How you can minimise tax without choking the life out of your business

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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 OK

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How you can minimise tax without choking the life out of your business

  1. 1. How you can minimise tax without choking the life out of your business © Copyright One Sherpa Pty Ltd 2010
  2. 2. 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
  3. 3. Avoiding the tax man seems to be a goal for many business people © Copyright One Sherpa Pty Ltd 2010
  4. 4. But is it the best strategy? © Copyright One Sherpa Pty Ltd 2010
  5. 5. Does it bring you the best results? © Copyright One Sherpa Pty Ltd 2010
  6. 6. Could it lead to the situation where you save tax but have nothing left for yourself? © Copyright One Sherpa Pty Ltd 2010
  7. 7. One way people avoid paying tax is by making no profit! © Copyright One Sherpa Pty Ltd 2010
  8. 8. Another way is by avoiding paying themselves a market rate for their services to the business © Copyright One Sherpa Pty Ltd 2010
  9. 9. Both of these achieve the objective of paying no tax but where does that leave the business owner? © Copyright One Sherpa Pty Ltd 2010
  10. 10. If you are not making the correct margin AFTER taking a market wage from your business then you are going to struggle! © Copyright One Sherpa Pty Ltd 2010
  11. 11. It is imperative for you to make profit and pay some tax in the long haul or you won’t be sustainable © Copyright One Sherpa Pty Ltd 2010
  12. 12. Let me show you how to do this in One Minute Business Checkup © Copyright One Sherpa Pty Ltd 2010
  13. 13. PROBLEM #5 NO PROFIT : CV 13.7% - TF 13.7% = 0 © Copyright One Sherpa Pty Ltd 2010
  14. 14. PROBLEM #5 NO BUSINESS OWNER COSTS © Copyright One Sherpa Pty Ltd 2010
  15. 15. The first step to a sustainable business is to add a market wage for the business owner. © Copyright One Sherpa Pty Ltd 2010
  16. 16. PROBLEM #5 Makes it worse and a significant LOSS © Copyright One Sherpa Pty Ltd 2010
  17. 17. There are two measures which need to be addressed to address this situation 1. Customer Value measure 2. Transaction Flow Measure © Copyright One Sherpa Pty Ltd 2010
  18. 18. 1. Customer Value measure This can be addressed by a price increase of 17.3% which increases sales by $138,000 © Copyright One Sherpa Pty Ltd 2010
  19. 19. PROBLEM #5 $138,000 increase in Sales © Copyright One Sherpa Pty Ltd 2010
  20. 20. 1. Customer Value measure Alternatively this can be addressed by reducing costs by 15% which will reduce costs by $110,000 © Copyright One Sherpa Pty Ltd 2010
  21. 21. PROBLEM #5 $110,000 decrease in Costs Transaction Flow still requires attention © Copyright One Sherpa Pty Ltd 2010
  22. 22. 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 © Copyright One Sherpa Pty Ltd 2010
  23. 23. $116,667 more Sales $93,000 increase Costs © Copyright One Sherpa Pty Ltd 2010
  24. 24. 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
  25. 25. PROBLEM #5 $15,000 decrease Costs © Copyright One Sherpa Pty Ltd 2010
  26. 26. Checkout your own information now. © Copyright One Sherpa Pty Ltd 2010
  27. 27. Using the sandbox you can ‘play with the numbers’ to make sure you are making sustainable profits © Copyright One Sherpa Pty Ltd 2010
  28. 28. Go to www.oneminutebusinesscheckup.com and make sure you avoid choking the life out of your business © Copyright One Sherpa Pty Ltd 2010

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