Pat Mannix Archive
Asset ProtectionSmall Business Tax AdviceTax Champion
"Be determined, never give up!"
That's RUBBISH.
The truth is that sometimes you need to say goodbye and give up.
Strategic Financial AdviceTax
I will give you a second strategy for asset protection in business. This one is really simple. Ensure that the director of the trustee company is the fall guy.
Asset ProtectionTaxTax Champion
We see this mistake far too often in small business! It's a simple change to make and it could save you a lot of pain in the future.
Asset ProtectionTax Champion
When starting out in small business, you have to take 100 per cent responsibility for the income you’re going to generate. That means you need a defensive strategy in place for your income.
Asset ProtectionTax Champion
Not your flashy car or your mansion home… The money that you're earning is your most important belonging. Have you got strong Income Protection Insurance?
Asset ProtectionTax Champion
We want nothing of any value in the fall guy’s name. Absolutely nothing! It’s not a perfect world. Bad things sometimes happen to good people. So if a business falls over the fall guy can go with it but hard earned assets built along the journey MUST be fully protected.
BlogLiving Estate Planning
Good tax planning should involve the inclusion of a testamentary trust as part of the estate plan. There are some little known tax concessions which executors should be aware of when it comes to these trusts and your principle place of residence which I have explained below.
It's All Your Fault SeriesTax Champion
I LOST ALL OF MY LIFE SAVINGS. I had no money left in the bank. The truth: it was all my fault and I had to take full responsibility because it was small business.
It's All Your Fault SeriesTax Champion
I LOST ALL MY LIFE SAVINGS. Thankfully, you can learn from my mistakes.
Small Business TaxTaxTax Champion
It can often be difficult to know where exactly the tax office are going to be focusing their audits. As it is the start of a new financial year, I thought I would provide some insight into where the ATO will be pointing their guns in 2018/19.
Small Business TaxTax Champion
It can often be difficult to know where exactly the tax office are going to be focusing their audits. As it is the start of a new financial year, I thought I would provide some insight into where the ATO will be pointing their guns in 2018/19.
