I’m afraid not
Being tax efficient and strategic doesn’t always mean I follow my own advice!
For example, I don’t have an electric car, even although it is the most tax efficient way of running a vehicle through your company.
Why?
For no other reason than at nearly six and half feet tall, I haven’t found an electric car I can comfortably get in and out of.
And that’s the point. It’s about considering the bigger picture. We all have priorities that go beyond just what’s most tax efficient.
I help small business owners streamline their finances and maximise profitability. But it’s equally important to make sure they don’t fall into the trap of chasing tax savings or cutting costs at the expense of the bigger picture.
Smart financial strategy isn’t about obsessing over one thing; it’s about aligning decisions with your business priorities, goals, and values. Whether it’s focusing on cash flow forecasting, budgeting, or making key investments, it’s about being strategic, not just frugal.
So don’t be afraid to go against the flow now and again.
At the end of the day, it is your business, your goals and your decision how best to get to where you want to be.
DO YOU TOLERATE LOW MARGIN WORK?
If your profit margins are thin, there is a real danger you are running a charity for your least valuable customers. Low margin work is