In this episode of Founders Playbook, host Nelson speaks with Justin

Mastores, elite business advisor and Managing Director of Rees Group.

They unpack common tax misconceptions among entrepreneurs, the dangers

of DIY tax management, and the essentials of deductions and self-managed

funds. Justin shares legal, effective strategies to reduce tax

liabilities—making this a must-listen for business owners aiming to stay

compliant and financially savvy.

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https://www.instagram.com/creatornelson

Work with Justin Mastores:

https://www.instagram.com/justinmastores/

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Timestamps:

00:00:00 - Introduction

00:01:27 - Common Tax Mistakes by Business Owners

00:02:19 - Importance of Professional Advice

00:03:19 - Transitioning from Sole Trader to Company

00:04:40 - The Role of Accounting Software

00:06:01 - Differences in Tax Strategies for Business Sizes

00:07:37 - Legal Ways for Business Owners to Reduce Tax

00:08:50 - Importance of Business Structure for Tax Savings

00:09:59 - Common Tax Deductions: Travel Expenses

00:10:11 - Tax Deductibility of Travel Expenses

00:34:06 - Property Investment and Tax Strategies

00:36:09 - Company Structures for Tax Minimization

00:39:07 - Trusts vs. Companies: Which to Choose?

00:41:12 - Asset Protection through Trusts

00:42:17 - Buying Assets through Company or Trust

00:44:30 - Transferring Assets Between Company and Trust