The Perfect Portfolio is a boutique financial institution that develops unique financial products to assist their clients in attaining and protecting their wealth.Most financial institutions are driven by ‘selling debt’ as opposed to wealth creation.We have dedicated ourselves to assisting our clients manage their finances wisely.We understand that it takes hard work, commitment and sometimes even a measure of luck to earn money.It is with this in mind that The Perfect Portfolio has developed with our partners two distinctly different yet unique financial products that we believe will enhance the portfolios of our clients.
Now for the first time in South Africa there is a range of financial products that have been designed specifically for franchisors and franchisees alike.After much research, The Perfect Portfolio in conjunction with Discovery is proud to launch The Franchise Activator which is made up of carefully selected financial products that will assist our clients not only to manage their risk, but create wealth at the same time.
In the case of death or becoming disabled, does the franchisee’s beneficiary have the specialist knowledge required to continue with the business?
Does the franchisee’s beneficiary have the will and drive to grow the business?
Will a forced sale lead to a below market related price for the beneficiary?
Is it possible that an outside party will come in and take over the business?
Will the brand of the franchise be protected during this uncertainty?
What will the impact be on the franchisor’s cash flow if a buy back agreement is in place?
•the franchisor and the franchisee agree that, in the event of you dying or becoming disabled, the franchisor will buy the deceased or disabled franchisor’s franchise at a pre-determined price.
•the repurchase of the franchise by the franchisor through a correctly structured life insurance policy.
•life assurance is a cost-effective and practical way to fund the arrangement.
•the franchisee’s estate will receive an immediate payout for the value of the business.
•the value is pre-determined and agreed upon by the franchisor and the franchisee.
•the franchisor will avoid the negative impact that the repurchase will have on its cash flow.
It is well documented and we are all aware that SARS are becoming more competent and more aggressive in targeting small to medium size companies, and the risks are pretty high that there could be substantial tax liabilities should SARS do an audit on your business.You as a small to medium size business owner can now for the first time in South Africa, for a nominal membership fee, call on top tax professionals when the need arises.Tax-Radar is an online tax risk management tool that helps to provide tax risk reduction guidance to small and medium size business owners, without incurring the heavy expenses of full- or part-time tax specialists.While aimed at companies with taxable incomes of under R20 million, we are able to offer larger companies the same product once an assessment has been completed.tax-Radar, with the online tax risk assessment tool, also offers its clients a comprehensive tax and legal team to handle the tax risks of taxpayers in a very cost efficient manner similar to the workings of an insurance policy.
Benefits to you as business owner
• a comprehensive Tax Risk Matrix is completed.
• tax risks are identified and assessed.
• access to a panel of tax accountants and tax lawyers to provide you with assistance.
• full professional representation from the time of the Letter of Findings until the matter is finalised.
• you receive a bi-monthly subscription of TAXtalk.
• e-mail alerts will be sent to you with urgent reminders.
• a copy of the TRM tax-Radar 7 Steps Special Report will be made available to you to follow during educational ‘webinars’ (online seminars).
• the Tax Risk Matrix will be updated by you every six months.
• follow up webinars.
• above all else – total peace of mind.
The Perfect Portfolio is proud to offer our clients tax-Radar–a unique product that not only enhances your own knowledge of important tax issues, but gives you access to top tax professionals which in turn ensures that you can have total peace of mind that your tax risk is taken care of.At The Perfect Portfolio we offer our clients a broad range of products and exceptional service backed by a group of highly successful advisers and professionals–financial enlightenment indeed.
Source: By Paul Jones (TaxTALK)