The Holistic Accountant
Episodes
Should you own a car through your business?
05 Mar 2024
Contributed by Lukas
Send us a textIn this episode, Stuart and Mena dive into a critical question: Should you own a car through your business? Building on a previous disc...
Offering customers discounts – should you, when, how and why?
27 Feb 2024
Contributed by Lukas
Send us a textEmbark on a strategic journey to business excellence with Stuart and Mena in this enlightening episode, where they unravel the intricaci...
Understanding & improving your business model
19 Feb 2024
Contributed by Lukas
Send us a textDive into the intricacies of business success with Stuart and Mena in this illuminating episode, where they unravel the importance of un...
Business exit strategy - personal considerations
13 Feb 2024
Contributed by Lukas
Send us a textJoin Stuart and Mena in this episode as they unravel the crucial considerations for business owners contemplating retirement. With a tre...
Do you have too many products and/or services?
06 Feb 2024
Contributed by Lukas
Send us a textIn this episode, join Stuart and Mena as they unravel the key strategies for optimising business profitability by streamlining your prod...
Sub-dividing land – tips and traps
12 Dec 2023
Contributed by Lukas
Send us a textIn this episode, Stuart and Mena discuss strategies to sub-divide land and common traps that people fall into, including:Revenue v. capi...
Getting your business ready for sale
05 Dec 2023
Contributed by Lukas
Send us a textIn this episode, Stuart and Mena discuss strategies that can optimise your sale proceeds and the marketability of your business, includi...
Tax-effective home repayment case studies
28 Nov 2023
Contributed by Lukas
Send us a textIn this episode, Stuart and Mena discuss strategies that optimise your ability to repay your home loan, including:Everyone's situat...
How to receive and leave an inheritance and minimise tax
21 Nov 2023
Contributed by Lukas
Send us a textIn this episode, Stuart and Mena discuss tax-related matters that apply to inheritance, includingAustralia doesn’t have an inheritance...
Should you go into business with family or friends? If so, how?
14 Nov 2023
Contributed by Lukas
Send us a textIn this episode, Stuart and Mena discuss matters to consider if you plan to employ or go into partnership with family or friends, includ...
How to unlock the most value from your accountant
07 Nov 2023
Contributed by Lukas
Send us a textIn this episode, Stuart and Mena discuss how to proactively manage your accountant to get the most value. Timely and clear lines of co...
How to read a set of financial statements
31 Oct 2023
Contributed by Lukas
Send us a textIn this episode, Stuart and Mena share tips on how to read a set of financial statements. Familiarise yourself with the 2 to 3 main sta...
Payroll management: what system to use?
24 Oct 2023
Contributed by Lukas
Send us a textIn this episode, Stuart and Mena discuss how to manage your payroll to ensure you comply with employment laws. Key factors that you mus...
Best practice BAS lodgement – who should do what and when
17 Oct 2023
Contributed by Lukas
Send us a textIn this episode, Stuart and Mena discuss what is involved in preparing and lodging BAS and common mistakes and pitfalls. What should yo...
How does the PAYG instalment system work?
10 Oct 2023
Contributed by Lukas
Send us a textIn this episode, Stuart and Mena discuss how the PAYG instalment system works for all taxpayers including business owners. What is the ...
Getting money out of a bucket company
03 Oct 2023
Contributed by Lukas
Send us a textIn this episode, Stuart and Mena discuss what to do with your trapped funds in your corporate beneficiary:Look at your structure of the ...
Mastering the art of delegating so you can grow your business
26 Sep 2023
Contributed by Lukas
Send us a textIn this episode, Mena and Stuart discuss how and when to start delegating roles in your business so that its less dependent on you, incl...
What can and can’t a SMSF invest in?
19 Sep 2023
Contributed by Lukas
Send us a textIn this episode, Mena and Stuart discuss what you can and can’t invest in a Self-Managed Superannuation Fund.Standard investments incl...
Best way to use your business build personal wealth
12 Sep 2023
Contributed by Lukas
Send us a textIn this episode, Mena and Stuart discuss how we typically advise our clients to use their business to build personal wealth, including: ...
Key financial ratios to measure the health of your business
05 Sep 2023
Contributed by Lukas
Send us a textIn this episode, Mena and Stuart discuss several financial ratios that you can use to monitor the health of your business, including: T...
Capital raising for your business
29 Aug 2023
Contributed by Lukas
Send us a textIn this episode, Stuart and Mena discuss alternative methods of raising funds considering increased interest rates, including:Convertibl...
Did you have to pay more tax on super contributions (Div. 293 tax)?
22 Aug 2023
Contributed by Lukas
Send us a textIn this episode, Mena and Stuart discuss whether staff will be deemed contractors or employees, including: What is Div. 293 tax and whe...
Should you employ contractors or employees?
15 Aug 2023
Contributed by Lukas
Send us a textIn this episode, Mena and Stuart discuss whether staff will be deemed contractors or employees, including: The 7 guidelines that the AT...
Tax bonuses and incentives for business in FY23 and FY24
08 Aug 2023
Contributed by Lukas
Send us a textIn this episode, Mena and Stuart discuss 3 tax incentives that are available for businesses in the FY23 and FY24 years, including: The ...
How to choose a great accountant – an insiders perspective
01 Aug 2023
Contributed by Lukas
Send us a textIn this episode, Mena and Stuart discuss what they think makes a great accountant, including: The difference between a satisfactory acc...
The pros and cons of holding investments in a family trust
25 Jul 2023
Contributed by Lukas
Send us a textIn this episode, Mena and Stuart discuss the pros and cons of using a family trust to own your investments, including: What is a trust?...
Tips for managing a happy and productive team
18 Jul 2023
Contributed by Lukas
Send us a textIn this episode, Mena and Stuart share their tips and strategies for managing a happy and productive team, including:You can’t run a g...
Simple things you can do that produce big results
11 Jul 2023
Contributed by Lukas
Send us a textIn this episode, Mena and Stuart discuss some simple things you can do or steps you can take to dramatically improve your business, incl...
How businesses can navigate high inflationary environments
04 Jul 2023
Contributed by Lukas
Send us a textIn this episode, Mena and Stuart discuss how to deal with the challenges that high inflation is causing business, including:High inflati...
How to own investment properties – trust, company, personal name, etc.?
27 Jun 2023
Contributed by Lukas
Send us a textIn this episode, Mena and Stuart discuss the factors to consider when structuring the ownership of investment properties, including: Ta...
What to consider when buying into a business
20 Jun 2023
Contributed by Lukas
Send us a textIn this episode, Mena and Stuart discuss the factors to consider when buying into a pre-existing business, including: How to value the ...
When should you start employing staff?
13 Jun 2023
Contributed by Lukas
Send us a textIn this episode, Mena and Stuart discuss when a small business should start employing staff I.e., what to consider, including: Why del...
Is it worthwhile engaging a business coach?
06 Jun 2023
Contributed by Lukas
Send us a textIn this episode, Mena and Stuart discuss what a business coach does and whether they are worthwhile, including: The importance of acc...
2023 tax planning ideas and tips
30 May 2023
Contributed by Lukas
Send us a textIn this episode, Mena and Stuart discuss the common tax planning matters that you should consider prior to 30 June, including: Completi...
What tax deduction am I entitled to as an investor?
23 May 2023
Contributed by Lukas
Send us a textIn this episode, Mena and Stuart discuss tax deductions investors can claim, including:What expenses are considered capital and how they...
What is a service entity and when should I use one?
16 May 2023
Contributed by Lukas
Send us a textIn this episode, Mena and Stuart discuss what factors what a service entity is and when to use one including: How service entities are ...
Should you own your business premise?
09 May 2023
Contributed by Lukas
Send us a textMena and Stuart discuss what factors you must consider when deciding whether to buy the property that you use to operate your business. ...
Beware: Unknown payroll tax liabilities
02 May 2023
Contributed by Lukas
Send us a textMena and Stuart discuss how state governments are targeting business to raise more payroll tax revenue including:What types of businesse...
Tax incentives for business people to buy an electric vehicle
25 Apr 2023
Contributed by Lukas
Send us a textMena and Stuart discuss the tax incentives resulting from self-employed people buying electric vehicles in their businesses name inclu...
Tax minimisation opportunities for PAYG employees
18 Apr 2023
Contributed by Lukas
Send us a textMena and Stuart discuss what PAYG employee can do to minimise tax including: The importance of focusing on maximising wealth after-tax ...
Are holiday homes tax-effective investments?
11 Apr 2023
Contributed by Lukas
Send us a textThis week, Mena and Stuart discuss the tax consequences of renting out your holiday home including: How the ATO is targeting these arra...
Is spending money on entertainment tax deductible?
04 Apr 2023
Contributed by Lukas
Send us a textStuart & Mena discuss the following considerations with respect to entertainment expenses: The What, When, Why and Where factorsWhe...
Will buying a motor vehicle help you minimise tax?
28 Mar 2023
Contributed by Lukas
Send us a textThis week, Mena and Stuart discuss: Common strategy recommended by a lot of accountants, but it does it provide much tax savings?String...
How can you tell if your accountant is doing a good job or not
21 Mar 2023
Contributed by Lukas
Send us a textThis week, Mena and Stuart discuss how to tell whether your accountant is doing a good job or not. We discuss: The fact that fees tend...
Start-ups: what are blockhole expenses and how to treat them
14 Mar 2023
Contributed by Lukas
Send us a textThis week, Mena and Stuart discuss: What is blackhole expenditureTypes of expenses included under blackhole expensesHow to treat these ...
How to build a consulting/professional services business
07 Mar 2023
Contributed by Lukas
Send us a textThis week, Mena and Stuart discuss how to build a consulting/professional services businesses, including Rule of One ThirdExpense manag...
What costs are deductible when you buy an investment property
28 Feb 2023
Contributed by Lukas
Send us a textThis week, Mena and Stuart discuss what costs are deductible when you buy an investment property including How to treat all capital cos...
How to manage your stock on hand to maximise profit
21 Feb 2023
Contributed by Lukas
Send us a textThis week Mena and Stuart discuss tips on how to manage your stock on hand to maximise your business’ profitability, including: Why s...
What you must know about trust distributions
14 Feb 2023
Contributed by Lukas
Send us a textThis week Mena and Stuart what you must know about trust distributions. Main points include: Not presently entitled to income is taxed ...
Intersection of investment and taxation advice (case study)
07 Feb 2023
Contributed by Lukas
Send us a textThis week Mena and Stuart discuss how investment and taxation advice intersect using a real client as a case study. Main points include:...
Should you pay yourself a salary?
31 Jan 2023
Contributed by Lukas
Send us a textThis week Mena and Stuart discuss the common factors that business owners should consider when deciding whether to pay themselves a sala...
Great Xero apps that will streamline your business
13 Dec 2022
Contributed by Lukas
Send us a textThis week Mena and Stuart discuss some of the most popular apps that plug into Xero that help business owners optimise and streamline wi...
Tax-free capital growth: Make the most of your main residence CGT exemption
06 Dec 2022
Contributed by Lukas
Send us a textThis week, Mena and I discuss rules in relation to the main residence CGT exemption. There aren’t many things that are tax free, so yo...
What to look for in a bookkeeper (and how to find a good one)?
29 Nov 2022
Contributed by Lukas
Send us a textThis week, Mena and I discuss how to choose a bookkeeper, including: When you should be doing your own bookkeeping?If your business as ...
Does becoming self-employed help me pay less tax?
22 Nov 2022
Contributed by Lukas
Send us a textThis week, Mena and I discuss whether becoming self-employed helps you reduce the amount of income tax you pay. We discuss: The Person...
How do franking credits work?
15 Nov 2022
Contributed by Lukas
Send us a textThis week, Mena and I discuss how franking credits (aka imputation credits) work and how integral they are when it comes to tax planning...
How do I maximise negative gearing tax benefits from investing in property?
08 Nov 2022
Contributed by Lukas
Send us a textMena and I discuss how to: · Maximise your interest tax deductions and ensure your loans are structured in a way that ensures ...
How do you buy a business?
01 Nov 2022
Contributed by Lukas
Send us a textThis week Stuart & Mena discuss how to buy a business including: How to find a good business to buyNegotiating a fair price How t...
What is due diligence?
25 Oct 2022
Contributed by Lukas
Send us a textThis week Stuart & Mena discuss due diligence. Due diligence includes the process to assess the assets, cash flows and risks associa...
How much super do you need to have to justify setting up a Self Managed Super Fund?
18 Oct 2022
Contributed by Lukas
Send us a textThis week Stuart & Mena discuss what super balance you need to have to justify setting up a SMSF. This discussing includes: Be c...
What is a dump company
11 Oct 2022
Contributed by Lukas
Send us a textThis week Stuart & Mena discuss what is a dump company – also referred to as a corporate beneficiary or non-trading investment com...
Can I use my super to invest in property?
03 Oct 2022
Contributed by Lukas
Send us a textThis week Stuart & Mena discuss the key factors that people must consider when contemplating investing their super in direct residen...
How do you value a business?
26 Sep 2022
Contributed by Lukas
Send us a textMena and Stuart discuss how a business is valued: The value of a business is equal to the present value of its future cash flows. There...
What are the top three reasons accountants recommend establishing a SMSF?
19 Sep 2022
Contributed by Lukas
Send us a textMena Abraham and Stuart Wemyss discuss the top 3 reasons that we think accountants recommend setting up a Self Managed Super Fund (SMSF)...
How to prepare your business for sale and maximise your after-tax proceeds
09 Jun 2021
Contributed by Lukas
Send us a textThere are many reasons to improve the saleability of your business, including if it’s your plan to sell your business in the future, o...
How to scale your business to multiply your profits
27 May 2021
Contributed by Lukas
Send us a textKnowing how to scale your business is the fastest and most successful way to multiple your business’ profitability. That is why it’s...
How to prepare a practical and actionable business plan - and why it's so important
13 May 2021
Contributed by Lukas
Send us a textMany business owners prepare a business plan when they first start their business. But this document is never looked at again. We encour...
A business owners most important decision is setting the price of their product or service
28 Apr 2021
Contributed by Lukas
Send us a textIf your net profit margin is 20% and you increase your price by 10%, you will increase your profit by 50%! That is why pricing is probab...
How to turn your business into a cash flow machine (self-fund growth and personal needs)
15 Apr 2021
Contributed by Lukas
Send us a textCash flow is the lifeblood of any business. A business that generates an increasing amount of free cash flow as it grows can self-fund i...
What should you ask your accountant to focus on?
31 Mar 2021
Contributed by Lukas
Send us a textImagine your accountant came up with an idea that would save you $30,000 in tax each year for the next 20 years. That one idea would be ...
How to ensure your business helps you achieve your financial and lifestyle goals.
17 Mar 2021
Contributed by Lukas
Send us a textThere are many non-financial reasons that encourage people to start their own business. But it’s important that you are fairly rewarde...
Common business structuring mistakes and how to avoid them
01 Mar 2021
Contributed by Lukas
Send us a textYour business structure is critical because it will dictate how much tax you pay, whether you will be able to build personal wealth effe...