Latest / Beyond Sovereignty / #051 - The ATO Isn’t The Bad Guy… (Stay With Me On This)

Transcript

#051 - The ATO Isn’t The Bad Guy… (Stay With Me On This) · Beyond Sovereignty

• 0:00
  Most people believe the ATO's whole job is to take as
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  much off you as they can. But the reality is
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  the ATO applies the rules of whatever structure you
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  choose. And there are three things that can change the moment you
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  choose a different structure. Over the past 20 years,
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  I've helped hundreds of entrepreneurs to set up and run
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  not-for-profit structures legally and compliantly. So
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  in this episode, I'm going to be stepping you through what the ATO is
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  actually there to do, why it wrote to us the
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  way it did and where the ACNC fits in
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  beside it. What do you mean the ATO isn't the bad
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  guy? I know. I thought my whole life they were just trying
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  to steal off me. I remember the day my mum took me into the ATO office when
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  I was 13 years old and she said, okay, now you've got a tax file number and
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  the ATO is actually going to take 10 to 30% of everything that you own. I'm
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  like, I make $10 an hour. How are they taking their money off me? This
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  makes no sense. People are stealing from me. She's
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  like, it's to fix the roads. I was like, I really don't
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  think it is. So that really triggered me right from the word go
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  from when I was a teenager. I'm wondering when you had the moment where you were like, screw
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  these guys, what they're taking from me, I don't
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  like the job that they're doing. They're not doing a great job. And
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  then if you actually look in deeper, is the ATO's Are
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  our taxes actually staying in Australia? Are they? Have you
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  looked into it? I've looked into it very thoroughly over the last 20 years.
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  I suggest before you pay your taxes, you look where they go. See if you're
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  okay with it. Are you okay with it? I don't know.
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  Anywho, we'll move on. So, when we
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  got into the not-for-profit space, everything changed because
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  tax-exempt entities, not-for-profit. So, is
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  the ATO the bad guy? Not really, we're just using the wrong entities, right?
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  If you're in a PTY LTD and you hate paying tax, you ain't in the right entity.
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  Maybe you should be in an entity where you're going to be of more service and help more people
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  and get government support to help more people and then you don't have to pay tax. Lit,
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  right? Like it's actually really great. So why is
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  the ATO a bad guy when you're just in the wrong structure? See, they're
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  not bad. They're like money. Money is like lit, right?
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  The ATO can be awesome as well. You've just got to
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  be in the right structure so they can support you in the way that they are actually designed
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  to. Now, why did I
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  feel so amazing when we got our email from ATO, from
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  the first charity that we ever set up? We got this surprise email.
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  I was not expecting it. I remember it so clearly the
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  day that we set up our first charity. It
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  was when our ACNC full charitable status was approved. We'd
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  already had ASIC registration like, I don't know,
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  months before that, months and months before that. And then we
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  received this email from the ATO that literally says,
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  congratulations, you are tax exempt. We
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  are going to backdate your tax exemption. from
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  like six months ago. And we've also got
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  other exemptions that are possible for you. Please contact us
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  because we would like to support you more. It was like music
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  to my ears. It was like Santa Claus was coming down a chimney and just
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  told me all of these amazing miracles. I was like, this is the best. Oh
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  my gosh. We have just been set up the wrong way.
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  The ATO actually wants to support people doing
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  good work. And I can guarantee you, I
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  can almost guarantee you, if you're watching this podcast, you're probably a
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  really great person who wants to do great things in the world. Guess what? Guess
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  who wants to be your number one supporter? The ATO.
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  They want to support you so bad. They're not bad. We've
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  just been set up wrong before and our solicitors are giving us crap information because
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  they always want to keep us in this little box, this little
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  box of taxable entities. And I'm just saying, live
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  outside that box where there's freedom and support from the government, because
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  yummity yum yum. That's all I'm going to say on that. Now, why do most business
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  owners treat the ATO like the enemy? Well, because they're
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  sucking all of their life force and money out of them. Of course. 30 to 70% of
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  every dollar goes to taxes. So of
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  course you would treat them like the enemy because you realise that they're stealing off
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  you. And then when you think about all of the money that they're stealing off
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  all of these businesses, you think, what are they doing with it? And
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  if you're smart, you would have looked to see if the ATO's money stays
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  in Australia. And then you realise that it doesn't and you realise what they're spending
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  the money on and that's a whole rabbit hole that I
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  hope you don't have to go down. Because there is another way you
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  could just have a really great structure set up so that the ATO doesn't have
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  to take your cash from you and you are structured in a way where the ATO is
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  like, here is some amazingness on a platter for you.
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  How else can we be of service? Like, I love those days.
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  I love sending those emails to our clients. It literally makes my heart so
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  happy when they're like, Oh my God, this is real! Because yes,
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  even our clients, no matter how long they've been working with us,
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  sometimes it's really nice for them to be able to receive emails
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  from ASIC and the ATO and the ACNC from the government being like,
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  we love what you're doing, we support you. Here are more ways that we want to support you.
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  And you're like. Oh my gosh, I've been waiting my whole
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  life for this. I've been fighting these guys. And there's no need to fight the
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  guys, because actually, they're not bad. They're impartial.
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  It's just the energy that we give them, just like money. What
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  is the ATO actually there to do? Now, it
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  really depends on which perspective you would like to take
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  on this one, because they are there to extract funds
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  from anybody that's an income earner or any Pty Ltd.
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  or any business, right? They're there to extract as much
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  funds from you as possible to put into the organisation
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  of spending money on all of the horrendous things that they do, pretty
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  much, right? and that is what we sign up for. So
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  if you don't want to be an income earner and you don't want to have a PTYLTD that
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  pays taxes, then you just need a different structure and you need to be structured
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  in a better way. That's all. The ATO is a choice, depending
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  on which structure you have. So if you don't want to work with them, then just choose another choice.
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  But also, when you have a charity, you also do work
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  with the ATO, but you work with them in a way where they're like, your bestie, and
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  they hold your hand, and they're like, we're so happy to support you
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  because what you're doing is awesome, because guess what, we're not doing awesome stuff. You know, it's
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  exactly like other charities, not ours that we've created because we only
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  help legends, but it's like other charities that
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  exist that are doing really bad things in the world, like
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  really bad things in the world, but then, sorry,
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  organizations that are doing really bad things in the world, but then they've got a charity to
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  make up for the shit that they're doing. That's why the ATO, I feel like,
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  loves charities, because they're doing all of this, like, you know, sucking people's
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  life force and energy out of them and their cash, and then that,
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  and then so they want to support charities, because guess what, we're doing awesome stuff. We're
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  helping humanity, yay, look at us, we're helping humanity and saving the environment,
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  doing great work, right? So of course they want to help us, because it
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  counterbalances their Satanism, I don't know, you know, whatever. Now
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  why would the ATO backdate an exemption? because
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  they love your work. They love what you're doing. The ATO supports you,
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  and so they're gonna backdate your exemption because they're like, these guys, look
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  at what they're doing. They're doing some great things in the world. They're
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  gonna do all of the things that we're not gonna do, so how
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  can we support them? Well, the first thing that we can do is we can backdate them,
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  and then we'll also let them know of other ways that we can support them, because guess what? We're
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  the ATO, and you are in the right structure for us to support you. Legends.
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  Now, what did I have to do to get that email? First of
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  all, we had to register with ASIC. Then we had to apply
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  to the ACNC and have communication with
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  them. And that was really it, because the ACNC and
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  ASIC informed the ATO that we're Epic Legends and
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  that we're doing amazing work in the world. And so then the ATO just contacted
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  us out of the blue and sent us an email saying, we love what you're doing.
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  We want to support you more. Best days ever. I
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  hope you get that day too. Now what does the ATO still expect
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  from you once you're exempt? I mean it depends because
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  it depends on your charity whether you've got DGR status. Definitely get
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  DGR status. because DGR status means
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  that you are a deductible gift recipient, right?
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  Which means if anybody donates into your charity, then you can provide
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  them with a DGR receipt, deductible gift receipt, and
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  it means that they can offset their donation through their taxes
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  as well. So they're going to get like really great benefits from donating to
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  you. Because like let's say any of your friends or family has a business
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  or income tax or anything that they, you know, any
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  of these things and they want to have their taxes
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  go to you instead of the ATO, the ATO supports that too. So
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  you can get them to donate into your organisation and then you provide them
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  with an ATO receipt, like a receipt, a DGR receipt from
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  the ATO and then, guess what? then they get exemptions
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  as well. So it's pretty cool, it's pretty cool. And
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  you've got to abide by the rules of the ATO
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  so that you can be able to administer your DGR
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  receipts, so that you are doing all of the necessary compliance
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  to stay tax exempt. So with the
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  ACNC, which is the Australian Charitable Not-for-Profit Commission, it
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  means that there is annual compliance. Yes, it's not quarterly like
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  other entities, it's annually. How amazing is that? So
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  when you have annual compliance, you need
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  to adhere to that annual compliance. and the ACNC and
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  the ATO communicate, and they know that you're doing
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  a great job. So make sure you stick to that compliance. Or if you work with us,
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  we have an AI agent that helps you with that. Yes, we are amazing. So you
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  can contact us if you don't want to do all that compliance yourself,
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  because our organisation has that all set up for you. I know, no
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  other lawyers or accountants do that. Lol, just we do. You're
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  welcome. Now, what's the fastest way to turn the
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  ATO back into a problem? I love this. Obviously,
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  don't do what they're asking. Don't do your compliance, don't
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  do the things that they're asking, and do things illegally. That
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  is how you get the ATO on your back. But if you want to have
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  a nice, easy life and just be purpose-led and have the ATO
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  support you and the ACN support you, then just
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  be compliant. And of course, our AI agent
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  can help you with that because you're welcome. It's amazing. Yes, I create it
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  because any problems that our clients have, not problems, but anything
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  that our clients don't like to do, we help them. We create AI
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  agents around that. We create new documents. We create new videos to support
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  them so that they don't have to do the annoying thing because guess what? Live your
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  best life ever. Live your best life ever. Be on purpose and
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  help more people. You're welcome. The world needs
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  you. Humanity is waiting for you. What would I say to
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  a business owner who's been scared
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  of the ATO their whole working life? You're just like everybody else.
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  It's okay. Our families have been programmed from
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  generations ago. and what you're experiencing is
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  100% normal. Everybody, when they come to
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  us, is scared of the ATO in some way, shape, or form. They
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  are what we call, what we used to call in the sovereignty space, paper
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  tigers. They exist on paper. They rarely, I
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  don't know anybody that's, they don't come to your door, but they are
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  paper tigers. And we are so programmed over
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  generations to think that these people are gonna come and take us away and take us to
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  jail. How many of your friends does that happen to? You know, like, just
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  because you didn't pay your taxes doesn't mean you go to jail. And I'm not saying don't pay
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  your taxes. I'm 100% not saying that. But I am saying that
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  you being scared of the ATO is normal.
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  It is the program of society. So
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  don't beat yourself up about hating the ATO. Don't beat yourself up about being
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  scared of the ATO. you are just programmed like
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  every single one of us who went to school. Anybody that went to
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  school, a normal school, was 100% programmed to
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  think that the ATO and our taxation bodies are our authority
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  and we need to give our power away to them constantly, when it's just
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  not the case, when you're in the right structure. So the
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  ATO's job is not to take from you. But what if your job
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  could be to take more from the ATO? Wouldn't that be lit
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  as Yes it would, excuse my French. So
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  I hope this episode has inspired you to not be scared
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  of the ATO and instead see what you can claim from them rather
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  than them taking from you. Because the ATO is
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  a body that is able to share wealth
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  with you for your organisation to be able to help
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  more people. So help more people with the ATO's money. That is
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  literally what you can do. Now, I am so
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  grateful to have brought this episode to you today. It literally lights
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  my heart up so much to be able to share. And especially
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  with this episode, because so many people, like everybody that I've ever met, is
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  scared of the ATO and the taxation department. And I hope that this has
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  created some relief in your nervous system, in your mind,
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  and in your life. and opens up
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  possibilities of what you can actually create and
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  how you can live differently so that, you know, you don't get stomach
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  ulcers from the taxation body. It's really unnecessary. Yeah. So
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  thank you so much for your time today. It has been an absolute gift and
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  I'm so honoured to be able to share this time with you. So thank