From The Trenches

1. It's Back-ish: Trading Trusts and Cotchy Vs Xero


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A linked in post titled Cotchy Vs Xero shows how well the accountant, Pat Mannix from Paris Financial, understood his clients (startups) and how different they were to the needs of his traditional 70 staff practice in Melbourne.

Like most accountants Pat is passionate about what matters to his business, and his clients. Listen to hear why:-

  • Client’s by because of the service they get not the tech the accountants use

  • Discretionary (Family) Trusts are still an excellent tool for saving tax

  • Accountants know more about SMSF’s than most other professionals yet still can’t advise on the them properly.

Agree? Disagree? Think more info is needed? JOIN THE CHAT on www.fromthetrenches.com.au 

Read the responses first!

Response: Rebecca Mihalic FCA - When a family trust is not right for a trading entity 

Response: Grant Abbott - How To: Use Deeds to Overcome Trading Trust Issues

See omnystudio.com/listener for privacy information.

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From The TrenchesBy David Boyar

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