It’s Back-ish: Trading Trusts & Cotchy Vs Xero

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A linked in post titled Cotchy Vs Xero shows how well the accountant, Pat Mannix from Paris Financial, understood his clients (startups) and how different they were to the needs of his traditional 70 staff practice in Melbourne.

Like most accountants Pat is passionate about what matters to his business, and his clients. Listen to hear why:-

  • Client’s by because of the service they get not the tech the accountants use

  • Discretionary (Family) Trusts are still an excellent tool for saving tax

  • Accountants know more about SMSF’s than most other professionals yet still can’t advise on the them properly.

Agree? Disagree? Think more info is needed? JOIN THE CHAT below.

To keep the convo professional, first check out Rebecca Mihalic’s response to Pat’s thoughts on the use of discretionary trusts.