Do you know what your biggest yearly expense is? Tax!
In this episode, Rob shares with you three ways you can legally avoid tax to help you save yourself some money on your biggest outgoing.
KEY TAKEAWAYS
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When talking about tax, it’s not just income tax but many stealth taxes, on everything you buy. You are paying around 60% in tax and lots of this is hidden.
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Become an entrepreneur to help control what tax you pay: you pay yourself first and your tax afterwards.
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Running a home office is another way to manage your tax:
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Subsistence; owning a company, is a further way to reduce your taxes
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If you’re ever looking to run something as a tax expense, ask your accountant if there was an Inland Rev investigation, and if they would support you. If they would then it’s almost always acceptable.
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As the recession and economic crisis become worse, the government will eventually realise that they need entrepreneurs. They will start to bring back incentives and tax reliefs to help grow the economy with entrepreneurs and business owners.
BEST MOMENTS
“The tax system is almost as high as it was in the 70s”
“There’s still a decent amount of tax breaks”
“When you buy something after tax it costs twice as much!”
“Inflation is a form of tax and tax is a form of theft”
VALUABLE RESOURCES
http://rob.team
bit.ly/Robsupporter
https://robmoore.com/podbooks
ABOUT THE HOST
Rob Moore is an author of 9 business books, 5 UK bestsellers, holds 3 world records for public speaking, entrepreneur, property investor, and property educator. Author of the global bestseller “Life Leverage” Host of UK’s No.1 business podcast “The Disruptive Entrepreneur”
“If you don't risk anything, you risk everything”
CONTACT METHOD
Rob’s official website: https://robmoore.com/
Facebook: https://www.facebook.com/robmooreprogressive/?ref=br_rs
LinkedIn: https://uk.linkedin.com/in/robmoore1979
