Show Notes
In this episode, Jacob Fahmy sits down with Rachel Carey for a raw conversation about the stress of building a business, raising kids, burnout, pressure, leadership and what it really takes to keep going when everything is on your shoulders.Rachel shares how she started her first NDIS business while coming off maternity leave, working from home with trestle tables in the lounge room, two young children in the house, and a small team helping build what eventually became a group of six businesses.She talks about working 16 to 20 hour days, building over 40 residential services across New South Wales, dealing with pressure, navigating ADHD, surviving burnout, and learning that “thriving under pressure” was sometimes just surviving at the expense of her own health.Rachel also opens up about her personal story, including overcoming addiction, finding purpose through disability support work, and using lived experience to build something meaningful for the community.This episode covers:Business stressStarting a business with young kidsBurnout and pressureWorking 16 to 20 hour daysBuilding multiple businessesADHD and leadershipHiring smarter peopleLetting go of controlImposter syndromeMentors, coaches and personal growthRachel Carey’s personal storyBuilding a life by designNeed an accountant?GET A FREE CONSULTATION FOR ALL ABN HOLDERShttps://forms.zohopublic.com/john205/...OUR SERVICEShttps://latitudeaccountants.com.au/[email protected] / latitudeaccountants Instagram / latitudeaccountants YouTube / @latitudeaccountants LinkedIn / latitude-accountants Facebook / latitudeaccountants Websitehttps://latitudeaccountants.com.au/The Account Rant is a business and accounting podcast by Latitude Accountants.
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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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