Ricky Nguyen

ABOUT THE AUTHOR

Ricky Nguyen completed his secondary and tertiary education in Sydney before he became a chartered accountant. He began his career working in various chartered accounting firms and has worked in senior management positions at leading international banks, JP Morgan Chase & Co. and BNP Paribas.

Today, Ricky is the principal of A N & Associates Chartered Accountants, specialising in taxation advice and business consultancy. He has worked with clients from different industries and sizes from construction, importation, wealthy individuals with companies, trusts, SMSF, to charities and nonprofit organisations.

A passionate business owner, Ricky loves the challenge of building or expanding a business beyond the norm. He thoroughly enjoys working with the family-oriented businesses, which requires not only the understanding of their businesses but also other issues such as succession planning and asset protection of the family unit.

BOOK DESCRIPTION

This book is aimed at business owners who want to take back control of their finances to make better, prosperous business decisions through understanding how our Australian tax system is used by the wealthy.

How well do you truly understand the tax system? Do you really know how all the different tax laws could affect the way you do business? Or how about the rules and regulations in terms of what you can and cannot do? Are you too busy running your business that you’re simply forgetting to ask yourself, “How much tax am I really paying?”?

This book will help you understand the relevant strategies that the wealthy business owners are taking advantage of in their business—RIGHT NOW! Not only will these strategies help you save on tax, but, ultimately, it will also help you stay compliant with the tax office so that you can take back control and focus on what’s most important in your business—growing it.

If you want to benefit from practical knowledge and take advantage of the tax system without having to go through the process of formal education, then this book is for you!

LEARN HOW TO…

  • Identify the first steps in starting your business.
  • Gain that peace of mind knowing that you are doing the right things.
  • Be prepared with powerful tax knowledge that can be implemented into your life, no matter what stage you’re in.
  • Save in so many different ways on tax the ATO doesn’t want you to know about.
  • Restructure your business and maximise your tax savings.
  • Beat the tax man at his own game as you will be armed with some of the fundamental tactics used by the rich and wealthy in tax planning.
  • Use an accounting system.
  • Identify the difference between a contractor and employee.

UNCOVER IN THESE PAGES…

Have that peace of mind in knowing that you are doing the right things by being equipped with a powerful tax knowledge that can be implemented no matter where you are in life.

  • How the rich and privileged plan their tax affairs to beat the tax man in their own game.
  • Tax planning strategies implemented by wealthy business owners.
  • Ways to minimise tax within the boundaries of the law.
  • The advantages of having a proper accounting system.
  • Advice on how to stay compliant with GST legislations.
  • The value of having a depreciation schedule.
  • Strategies on how to sell an investment property.
  • Understanding property and negative gearing.
  • Business structures and the different tax impact it carries.
  • Business deductions to help you maximise your savings.
  • Real-life and practical examples.
  • Getting the right advice from the right people.