Tax – Network Marketing
Tax – Network Marketing
We understand network marketing and have carried out mathematical modelling on manyof the network organisations that currently offer reward plans. We consult on how to structure your individual organisation and how to develop the maximum reward for the minimum product turnover and member sponsorship.
We also provide a bookkeeping/record keeping package so that you can structure your affairs for tax purposes.
There are a number of tax rules and concessions for networking activities and you need to be aware of what they are for your individual network. it is essential to be aware of these guidelines as a number of networks have minimum turnover thresholds that deny tax deductions if you do not have a turnover that exceeds the threshold. Network organisations take time to build and this requires careful planning so that you do not spend a lot of money without being able to claim the expenses as deductions.
Call us now on 03 9832 0900 to book your free, no obligation consultation to discuss your networking activities and how best to structure them to maximise your return on your efforts.