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What happens when a long-term business owner walks in feeling exhausted, overwhelmed, and ready to shut everything down?

In this episode of the My Accounting Advantage podcast, Mai Harris takes us behind the scenes of a powerful real‑life case study that highlights the impact of seeking the right advice at the right time. What began as a conversation about exiting a business became an opportunity to reduce tax, protect wealth, and rebuild confidence, saving a client $17,500 in tax in just 90 minutes, and restoring much‑needed clarity and calm.

In one focused meeting, a business owner considering an exit discovered that with the right sequencing and thoughtful planning, she could exit calmly, protect what she had worked decades to build, and make decisions that supported her long‑term financial goals, rather than reacting under pressure.

Mai walks through how the business exit was carefully structured, how costly mistakes were avoided, and how strategic use of small business CGT concessions and superannuation contributions transformed what felt like a failure into a well‑planned, tax‑effective transition.

In this episode, Mai covers:

• The often‑unseen emotional toll of running a business when things aren’t going well
• How and when to exit a business without rushing costly decisions
• Why timing and sequencing matter when closing a business
• The CGT exemptions available to eligible business owners
• How superannuation contributions (including carried‑forward caps) can significantly reduce tax
• Why acting without advice can cost hundreds of thousands of dollars
  How the right plan can not only protect your wealth, but help you build toward your long‑term financial goals

Before making any big financial moves, business or otherwise, pause and speak to an advisor who understands your bigger picture and how it will work together. What feels urgent today may look very different with the right strategy in place.

Mai has created a practical checklist to help you make informed decisions before acting. To get your copy:

• Visit myaccountingadvantage.com.au
• DM “Checklist” on Instagram @the_maiharris

Learn more about My Accounting Advantage

Disclaimer

The advice contained in this presentation is general in nature only and should not be acted on without first seeking professional advice.

Your personal circumstances have not been taken into account, and you should consider the appropriateness of the advice to your individual needs.