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Why we don't 'Do' Tax

  • Writer: Gavin Mettam
    Gavin Mettam
  • Mar 31, 2019
  • 2 min read

They say the two certainties in life are death and taxes, so it might sound bizarre to know our firm deals with neither! You see we here at Integribooks like to focus our energy on the few things we do really well and let the other guys deal with the rest. We practice what we preach - in economics businesses are best to focus on those things they have a 'comparative advantage' in. This essentially means where a business can do something better or more efficient than a competitor, this is where it should focus its resources.

That's not to suggest we don't know tax. After over a decade in the industry, we know it very well. Tax tends to affect businesses after the profit has been worked out. We are interested in what is happening with your business now. Analysis after the fact is already historical information. Business isn't static, it evolves. Changing every month, every week, day, even hourly in some situations. You have probably experienced your standard accountant asking for the books around March-May to do some 'estimates' before the end of the financial year. Generally this is done so the accountant can advise the tax bill you can expect, and consequently advise of strategies to reduce this. While this work certainly does have a place and can be beneficial, for us it's also small-thinking.

After all, why spend one dollar to receive 30 cents back from the ATO? In many cases this is all that is being achieved. We think bigger - not in terms of how much tax you can avoid, but how you can develop your business to grow to ultimate heights. Instead of sitting in an accounting office punching numbers, we get into your individual industry and get to know it from the ground up in order to make real progress. This is not to say tax work itself is not important - it's a necessity. We have great business relationships with both local accountants and lawyers where we can direct you when required.

What we do is pretty simple when you break it down. Our ultimate goal is to increase your productivity through precise management accounting and economics consulting. We combine the micro-level results with macro-level thinking. Work smarter, not harder so you can spend more of your time living.

 
 
 

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