Tax is the most significant burden on your business each year. If this is the case, then why not spend a bit of time each year coming up with strategies to help minimise tax and the impact it has on your business.
You are likely to hear buzz words in the market about what other people are doing, but do you know really what they are or even if they apply to you? Things like:
The above points (and more) are all common buzz words for different strategies that can apply to businesses from time to time and can save 10s of thousands of dollars each year for your business. However, executing one of the above strategies at the wrong time can actually cost your business thousands of dollars in lost future benefits, so understanding what your strategy is and why you are executing it is just as important.