Many business owners care about lowering tax bill a lot, but it is a wrong mindset especially when you are starting a business.
Your tax bill is calculated on your net profit, so a good accountant will tell you to focus more on generating income rather than reducing tax.
Know how to read the insights from your Profit and Loss account here: http://blog.wiseadvice.co.nz/insights-from-your-profit-and-loss-account
If you have any questions related to Accounting and Tax, book a meeting with Brad, and let our experts keep your business healthy.
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