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Why Australian Business Owners Feel Punished
Australia says it backs small business, but does the system actually reward people willing to take the risk?
In this episode of #TheAccountRant, Jacob Fahmy sits down with Tanner Blessington from Blessington Watches to unpack the fallout from the Federal Budget and why so many business owners feel like they are being squeezed harder than ever.
From CGT changes and GST compliance to rising costs, shrinking margins and the growing red tape around running a business, this is a raw conversation about what it really feels like to build a business in Australia today.
Jacob and Tanner break down why revenue means nothing without profit, how compliance is crushing small operators, why ecommerce businesses face unique pressure, and why some founders are seriously considering leaving Australia altogether.
They also discuss property market risks, first home buyer incentives, the 5% deposit scheme, capital gains tax changes, and whether the current system is actually discouraging innovation and entrepreneurship.
Need an accountant?
GET A FREE CONSULTATION FOR ALL ABN HOLDERS
https://forms.zohopublic.com/john205/form/GENERALENQUIRYFORM/formperma/VYEBrsCV_ompEVvnkA0eygWlJxXO5OajFsjjngf_jzw
For business enquiries
Follow Latitude Accountants
TikTok https://www.tiktok.com/@latitudeaccountants
Instagram https://www.instagram.com/latitudeaccountants
Website https://latitudeaccountants.com.au/
Connect with Blessington Watches
https://www.instagram.com/blessington.watches/
https://blessington.co/
Subscribe to The Account Rant for honest conversations on business, tax and money.
Chapters
00:00 Tanner reacts to the Federal Budget
00:58 Why CGT changes hurt business owners
02:22 Are founders leaving Australia?
04:22 Why small business feels unsupported
05:15 The GST problem nobody talks about
06:24 How compliance crushes startups
08:17 Why Australia has too much red tape
09:07 Rising costs and shrinking margins
10:03 Monopoly pricing in Australia
11:37 The impact on young investors
12:15 Why CGT changes add complexity
14:09 First home buyer schemes explained
15:10 Could property prices crash?
16:45 Final thoughts
The Account Rant is a show where accountants vent on different business, tax and money topics. It is an honest and informal conversation intended for discussion and entertainment only. Views expressed are personal opinions and should not be taken as professional advice.
Disclaimer: This video is for educational and entertainment purposes only and does not constitute formal accounting, financial, legal or tax advice.
View all episodes
By Latitude AccountantsAustralia says it backs small business, but does the system actually reward people willing to take the risk?
In this episode of #TheAccountRant, Jacob Fahmy sits down with Tanner Blessington from Blessington Watches to unpack the fallout from the Federal Budget and why so many business owners feel like they are being squeezed harder than ever.
From CGT changes and GST compliance to rising costs, shrinking margins and the growing red tape around running a business, this is a raw conversation about what it really feels like to build a business in Australia today.
Jacob and Tanner break down why revenue means nothing without profit, how compliance is crushing small operators, why ecommerce businesses face unique pressure, and why some founders are seriously considering leaving Australia altogether.
They also discuss property market risks, first home buyer incentives, the 5% deposit scheme, capital gains tax changes, and whether the current system is actually discouraging innovation and entrepreneurship.
Need an accountant?
GET A FREE CONSULTATION FOR ALL ABN HOLDERS
https://forms.zohopublic.com/john205/form/GENERALENQUIRYFORM/formperma/VYEBrsCV_ompEVvnkA0eygWlJxXO5OajFsjjngf_jzw
For business enquiries
Follow Latitude Accountants
TikTok https://www.tiktok.com/@latitudeaccountants
Instagram https://www.instagram.com/latitudeaccountants
Website https://latitudeaccountants.com.au/
Connect with Blessington Watches
https://www.instagram.com/blessington.watches/
https://blessington.co/
Subscribe to The Account Rant for honest conversations on business, tax and money.
Chapters
00:00 Tanner reacts to the Federal Budget
00:58 Why CGT changes hurt business owners
02:22 Are founders leaving Australia?
04:22 Why small business feels unsupported
05:15 The GST problem nobody talks about
06:24 How compliance crushes startups
08:17 Why Australia has too much red tape
09:07 Rising costs and shrinking margins
10:03 Monopoly pricing in Australia
11:37 The impact on young investors
12:15 Why CGT changes add complexity
14:09 First home buyer schemes explained
15:10 Could property prices crash?
16:45 Final thoughts
The Account Rant is a show where accountants vent on different business, tax and money topics. It is an honest and informal conversation intended for discussion and entertainment only. Views expressed are personal opinions and should not be taken as professional advice.
Disclaimer: This video is for educational and entertainment purposes only and does not constitute formal accounting, financial, legal or tax advice.