorded taxes on income was the Saladin tithe introduced by Henry II in 1188 to raise money for the Third Read more
- Electric vehicle home charging expenses
The ATO has introduced a 4.20 cents per km rate for home-charging electric vehicles (EV). The rate is multiplied by the number of kilometres Read more
- Australia’s Ten Most Expensive Legal Tax Breaks
The Commonwealth Treasury’s 2016 Tax Expenditures Statement (published in January 2017) shows Australia’s ten most expensive tax breaks are: Main residence exemption from CGT: 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