Show Notes
Welcome back to The Account Rant.
In this episode, Jacob Fahmy sits down with Amanda Rose for a blunt conversation about women in business, money, leadership and why too many business owners undercharge, people please and treat their business like a hobby.
Amanda breaks down why women need to go for bigger contracts, follow the honest money, stop relying on friends and family to support their business, and start charging based on value, not time.
They also unpack one of the biggest traps in business, wanting everyone to like you. Amanda explains why approval seeking, emotion and fear of rejection can hold people back from earning more, leading properly and building something serious.
Jacob and Amanda also discuss intuition, relationship building, leadership, values, corruption, faith, strategy and why the best leaders know when to push, when to build alliances and when to walk away.
This is a sharp conversation for business owners, women in business, leaders, side hustlers and anyone who knows they are capable of more but keeps playing small.
Guest: Amanda Rose CEO, Western Sydney Women https://www.westernsydneywomen.com.au/ LinkedIn: https://au.linkedin.com/in/amandarose1 Instagram: https://www.instagram.com/missamandajrose/
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The Account Rant is a business and tax podcast by Latitude Accountants, giving real conversations for Australian business owners, professionals and entrepreneurs.
This content is general information only and does not constitute financial, legal or tax advice. Please speak with a qualified adviser about your own circumstances.
Chapters 00:00 Amanda Rose says women need to chase bigger contracts 00:34 What women do wrong in business 00:46 People pleasing and wanting everyone to like you 01:35 Stop treating your business like a hobby 01:50 Why women undercharge 02:21 Charging for value, not time 03:10 What women naturally do well 04:03 Intuition, numbers and better business partnerships 04:20 Why women are powerful relationship builders 05:35 Leadership, pushing back and picking your battles 06:15 Why you should build alliances privately 07:33 The hills Amanda is willing to die on 08:34 Is leadership lonely? 09:37 Why needing people around you can be dangerous 10:29 Power, strategy and one on one influence 11:07 Where Amanda’s wisdom comes from 12:22 Amanda on faith, the Bible and values
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Running your business through a company can be a great structure, but using that company incorrectly can create tax problems you never expected.In this video, Jacob Fahmy breaks down five of the biggest tax mistakes he sees company owners make, including treating company money like personal money, paying super late, buying vehicles through the company without considering FBT, ignoring ATO lodgements and leaving tax planning until after the financial year has ended.Jacob explains how Division 7A can apply when company money is taken personally, why unpaid super can create additional costs and director consequences, and why putting a car through the company does not automatically make it a good tax strategy.He also explains why lodging your BAS on time matters even when the company cannot immediately pay the debt, and why proper tax planning needs to happen before 30 June while there are still decisions available to you.The key takeaway is simple: having a company does not automatically mean you have a good tax structure. You still need to understand how money comes out of the company, when your obligations are due and the tax consequences of the decisions you make.Need an accountant?GET A FREE CONSULTATION FOR ALL ABN HOLDERShttps://forms.zohopublic.com/john205/form/GENERALENQUIRYFORM/formperma/VYEBrsCV_ompEVvnkA0eygWlJxXO5OajFsjjngf_jzwOUR SERVICEShttps://latitudeaccountants.com.au/accounting-services/[email protected]://www.tiktok.com/@latitudeaccountantsInstagramhttps://www.instagram.com/latitudeaccountants/YouTubehttps://www.youtube.com/@LatitudeAccountantsLinkedInhttps://www.linkedin.com/company/latitude-accountants/Facebookhttps://www.facebook.com/latitudeaccountants/Websitehttps://latitudeaccountants.com.au/This content is general information only and does not constitute financial, tax, accounting, legal, property or business advice. Speak with a qualified adviser about your own circumstances.#CompanyTax #Division7A #FBT #ATO #BusinessTax #TaxTips #Accountant #LatitudeAccountantsChapters00:00 5 Company Tax Mistakes00:42 Mistake 1: Treating Company Money as Your Own03:02 Mistake 2: Paying Super Late04:52 Mistake 3: Putting Your Car in the Company07:12 Mistake 4: Ignoring ATO Lodgements09:00 Mistake 5: Not Tax Planning10:49 How to Avoid These Tax Problems11:38 What’s Coming Next
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