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In this episode, Mena and Stuart discuss whether staff will be deemed contractors or employees, including: 

• What is Div. 293 tax and when does it apply
• Is it still worthwhile making additional contributions? 
• Can you avoid Div. 293? 
• Should you pay the tax from super or personal funds? 
• What happens if you breach the concessional cap? Should you take the money as cash salary?   

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!

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SPECIAL OFFER: Buy a one of Stuart's books for ONLY $20 including delivery. Use the discount code blog here.

Work with Mena & Stuart's team: At ProSolution Private Clients we encourage clients to adopt a holistic and evidence-based approach when making financial decisions. Visit our website.

Follow us: Stuart: Twitter/X and LinkedIn.  Mena: LinkedIn

IMPORTANT: This podcast provides general information about finance, taxes, and credit. This means that the content does not consider your specific objectives, financial situation, or needs. It is crucial for you to assess whether the information is suitable for your circumstances before taking any actions based on it. If you find yourself uncertain about the relevance or your specific needs, it is advisable to seek advice from a licensed and trustworthy professional.

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In this episode, Mena and Stuart discuss whether staff will be deemed contractors or employees, including: 

• The 7 guidelines that the ATO sets out to determine whether the staff member is an employee or contractor
• Fair Work and state revenue offices approach to these matters
• What liabilities to include if you have employees
• Our suggested approach. 

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 to our weekly email.

SPECIAL OFFER: Buy a one of Stuart's books for ONLY $20 including delivery. Use the discount code blog here.

Work with Mena & Stuart's team: At ProSolution Private Clients we encourage clients to adopt a holistic and evidence-based approach when making financial decisions. Visit our website.

Follow us: Stuart: Twitter/X and LinkedIn.  Mena: LinkedIn

IMPORTANT: This podcast provides general information about finance, taxes, and credit. This means that the content does not consider your specific objectives, financial situation, or needs. It is crucial for you to assess whether the information is suitable for your circumstances before taking any actions based on it. If you find yourself uncertain about the relevance or your specific needs, it is advisable to seek advice from a licensed and trustworthy professional.

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In this episode, Mena and Stuart discuss 3 tax incentives that are available for businesses in the FY23 and FY24 years, including: 

1. The technology investment boost – which will need to be included in your FY23 tax return. See here. 
2. The skills and training boost which will need to be include in your FY23 and Fy24 tax return. See here. 
3. The energy incentive which will be included in your FY24 tax return. See here. 

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 to our weekly email.

SPECIAL OFFER: Buy a one of Stuart's books for ONLY $20 including delivery. Use the discount code blog here.

Work with Mena & Stuart's team: At ProSolution Private Clients we encourage clients to adopt a holistic and evidence-based approach when making financial decisions. Visit our website.

Follow us: Stuart: Twitter/X and LinkedIn.  Mena: LinkedIn

IMPORTANT: This podcast provides general information about finance, taxes, and credit. This means that the content does not consider your specific objectives, financial situation, or needs. It is crucial for you to assess whether the information is suitable for your circumstances before taking any actions based on it. If you find yourself uncertain about the relevance or your specific needs, it is advisable to seek advice from a licensed and trustworthy professional.

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In this episode, Mena and Stuart discuss what they think makes a great accountant, including: 

• The difference between a satisfactory accountant and a great one can be huge. A great accountant will save you more than they will charge you by giving proactive advice. A cheap accountant is expensive because they miss opportunities which gives rise to more tax. 
• They get to know you. The more they know about you and your business, the greater scope there is for them to add value. The old saying: Theodore Roosevelt — 'People don't care how much you know until they know how much you care' Asking about you and your business shows they care. 
• They are technically sharp. They must keep on top of tax laws and rules. Monthly tax training is the highlight of our month. 
• We can rush through work just to “get it down” but the real challenging is taking a step back and thinking about the work and client. If your accountant is always behind, chances are they don’t have the time to invest in proactive advice. 

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 to our weekly email.

SPECIAL OFFER: Buy a one of Stuart's books for ONLY $20 including delivery. Use the discount code blog here.

Work with Mena & Stuart's team: At ProSolution Private Clients we encourage clients to adopt a holistic and evidence-based approach when making financial decisions. Visit our website.

Follow us: Stuart: Twitter/X and LinkedIn.  Mena: LinkedIn

IMPORTANT: This podcast provides general information about finance, taxes, and credit. This means that the content does not consider your specific objectives, financial situation, or needs. It is crucial for you to assess whether the information is suitable for your circumstances before taking any actions based on it. If you find yourself uncertain about the relevance or your specific needs, it is advisable to seek advice from a licensed and trustworthy professional.

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In this episode, Mena and Stuart discuss the pros and cons of using a family trust to own your investments, including: 

• What is a trust? 
• The main pros and cons 
• The downsides for holding direct property in a trust 
• Why trusts suit share market investments  

Here’s a link to the webinar that Stuart referred to in the podcast: https://www.prosolution.com.au/family-trusts-webinar/

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 to our weekly email.

SPECIAL OFFER: Buy a one of Stuart's books for ONLY $20 including delivery. Use the discount code blog here.

Work with Mena & Stuart's team: At ProSolution Private Clients we encourage clients to adopt a holistic and evidence-based approach when making financial decisions. Visit our website.

Follow us: Stuart: Twitter/X and LinkedIn.  Mena: LinkedIn

IMPORTANT: This podcast provides general information about finance, taxes, and credit. This means that the content does not consider your specific objectives, financial situation, or needs. It is crucial for you to assess whether the information is suitable for your circumstances before taking any actions based on it. If you find yourself uncertain about the relevance or your specific needs, it is advisable to seek advice from a licensed and trustworthy professional.

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In this episode, Mena and Stuart share their tips and strategies for managing a happy and productive team, including:

• You can’t run a great business with unsuitable people  
• Keeping someone that is not thriving in their role is not doing them any favours. Be realistic. 
• Ask yourself, would you enthusiastically rehire everyone on your team?
• Staff relationships are just like any other relationship – you must show you care e.g., listen to feedback, ask for idea, let them make improvements, give them regular feedback
• No one will ever work as hard as you – face this fact 
• People come and stay because of the culture  

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 to our weekly email.

SPECIAL OFFER: Buy a one of Stuart's books for ONLY $20 including delivery. Use the discount code blog here.

Work with Mena & Stuart's team: At ProSolution Private Clients we encourage clients to adopt a holistic and evidence-based approach when making financial decisions. Visit our website.

Follow us: Stuart: Twitter/X and LinkedIn.  Mena: LinkedIn

IMPORTANT: This podcast provides general information about finance, taxes, and credit. This means that the content does not consider your specific objectives, financial situation, or needs. It is crucial for you to assess whether the information is suitable for your circumstances before taking any actions based on it. If you find yourself uncertain about the relevance or your specific needs, it is advisable to seek advice from a licensed and trustworthy professional.

Send us Fan Mail

In this episode, Mena and Stuart discuss some simple things you can do or steps you can take to dramatically improve your business, including:

• Spend 30 min on ‘the numbers’ per week
• Improve management reporting and insights e.g., margins, stock turnover, etc 
• Review expenses one to two times per year 
• Speak to people in the industry to share ideas – it’s often a who question not a what question 
• Engage your holistic accountant to develop a reporting system that gives you all the information you need to make sure your business is as efficient as possible  

To find out more about our holistic accounting firm, ProSolution Private Clients, click here: https://www.prosolution.com.au/ 

Connect with Mena on LinkedIn: https://www.linkedin.com/in/mena-abraham-99635579/

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 to our weekly email.

SPECIAL OFFER: Buy a one of Stuart's books for ONLY $20 including delivery. Use the discount code blog here.

Work with Mena & Stuart's team: At ProSolution Private Clients we encourage clients to adopt a holistic and evidence-based approach when making financial decisions. Visit our website.

Follow us: Stuart: Twitter/X and LinkedIn.  Mena: LinkedIn

IMPORTANT: This podcast provides general information about finance, taxes, and credit. This means that the content does not consider your specific objectives, financial situation, or needs. It is crucial for you to assess whether the information is suitable for your circumstances before taking any actions based on it. If you find yourself uncertain about the relevance or your specific needs, it is advisable to seek advice from a licensed and trustworthy professional.

Send us Fan Mail

In this episode, Mena and Stuart discuss how to deal with the challenges that high inflation is causing business, including:

• High inflation can have a big impact on profitability 
• How some businesses are navigating higher staffing costs  
• Managing rises costs/expenses 
• How to maintain sustainable margins. Are you a price taker or marker? 

To find out more about our holistic accounting firm, ProSolution Private Clients, click here: https://www.prosolution.com.au/

Connect with Mena on LinkedIn: https://www.linkedin.com/in/mena-abraham-99635579/

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 to our weekly email.

SPECIAL OFFER: Buy a one of Stuart's books for ONLY $20 including delivery. Use the discount code blog here.

Work with Mena & Stuart's team: At ProSolution Private Clients we encourage clients to adopt a holistic and evidence-based approach when making financial decisions. Visit our website.

Follow us: Stuart: Twitter/X and LinkedIn.  Mena: LinkedIn

IMPORTANT: This podcast provides general information about finance, taxes, and credit. This means that the content does not consider your specific objectives, financial situation, or needs. It is crucial for you to assess whether the information is suitable for your circumstances before taking any actions based on it. If you find yourself uncertain about the relevance or your specific needs, it is advisable to seek advice from a licensed and trustworthy professional.

Send us Fan Mail

In this episode, Mena and Stuart discuss the factors to consider when structuring the ownership of investment properties, including: 

• Tax considering include income tax, CGT, and land tax
• You must consider future plans
• We discuss options such as personal names, company, trust and super fun
• Cash flow, asset protection and estate planning considerations 

To find out more about our holistic accounting firm, ProSolution Private Clients, click here: https://www.prosolution.com.au/ 

Connect with Mena on LinkedIn: https://www.linkedin.com/in/mena-abraham-99635579/

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 to our weekly email.

SPECIAL OFFER: Buy a one of Stuart's books for ONLY $20 including delivery. Use the discount code blog here.

Work with Mena & Stuart's team: At ProSolution Private Clients we encourage clients to adopt a holistic and evidence-based approach when making financial decisions. Visit our website.

Follow us: Stuart: Twitter/X and LinkedIn.  Mena: LinkedIn

IMPORTANT: This podcast provides general information about finance, taxes, and credit. This means that the content does not consider your specific objectives, financial situation, or needs. It is crucial for you to assess whether the information is suitable for your circumstances before taking any actions based on it. If you find yourself uncertain about the relevance or your specific needs, it is advisable to seek advice from a licensed and trustworthy professional.

Send us Fan Mail

In this episode, Mena and Stuart discuss the factors to consider when buying into a pre-existing business, including: 

• How to value the share of the business 
• Consider whether your business partners are aligned 
• Taxation and cash flow consideration 
• Legalities e.g., agreements, buy-sell, etc. 
• How to fund the acquisition  

To find out more about our holistic accounting firm, ProSolution Private Clients, click here: https://www.prosolution.com.au/ 

Connect with Mena on LinkedIn: https://www.linkedin.com/in/mena-abraham-99635579/

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 to our weekly email.

SPECIAL OFFER: Buy a one of Stuart's books for ONLY $20 including delivery. Use the discount code blog here.

Work with Mena & Stuart's team: At ProSolution Private Clients we encourage clients to adopt a holistic and evidence-based approach when making financial decisions. Visit our website.

Follow us: Stuart: Twitter/X and LinkedIn.  Mena: LinkedIn

IMPORTANT: This podcast provides general information about finance, taxes, and credit. This means that the content does not consider your specific objectives, financial situation, or needs. It is crucial for you to assess whether the information is suitable for your circumstances before taking any actions based on it. If you find yourself uncertain about the relevance or your specific needs, it is advisable to seek advice from a licensed and trustworthy professional.