We all know what income tax is, and have some idea how GST works (it’s just 10% right?) but do you know about some of the smaller taxes that apply to businesses? In this episode Trudi walks us through some of the lesser known (but no less important) taxes that exist in Australia. We talk about the what and when of Fringe Benefits Tax, who needs to be aware of Payroll Tax and when Land Tax applies. We also touch on the reporting requirements under the Taxable Payments Annual Report. Think your business is on top of all of the relevant taxes? Listen in and make sure one of these smaller taxes hasn’t slipped through unconsidered.

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Just two industry experts (and guests) having a friendly chat and sharing our knowledge. We aim to raise your knowledge base and dis-spell any myths surrounding finance. tax and a range of other financial topics.

This is a safe space to ask questions and hear useful info on financial matters.

Read more about FOFU here

And, as always if you'd like to leave us a message, or suggest a topic, you can do so here

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DISCLAIMER- The information and material in this podcast, and supplementary and associated information available, is for general information only. It should not be taken as constituting professional advice from the podcast owners, and we recommend you seek independent suitable advice that is specific to your unique circumstances.

If you talk to any advisor they will have a story about a client who came to them wanting to follow some advice they have received at the pub/bbq/park. While you might receive some advice that is appropriate, if you are not talking to a qualified advisor they may not have taken into account all of your specific circumstances that are so relevant to any piece of advice (whether accounting, legal, finance etc.). Sarah and Trudi in this episode not only talk about why they believe obtaining advice from the right place is so important, but also why it is so important to obtain timely advice. To demonstrate, they walk through various examples of when things have gone right for their clients and where they could have improved with earlier/better advice. This is an interesting episode that may make you re-think how and when you obtain professional advice.

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Just two industry experts having a friendly chat and sharing our knowledge.

We aim to raise your knowledge base and dis-spell any myths surrounding finance. tax and a range of other financial topics.

This is a safe space to ask questions and hear useful info on financial matters.

Read more about FOFU here

And, if you'd like to leave us a message, hit us up on socials, and PLEASE LEAVE US A REVIEW IN YOUR APP.

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DISCLAIMER- The information and material  in this podcast, and supplementary and associated information available,  is for general information only. It should not be taken as constituting  professional advice from the podcast owners, and we recommend you seek  independent suitable advice that is specific to your unique  circumstances

Our previous episode on saving money (you can click here to listen) has been one of our most popular episodes to date. So Sarah and Trudi revisit the topic to run through some more tips on how to save money and how to properly manage your cash flow so that you can save your money. From separate savings accounts, to reducing spending to shopping around, the girls break it down it to useful usable steps to ensure you have more money in the bank. The Government's Moneysmart website also has some really great tips and tools that we reference and highly recommend you check out.

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A short episode that really sets the scene on what Financial Fofu is and how it impacts you in your life

Just two industry experts having a friendly chat and sharing our knowledge.

We aim to raise your knowledge base and dis-spell any myths surrounding finance. tax and a range of other financial topics.

This is a safe space to ask questions and hear useful info on financial matters.

Read more about FOFU here

And, if you'd like to leave us a message, hit us up on socials and PLEASE LEAVE US A REVIEW 

Nick joins us once again for the 3 and final in a mini series to talk about SMSFs or Self Managed Superannuation Funds. These are very common among those who run their own business and those who want to have more control over how their superannuation is invested. Trudi, Sarah and Nick take you through why, why and when you should consider a SMSF and the upfront and ongoing costs of having an SMSF. They also talk about some of the special rules and restrictions that apply to SMSFs as they are a highly regulated product. If you ever wanted to know more about SMSFs or have considered setting one up, this is a great episode to start with on your learning journey.

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A short episode that really sets the scene on what Financial Fofu is and how it impacts you in your life

Just two industry experts having a friendly chat and sharing our knowledge.

We aim to raise your knowledge base and dis-spell any myths surrounding finance. tax and a range of other financial topics.

This is a safe space to ask questions and hear useful info on financial matters.

Read more about FOFU here

And, if you'd like to leave us a message, or suggest a topic, you can do so here 

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DISCLAIMER- The information and material in this podcast, and supplementary and associated information available, is for general information only. It should not be taken as constituting professional advice from the podcast owners, and we recommend you seek independent suitable advice that is specific to your unique circumstances

Nick Zara from Consilium Wealth again joins us to explain to us the ins and outs of Superannuation...you know that 10% your employer puts away for your retirement? Trudi and Sarah fire all the questions at Nick such as what is Super, how is it invested, can you choose your investment options, insurance and so much more. We talk about how to get more money into Super and when and how can you take money out. We also run through some government incentives that you may not be aware of such as the government co-contribution and the First Home Saver Super Scheme. So for all things super, this is the place to start in understanding your own retirement savings.

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Just two industry experts having a friendly chat and sharing our knowledge.

We aim to raise your knowledge base and dis-spell any myths surrounding finance. tax and a range of other financial topics.

This is a safe space to ask questions and hear useful info on financial matters.

Read more about FOFU here

And, if you'd like to leave us a message, hit us up on our socials and PLEASE LEAVE US A REVIEW!

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DISCLAIMER- The information and material in this podcast, and supplementary and associated information available, is for general information only. It should not be taken as constituting professional advice from the podcast owners, and we recommend you seek independent suitable advice that is specific to your unique circumstances

This week we invite back Nick Zara from Consilium Wealth to talk to us about investing. Nick helps us to debunk common myths about investing and the stock market. As well as talking through just exactly how to navigate stock market as a first-time investor, how to choose what to invest in, the importance of diversification and how to level up as an investor. Investing can seem like a whole new language at times, and this episode aims to break down and explain Shares, Managed Funds, ETFs and a whole host of other investment types as well as which types of investments work well to match to different types of goals. If you have some cash to invest but not sure where to start, this is the episode for you.

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Just two industry experts having a friendly chat and sharing our knowledge.

We aim to raise your knowledge base and dis-spell any myths surrounding finance. tax and a range of other financial topics.

This is a safe space to ask questions and hear useful info on financial matters.

Read more about FOFU here

And, if you'd like to leave us a message, or suggest a topic, you can do so here and please feel free to give us a review!

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DISCLAIMER- The information and material in this podcast, and supplementary and associated information available, is for general information only. It should not be taken as constituting professional advice from the podcast owners, and we recommend you seek independent suitable advice that is specific to your unique circumstances

Our previous episode on saving money (which can be found here) has been one of our most popular episodes to date. So Sarah and Trudi revisit the topic to run through some more tips on how to save money and how to properly manage your cash flow so that you can save your money. From separate savings accounts, to reducing spending to shopping around the girls break it down it to useful usable steps to ensure you have more money in the bank. The Government's Moneysmart website also has some really great tips and tools that we reference and highly recommend you check out.

-----

Just two industry experts (and guests) having a friendly chat and sharing our knowledge.

We aim to raise your knowledge base and dis-spell any myths surrounding finance. tax and a range of other financial topics.

This is a safe space to ask questions and hear useful info on financial matters.

Read more about FOFU here

And, if you'd like to leave us a message, or suggest a topic, you can do so here. We'd also love it if you could leave a rating on your preferred podcast platform. 

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DISCLAIMER- The information and material in this podcast, and supplementary and associated information available, is for general information only. It should not be taken as constituting professional advice from the podcast owners, and we recommend you seek independent suitable advice that is specific to your unique circumstances

Noticing a theme this season? If you haven’t yet listened to the previous episode on break even analysis- STOP WHAT YOU ARE DOING- and listen to that one first. This is a follow on episode that works through how to price your product/service. The break-even point is a large part of this, however, given it's IWD, Trudi and Sarah also talk about why women often under price/value themselves, the importance of research and making sure you factor your own wage into the pricing of your products. After this episode you should have a good understand of whether you have gotten your pricing right, or whether it is time for a review to make sure you are charging your worth.

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Just two industry experts (and guests) having a friendly chat and sharing our knowledge.

We aim to raise your knowledge base and dis-spell any myths surrounding finance. tax and a range of other financial topics.

This is a safe space to ask questions and hear useful info on financial matters.

Read more about FOFU here

And, if you'd like to leave us a message, or suggest a topic, you can do so here. We'd also love it if you could leave a rating on your preferred podcast platform. 

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DISCLAIMER- The information and material in this podcast, and supplementary and associated information available, is for general information only. It should not be taken as constituting professional advice from the podcast owners, and we recommend you seek independent suitable advice that is specific to your unique circumstances

This is a short but important episode where Sarah and Trudi take you through what is break even analysis and how it should be used when pricing your products or services. Download the free example spreadsheet here and follow along with two examples of break even calculations and then have a go at calculating the break even point in your own business. Understanding your break even point is a really important aspect of your business finances, as if you get it wrong it will flow through to pricing that may not be earning a profit!

Downloads from this episode are available at www.financialfofu.com.au

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Just two industry experts (and guests) having a friendly chat and sharing our knowledge.

We aim to raise your knowledge base and dis-spell any myths surrounding finance. tax and a range of other financial topics.

This is a safe space to ask questions and hear useful info on financial matters.

Read more about FOFU here

And, if you'd like to leave us a message, or suggest a topic, you can do so here. We'd also love it if you could leave a rating on your preferred podcast platform

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DISCLAIMER- The information and material in this podcast, and supplementary and associated information available, is for general information only. It should not be taken as constituting professional advice from the podcast owners, and we recommend you seek independent suitable advice that is specific to your unique circumstances