Mastering Business Structuring and Tax Efficiency with Zhum Yee | Elevate Your Wealth

🎙️ Episode Title: Mastering Business Structure & Tax Efficiency with Zhum Yee 💼
🌍 Are you making the most of your business structure and tax strategies?

In this episode, Zhum Yee, a seasoned accountant with 24 years of experience, shares invaluable insights into effective business structuring, asset protection, and tax planning. 🧾📊

Zhum explains the importance of using tools like SMSFs and family trusts to safeguard your assets and improve tax efficiency. 🚀✨ He also covers common accounting mistakes business owners should avoid, such as poor record-keeping, and guides you on when to transition from a sole trader to a company. Learn how to leverage holding companies for better risk management and make smarter financial decisions for your business. 💡

What you'll learn:
💼 Tax planning strategies for business owners
🏡 Asset protection tips using trusts and SMSFs
📈 Maximizing investments through family trusts and holding companies
🔄 Transitioning from sole trader to company structure
💰 Managing wealth creation across different financial structures

Timestamps:
0:00 - Introduction and Guest Background
2:48 - Personal Interests and Hobbies
4:48 - Understanding PAYG Withholding
8:21 - Tax Planning and Business Structures
10:11 - Avoiding Common Accounting and Tax Mistakes
14:14 - Asset Protection and Using Family Trusts
20:03 - Self-Managed Superannuation Funds (SMSF) Explained
33:36 - Optimising Tax Efficiency with Holding Companies
40:18 - Comparing Sole Trader vs. Company Structures
52:29 - Tax Planning Strategies for High Income Earners
58:14 - Conclusion and Contact Information

Meet Zhum Yee:
With decades of experience, Zhum has helped countless businesses optimize their financial structures and protect their assets. His deep expertise in accounting and tax strategies will empower you to elevate your business approach.

Connect with Zhum:
🌐 Website: https://swadvisors.com.au/zhum-yee/
👔 LinkedIn:   / smart-wealth-advisors  
📧 Email: [email protected]
📞 Phone: +61 2 9266 0201

Meet Victor Idoko:
Victor is a Chartered Financial Analyst (CFA) with a Master's in Commerce (Finance) and a Bachelor’s in Economics. 📚 He also holds an Advanced Diploma in Financial Planning. His passion is helping others achieve more rewarding lives through financial planning, whether it’s reducing stress, increasing financial security, or freeing up time. 🌟💰

Connect with Victor:
📸 TikTok:   / victoridokowlthadv  
👔 LinkedIn:   / victor-idoko-cfa-a5799076  

Follow us on social media:
➡️ Website: https://cfvservices.com.au/
➡️ Facebook:   / cfvservices  
➡️ Instagram:   / cfvservices  
➡️ LinkedIn:   / cfv-services  
➡️ YouTube:    / @victoridokocfv  

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