how you can minimise tax without choking the life out of your business
Post on 17-Oct-2014
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Do you wnat to know how to make sure you pay as little tax as possible without putting your business at risk. This presentation shows you EXACTLY what to do to make sure you're OKTRANSCRIPT
© Copyright One Sherpa Pty Ltd 2010
How you can minimise tax without choking the life out of your business
© Copyright One Sherpa Pty Ltd 2010
Have you been trying to avoid the tax man and found you have no cash left in your business?
© Copyright One Sherpa Pty Ltd 2010
Avoiding the tax man seems to be a goal for many business people
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But is it the best strategy?
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Does it bring you the best results?
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Could it lead to the situation where you save tax but have nothing left for yourself?
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One way people avoid paying tax is by making no profit!
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Another way is by avoiding paying themselves a market rate for their services to the business
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Both of these achieve the objective of paying no tax but where does that leave the business owner?
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If you are not making the correct margin AFTER taking a market wage from your business then you are going to struggle!
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It is imperative for you to make profit and pay some tax in the long haul or you won’t be sustainable
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Let me show you how to do this in One Minute Business Checkup
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PROBLEM #5
NO PROFIT : CV 13.7% - TF 13.7% = 0
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PROBLEM #5
NO BUSINESS OWNER COSTS
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The first step to a sustainable business is to add a market wage for the business owner.
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PROBLEM #5
Makes it worse and a significant LOSS
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There are two measures which need to be addressed to address this situation
1. Customer Value measure
2. Transaction Flow Measure
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1. Customer Value measure
This can be addressed by a price increase of 17.3% which increases sales by $138,000
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PROBLEM #5
$138,000 increase in Sales
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1. Customer Value measure
Alternatively this can be addressed by reducing costs by 15% which will reduce costs by $110,000
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PROBLEM #5
$110,000 decrease in Costs
Transaction Flow still requires attention
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2. Transaction Flow Measure
This can be addressed by increasing the volume of sales through the business by 14.6% which gives additional sales of $116,667
This would also increase other costs by $93,334 to account for the additional volume
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$116,667 more Sales
$93,000 increase Costs
© Copyright One Sherpa Pty Ltd 2010
1. Transaction Flow Measure
Alternatively this can be addressed by reducing costs by 13% which will reduce costs by $15,000
© Copyright One Sherpa Pty Ltd 2010
PROBLEM #5
$15,000 decrease Costs
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Checkout your own information now.
© Copyright One Sherpa Pty Ltd 2010
Using the sandbox you can ‘play with the numbers’ to make sure you aremaking sustainable profits
© Copyright One Sherpa Pty Ltd 2010
Go to www.oneminutebusinesscheckup.com
and make sure you avoid choking the life out of your business