It’s a very special crossover episode this week, entrepreneur, investor, and tax expert Shaz Nawaz returns to Mark My Words! Listen in where they discuss everything from current projects and deals, tax strategies that have worked, the ways in which business can serve the community, and some of the tax misconceptions that might be needlessly costing you money.  

The whole conversation is presented for you today!  

  

KEY TAKEAWAYS 

 

• A No-Money-Down strategy has worked for Shaz lately. He’s just begun a project involving the building of several properties in a development, without spending any of his own capital. They say “money down doesn’t work”, but Shaz and Mark are of a very different opinion.  

• Previously, there was no tax to pay on dividends until you used up your basic rate and that’s why people used a corporate partner. That’s also why the rules were changed in 2014.  

• Large corporates can be brought to places like Peterborough, because the students who study at the university there, are highly desirable in terms of hiring potential. This creates jobs, which in turn benefits the city.  

• Not everything can go right all the time. Sometimes things go wrong. You can’t prepare for every failure, but you can learn from them.  

• Shaz predicts that councils will soon own more of their own stock, and that housing-associations will diminish. The profit can then go back to the councils, which means more public spending, which is a complete win.  

• People should always look into as many tax reliefs os possible, especially hybrid reliefs. Shaz recommends that use of home office for your business can stretch to several rooms, and therefore be larger, if you are holding stock at your home.  

• Saving money through tax is far more economical for you. If you save £138,000 through your business, then you may only end up with half that due to those savings being taxed. But if you save that amount through tax, then it’s all yours. 

 

BEST MOMENTS 

‘Money down doesn’t work - but obviously it does for you!’ 

‘We can’t have our cake and eat it all of the time’  

‘You flatter. Not to deceive!’  

‘You create a circular economy’  

‘It’s reinvention in a different way’  

‘You shouldn’t let the tax tail wag the dog'  

 

VALUABLE RESOURCES 

 

Mark My Words Podcast - https://podcasts.apple.com/gb/podcast/mark-my-words-podcast/id1165370399  

 

ABOUT THE GUEST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.  

Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultation he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable.  

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.  

 

You can find Shaz on:  

Facebook
 

LinkedIn
 

Instagram
 

YouTube.
 

ABOUT THE HOST

Mark Homer is an entrepreneur investor.  He has worked with investment since he was 15 years old using the laws of wealth! He is a spreadsheet analyst with an impressive following from major publications including BBC Radio, The Wall Street Journal, The Independent, and co-authoring the UK’s best-selling property books.  Mark has always looked for the best investment vehicle, and at the end of 2007 with Rob Moore the co-founder of Progressive Property his joint portfolio produced more profit than any of the other investments he’d tried in the last ten years, combined. 

CONTACT METHOD

• Email: [email protected]

LinkedIn: https://www.linkedin.com/in/markhomer1

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Twitter: https://twitter.com/markprogressive

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