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How tax concessions work – using beer and 10 men to explain

 

After reading this article I couldn’t help but want to share it with as many people as possible. Not only is it very informative and relevant, but it is funny and interesting to read and leaves one with much to consider.

Enjoy this article, but most importantly, ponder its’ content and know that whether you live in Australia, America or any country in the world tax concessions and how the tax system works needs to be fair. By fair, I don’t necessarily mean equitable.

http://thesmsfcoach.com.au/2013/04/04/using-beer-to-explain-how-tax-concessions-work/

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The information provided on this website, including the material and contents provided in the website publications, are informative in nature only and you should not act specifically on the basis of this information alone. It should not be used as a substitute for legal, business, accounting, tax, financial planning or other professional advice. If expert assistance is required, professional advice should be obtained.

Paul Baggetta is the Founder & Principal of Baggetta & Co. Paul Baggetta has been a Taxation Accountant since 1981, a Financial Planner since 1998, and in 1993 qualified as a Real Estate Licensee, holding a Triennial Certificate (currently not trading) and operated his own Real Estate business for property investment clients for over 5 years as a second business.

Financial planning services are provided by Paul Baggetta as an Authorised Representative (No. 261469) of Capstone Financial Planning Pty Ltd. ABN 24 093 733 969. Australian Financial Services License No. 223135.

 

Taxation & Accounting services are provided by Paul Baggetta as a Registered Tax Agent (No.61487008) and is a Member of SMSF Association, FIPA & NTAA.