One Word Suggestion: Taxes

Welcome to One Word Suggestion

Hosted by: Eran ThomsonThis week's word is: Taxes

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Show notes:

Links:

* https://www.forbes.com/sites/johnhall/2019/05/09/the-cost-of-turnover-can-kill-your-business-and-make-things-less-fun/?sh=487530067943

This podcast is intentionally short and sweet, so don't expect too much from the notes. We will, of course, share links and details of things discussed in individual episodes as appropriate - and that's about it. The main thing to know is every episode of this show starts with a one-word suggestion, and there's no reason the next one couldn’t come from you.As long as its not "dildo."

Transcript:

The wealthiest man in the world, Amazon founder Jeff Bezos, allegedly paid zero tax in 2020.

But rich people don't pay less tax because they're cheaters. They pay less because they know how to play the game.

Or at least their accountants do. Navigating the ever-changing and complicated world of tax law is a full-time job. So if you've got the money, it makes sense to hire someone to help you keep more of it, legally

Whether this is fair is another story. The point is, you have to know the rules before you can take advantage of them.

In business this applies to profit as well as to your most valuable asset of all, people.

The basic rules of human behavior around communication, collaboration, teamwork, listening, and building on each other's ideas, can be almost as complicated as tax law.

But once you have a clear understanding of how things can work, unforetold riches abound.

And one of the best ways to grow your people is to train them in the art of improvisation. Hiring an improv trainer is like hiring a good accountant. The best ones will help you make more, save more and keep more of what (or who) y