Watch out for tax advice parrots!
So far we haven’t met a licenced parrot, have you?
Officeworks, Bunnings and car dealerships are not licenced to give advice about tax deductions, neither are people at BBQs or the pub.
Speaking to your licenced tax advisor about your situation is the only sensible way to manage your tax position. Parrots can’t explain where you are at and don’t understand your situation.
How much do you need to earn to feed your family?
What kind of profit makes sense for you?
If you are already making a loss, can you handle a bigger loss?
What about when you need finance?
Parrots are known for flying in, making a lot of noise, crapping on everything and flying off again. Watch out for parrots (and don’t be one) this end of financial year!
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