The Holistic Accountant

Send us Fan Mail This week Stuart & Mena discuss what is a dump company – also referred to as a corporate beneficiary or non-trading investment company. This discussing includes:   What is a corporate beneficiary and how is it used?  Advantages of a corporate beneficiary?  Disadvantages of corporate beneficiary?  Yet again, this topic demonstrates that any tax management strategies must align...

Send us Fan Mail This week Stuart & Mena discuss the key factors that people must consider when contemplating investing their super in direct residential or commercial property. Including:  Why you need a SMSF to do that   Borrowing capacity is based on the requirement of 30% deposit plus costs and history of super contributions  You must consider the Fund’s liquidity i.e., ability to fund a p...

Send us Fan Mail Mena and Stuart discuss how a business is valued:  The value of a business is equal to the present value of its future cash flows. Therefore, we must ask (1) what cash profit will it generate and (2) what are the risks associated with this income stream i.e., how likely is it that the business will generate these expected profits?  They discuss some 'rules of thumbs': mu...

Send us Fan Mail Mena Abraham and Stuart Wemyss discuss the top 3 reasons that we think accountants recommend setting up a Self Managed Super Fund (SMSF) and whether they have merit.  If this episode resonated with you, please leave a rating on your favourite podcast platform. It helps us reach more incredible listeners like you. Thank you for being a part of the journey! Click here to subscribe t...

Send us Fan Mail There are many reasons to improve the saleability of your business, including if it’s your plan to sell your business in the future, of course. Other reasons can include succession planning, to raise capital, reduce your working hours and so on. In this episode, Mena and Stuart discuss: The five steps involved in maximising the saleability of your business and what’s involved in e...

Send us Fan Mail Knowing how to scale your business is the fastest and most successful way to multiple your business’ profitability. That is why it’s important to consider if your business lends itself to scaling and if so, how to do it. In this episode, Mena and Stuart discuss: § Three examples of how business’ achieve saleability including building a well-known brand, productisation and build-in...

Send us Fan Mail Many business owners prepare a business plan when they first start their business. But this document is never looked at again. We encourage our clients to invest one day every two to three years to draft a practical and actionable business plan. In this episode, Mena and Stuart discuss: Why it's the best investment of your time. A business plan provides multiple benefits incl...

Send us Fan Mail If 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 probably the most important decision that a business owner makes. However, most business owners spend very little time setting prices. Mena and Stuart discuss: § Why pricing decisions are so important. § Common methods used to set prices. § Three prov...

Send us Fan Mail Cash flow is the lifeblood of any business. A business that generates an increasing amount of free cash flow as it grows can self-fund its future growth. It can grow infinitely. However, a business that doesn’t generate free cash flow will eventually die (without constant equity injections). This is the topic of episode four: how do you turn your business into a cash flow machine....

Send us Fan Mail Imagine 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 worth over $460,000 to you (in today’s dollars). That’s what you want your accountant working on. However, historically, accountants spend most of their time helping their clients meet all ATO compliance obligations such as preparing Business Acti...

Send us Fan Mail There are many non-financial reasons that encourage people to start their own business. But it’s important that you are fairly rewarded (financially) for your time, effort and risk. It might be your goal to build your businesses value and sell it one day. But as a plan B, you must direct a proportion of your annual profit towards building a personal nest egg. Stuart and Mena show...

Send us Fan Mail Your business structure is critical because it will dictate how much tax you pay, whether you will be able to build personal wealth effectively, if your assets are protected and your overall financial success. We see lots of costly mistakes. We discuss how to avoid these mistakes and structure your business to achieve personal success. If this episode resonated with you, please le...