Accountants React to ASIC’s 10 Budgeting Tips: Do They Actually Work?

In this episode of The Account Rant, John Saade sits down with Bethany Parker, a national bench press champion, two time world powerlifting champion and John’s own powerlifting coach, to break down some of the most controversial techniques and rules in the sport.

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

Sydney’s property downturn is showing more signs of stress, with auction clearance rates falling sharply, sellers discounting, borrowing capacity tightening and unemployment moving higher.

In this episode of The Account Rant, John Saade and Catarina Santini break down where the money actually goes when a business is profitable on paper but the cash seems to have disappeared.

What does success actually cost?In this episode of The Account Rant, Jacob Fahmy sits down with Keegan Hipgrave to talk about ambition, obsession, family and whether becoming truly great at something requires sacrificing other parts of your life.Keegan reflects on the people he looked up to, including Michael Jordan, Steve Jobs and Mike Tyson, and the tension between extraordinary achievement and the personal cost that can come with it.He also shares a conversation with Eddie Hearn that changed the way he thinks about ambition, priorities and what success should actually look like.🎙️ CONNECT WITH KEEGAN HIPGRAVEInstagramhttps://www.instagram.com/keeganhipgrave/LinkedInhttps://www.linkedin.com/in/keegan-hipgrave-9a36b8230/Keegan and Company on Instagramhttps://www.instagram.com/keeganandcompanypod/Keegan and Company on YouTubehttps://www.youtube.com/@keeganandcompanyNeed 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]://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.0:00 The Price of Extreme Ambition2:08 Finding Balance in a Driven Life5:44 Work-Life Integration Over Balance7:23 Ignoring External Judgments#KeeganHipgrave #Success #Ambition #WorkLifeBalance #TheAccountRant #LatitudeAccountants