EPISODE 95 : Our relationship with taxes and why tax is a good thing

2022-09-07

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What is it that "they" say … “A positive attitude gives you power over your circumstances instead of your circumstances having power over you” .. Tax time … a friendly reminder that the tax man, who didn’t spend one hour contributing to our business for the last 12 months, needs to get paid! Normally when we dish out payments for services, we receive something in return. As business owners, tax time is the time of year we need to find cash from our hard earned businesses to line the tax mans pockets, with feelings of nothing t...

What is it that "they" say … “A positive attitude gives you power over your circumstances instead of your circumstances having power over you” ..

Tax time … a friendly reminder that the tax man, who didn’t spend one hour contributing to our business for the last 12 months, needs to get paid! Normally when we dish out payments for services, we receive something in return. As business owners, tax time is the time of year we need to find cash from our hard earned businesses to line the tax mans pockets, with feelings of nothing to show for it.

Regardless of what business structure you are under, there is a tax to be paid on income earned. Now whilst I hate paying taxes just as much as the next guy ... here is the thing … you only pay tax on profits if you’re a company and on income levels if you’re a sole trader.

So I ask you … if you are paying tax, doesn’t that mean you made money? And if so, isn’t that a good thing? Let’s chat about this …. A x

Key discussion points throughout the episode ...

How we can reframe the conversation [3:36]
Strategies that can assist with the mindset shift and management of payments [5:53]
Working examples of how you can get started with these strategies today [7:54]

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