Robert King is a self-professed “boring accountant” and has been helping business owners for over 20 years. He obtained his formal accounting qualification from the University of South Australia before moving to the bright lights of Sydney in the early 90’s where he worked for various accounting practices advising on tax and business structuring. Now residing in sunny Queensland, Robert is a fully qualified Chartered Accountant, Registered Tax Agent & Xero Guru. He spends his time helping clients through all stages of the business cycle from setting up a business through to its eventual sale.
Latest Episode
What is tax planning? Robert King, Xperion Accountants
Wed 10:00am 15 Aug 2018 Accountants like Robert are at their busiest during the months of May and June mainly because they're off tax planning for their clients. Tax planning is a process businesses go through before 30th June every year. It's where accountants sit down with clients and go through the year they've had and look forward hoping to clear out tax complications.
What Robert does is look for a good set of numbers and estimate what the year is going to look like for his clients, tax-wise. In preparing for this busy period, he encourages his clients to do their 'March Best'. After coming up with figures for June, he then 'massages' the numbers to try and avoid tax problems and minimise tax that the client pays (as much as he can).
If you're familiar with the Xperion website, you might've stumbled upon their article about the 30 simple ways to reduce tax. Super is a big part of reducing tax, and tax planning is a vital process in order to deal with Super in a timely manner. The art of tax planning is all about doing it on time, and knowing what you did with your time.
Businesses experiencing a better year than their previous one may be required to pay more tax, but planning ahead with your accountant could make all the difference.
In all his tax planning experience, Robert says that there are two types of clients; those who do official tax sessions (or a long and arduous face-to-face meeting with the accountant to talk about how 'profitable' the business has become), and number two: those who just pick up the phone and talk to Robert for just 15 minutes (generally about how their business is doing, numbers-wise).
Robert and his "boring" team from Xperion Accountants encourage clients and individuals alike to begin the simple conversation about tax planning. Simply pick up the phone and give them a call today. Don't worry, Xperion won't bill you for asking questions or making phone calls to them. To contact Xperion, check out www.xperion.com.au and chat with their qualified, reputable and experienced team today.
DISCLAIMER: The information and discussion presented in the video and its accompanying media are shared for general information purposes only. If any content presented appeals to you in any way, it is not to be taken as advice but as a reminder to talk to your accountant about your specific circumstance. Check out xperion.com.au where you can find ways on how to contact an Xperion Accountant near you.
Other Episodes
Are my personal assets protected by having a company? Robert King, Xperion Accountants
Fri 10 Aug 2018
Don't mean to take the job personally, but company directors can be personally liable for debts their companies incur. Our resident expert accountant Robert King from Xperion Accountants issues warning.
How do I reduce my payroll tax? Robert King, Xperion Accountants
Wed 01 Aug 2018
Is there a secret strategy to reducing Payroll Tax? Resident expert accountant Robert King from Xperion Accountants shares his knowledge about the subject (and so much more) in this episode.
I have cashflow problems - Robert King, Xperion Accountants
Sat 07 Apr 2018
Many business people will tell you that "cash-flow is king" and seems so often we forget to the peril of our profitable businesses. So why is it that we let Debtors creep out to 30,60,90 days - it's ...
What do I need to do before hiring staff? - Robert King, Xperion Accountants
Thu 29 Mar 2018
Looking to hire staff soon for your business? Learn about what to consider in this edition of the eCentral Business Show featuring Robert King from Xperion.
What software does my business need? - Robert King, Xperion Accountants
Wed 21 Mar 2018
The software you use in your business is critical to its smooth day-to-day operations. In this edition of the eCentral Business Show, Robert King from Xperion shares some of his hot picks for your business.
The top 5 mistakes when starting a business - Robert King from Xperion
Thu 15 Mar 2018
The eCentral Business Show introduces Robert King of Xperion - a Brisbane based accounting practice like no other. In this fireside chat John Nayler, they discuss the top 5 mistakes business startups make.
When is my business too big for Xero with Robert King from Xperion Accountants
Tue 26 Dec 2017
We speak with Robert King and ask the question is my big business too big for Xero. Xero has been considered a savior for small and medium business as it has risen to become the most popular accounti ...
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