Tramontana Blog

Posts tagged “Success”

Create Wealth or Save Taxes?

By sceona.

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At this time of year the catch cry of many business owners is: 'I need to spend money to save on tax'.

This kind of thinking is inherently flawed:

  • Firstly you have to spend the money, which can cause all sorts of cash flow problems.
  • Secondly every dollar you spend you will only realise a saving of say 30% being the company rate of tax.
  • Thirdly reducing your profit to not pay tax will ultimately stunt the growth of your business...