Tax Secrets of the Rich: By Kerry Packer's former accountant

Book Synopsis: Ever wondered how the wealthy always seem to pay less tax than the average person? Allan Mason shares his over 40 years of tax and accounting knowledge in an easy to read format. While tax may be a boring subject, unfortunately it is something we all need to master. As the saying goes, there are only 2 things certain in life – death and taxes. By reading this book you will learn about real case studies and tips on how Allan has helped many clients reduce their tax, improve their business, and hence grow their personal wealth. You will also discover:

• How the wealthy view tax and their mindset.
• How to play the tax game using structures to take advantage of different tax rates.
• Read about actual real-life case studies.
• 11 tax tips covering nearly every tax situation a person can encounter.
• 7 Money tips that successful people use to create wealth or run their business in a way that it creates life rather than taking it away from them.
• Some interesting facts about money and wealth.
• The millionaire mindset of the wealthy and how to emulate that.
• The psychological aspect of success and failure in business.
• How to harness the power you have within you to run a successful and profitable business while still retaining enough after-tax dollars to build wealth.

This is a must-read for every person who aspires to being in control of their finances. You owe it to yourself, your family, and the community to be successful. Allan Mason is an acclaimed author having written numerous books and articles in his field. He is a Chartered Accountant with a career spanning over 40 years working both in large corporations and in private practice. His claim to fame is working for many high-flying entrepreneurs which included the late Kerry Packer, who was famous for his outspoken views on taxation. Book Synopsis

The western world has a strong system of taxation that takes away your choice and gives this to central government who decide how they will spend your money. But entrepreneurs do not see it that way. To them, taxation is a game, like being in business, that they want to win at. A game of using the system to minimize their contribution to the taxation system and then be able to build wealth and assist those less fortunate in the way they choose. The writer with draws on his own personal experience as an accountant in public practice, with actual case studies on how he has reduced the tax payable for many high net worth people (or those that aspire to be). By using his vast tax knowledge he provides an outline of how to use the tax system in Australia to your advantage. The 2 sides, making money and keeping it, deal with running a successful business and then retaining as much of those profits, without the burden of taxation. On the other side of success, this book also shows the pitfalls and personal cost of entrepreneurship. Something a budding entrepreneur needs to be mindful of if they are to embark upon this journey. It is a fact that being in business there is a strong chance that things sometimes do not go as planned. Some 85% of businesses fail in the first 5 years. The lot of a business owner is a hard one. If you get it right more than 50% of the time you are doing well. Dealing with failure has consequences that can lead to depression, the feeling of being trapped, not knowing who to turn to can lead to the owner paying the ultimate price (suicide). There is a magic formula that you can apply that works every time to make you lots of money to lead a fulfilling and rewarding life. Part of that formula is dealing with the intangible and emotional factors that affect us all. As emotional human beings., life affects us in different ways. The other part is having the knowledge to achieve your aims. The book gives you all of these.