Having more money in your pocket? Now that’s a goal

worth pursuing!

You might think: But if I save on taxes, I’ll have more

money. Not necessarily.

There’s a limit to the amount of tax you can save. Once you reach around 80-90% effectiveness, further savings start to dwindle—yet they often demand more time and effort.

The real danger, however, is that this focus dilutes your attention. More money in your pocket comes from increasing your turnover or boosting profitability. Growth is virtually limitless and will deliver far better immediate and ongoing results than obsessing over tax savings. So, should you just ignore tax savings altogether?

Absolutely not. But here’s a better approach:

1. Hire a good accountant.
2. Learn the tax rules relevant to you (let your accountant worry about the rest). Check every 6 - 12 months.
3. Implement a system to consistently apply these rules.
4. Stay on top of tax deadlines to avoid unnecessary penalties.

Then, let tax matters recede into the background, trusting your system to keep your taxes under control. With your focus on growth and profitability, you’ll maximize what you can truly control.

The choice is yours.

#bulletproofyourtaxes #focus #growth #profits

#entrepreneurship