The Holistic Accountant
A holistic accountant goes beyond tax returns, aiming to offer proactive advice to maximise clients' wealth after all taxes. Stuart Wemyss and Mena Abraham explore multifaceted considerations weekly, highlighting the need for a holistic approach. Each episode is succinct and to the point with no fluff or sales pitches. For further details, check out www.prosolution.com.au.
Episodes
131 episodes
What to consider when establishing a corporate beneficiary?
Using a corporate beneficiary, commonly called a bucket company, is a smart move for many trust structures, particularly when tax efficiency and asset protection are key goals. But as Stuart and Mena explain in this episode, setting on...
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Season 5
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Episode 19
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12:33
Lessons from a quarter of a century in business
This week, the mic flips! Mena takes the lead and interviews Stuart about the biggest lessons he’s learned in nearly 25 years of running a business. From the importance of focusing on internal resilience rather than external noise, to the three...
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Season 5
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Episode 18
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23:08
Non-Financial Considerations When Purchasing or Partnering With a Business
Buying or partnering with a business isn’t just a numbers game. In this comprehensive episode, Stuart and Mena unpack the often-overlooked non-financial considerations that can make or break a deal.From strategic alignment and c...
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Season 5
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Episode 17
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10:13
Profit Distribution Strategy to Minimise Income Tax
Getting profit out of your trading entity isn’t as simple as it seems—and doing it wrong could cost you. In this strategy-focused episode, Stuart and Mena dive into how to distribute profits in a way that aligns with your financial goals an...
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Season 5
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Episode 16
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15:26
What Does a Holistic Accountant Financial Health Check Include?
An accountant’s job is more than ticking boxes—it’s about taking a 360° view of your finances. In this episode, Stuart and Mena outline what a true financial health check should include when your accountant prepares your year-end tax work.<...
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9:49
What Does a Labor Party Victory Mean for Small Business?
A Labor Party win brings a wave of policy changes—some offering opportunities, others increasing complexity for small businesses. In this timely episode, Stuart and Mena unpack the key reforms and proposals affecting entrepreneurs and business ...
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Season 5
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Episode 14
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10:15
What is the Biggest Profit Multiplier?
Want to dramatically grow your business profits? Stuart and Mena reveal that instead of focusing on dozens of small changes, most businesses should laser in on one to three profit multipliers.They break it down into four critica...
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Season 5
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Episode 13
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16:38
Navigating Decision Paralysis
Sudden wealth sounds like a dream—until it isn’t. In this deeply insightful episode, Stuart and Mena unpack financial decision paralysis, a common yet overlooked phenomenon that hits when wealth arrives through inheritance, a business ...
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Season 5
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Episode 12
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13:56
Small Business Tax Planning
Effective tax planning isn’t just for big corporations — it’s an essential lever for small business success. In this power-packed episode, Stuart and Mena walk through the ultimate small business tax planning checklist to help you preserve capi...
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Season 5
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Episode 11
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14:58
PAYG/Individual Tax Planning
As 30 June approaches, Stuart and Mena shift focus to PAYG employees and individual taxpayers, sharing key tax planning strategies that can help you save money and avoid surprises at tax time.From super contributions (including carry-for...
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Season 5
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Episode 10
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12:31
Beware! The ATO is on the Audit Warpath
Audit activity is ramping up fast. In this crucial episode, Stuart and Mena reveal the sharp rise in ATO audits they've seen in the past few months, with more cases than in their combined careers to date. If you're a business owner, investor, o...
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Season 5
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Episode 9
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16:04
Tax strategies to optimise your borrowing capacity
Want to boost your borrowing power without compromising your long-term tax strategy? In this episode, Stuart and Mena unpack the critical tax strategies that can enhance your ability to secure loans while maintaining wealth-building goals.<...
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Season 5
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Episode 8
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10:22
Considerations When Making a Living Inheritance
Traditional estate planning can be complicated, with legal disputes and tax burdens creating hurdles for beneficiaries. In this episode, Stuart and Mena explore an alternative—giving a living inheritance—and the financial strategies th...
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Season 5
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Episode 7
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12:29
What Value Can Accountants Add?
What makes a great accountant invaluable to your business and finances? In this episode, Stuart and Mena go beyond compliance work to explore how a proactive accountant can save you money, reduce risks, and provide financial insights that fuel ...
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Season 5
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Episode 6
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9:25
How to make your business cash work for you
Managing business profits effectively is crucial to minimising tax risks and optimising cash flow. In this episode, Stuart and Mena break down the complexities of withdrawing business income for personal use and the potential tax consequences i...
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Season 5
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Episode 5
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11:29
Becoming a self-employed medical specialist - here’s what you need to know.
Thinking of making the transition from an employed medical practitioner to running your own private practice? In this insightful episode, Stuart and Mena break down everything you need to know about structuring your business, protecting your as...
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Season 5
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Episode 4
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10:58
The art of business structuring
Podcast Episode: S05 – E03 – The Art of Business StructuringGetting your business structure right from day one can make or break your long-term success. In this episode, Stuart and Mena unpack the often-overlooked ...
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Season 5
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Episode 3
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8:47
What will accountants be doing in 2040?
In this thought-provoking episode, Stuart and Mena dive into the future of accounting and how it’s set to transform by 2040. Gone are the days of paper-driven processes and purely compliance-focused roles. Over the past two decades, the industr...
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Season 5
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Episode 2
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6:53
What are things that business owners should be thinking about and working on at the beginning of the year?
In this episode, Stuart and Mena kick off Season 5 of the HA podcast by highlighting the importance of business goal-setting at the start of the year. While personal New Year’s resolutions often take the spotlight, many business owners neglect ...
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Season 5
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Episode 1
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10:20
When You Should Consider Outsourcing Your Finance Function
Outsourcing your finance function might sound risky, but as Stuart and Mena explain, it can be a strategic game-changer for businesses at the right stage. This episode outlines scenarios where outsourcing makes sense—like scaling, cost efficien...
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Season 4
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Episode 45
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11:03
Understanding Employee Share Schemes for Your Small Business
In this episode, Stuart and Mena delve into the ins and outs of Employee Share Schemes (ESS) for small and medium businesses. They discuss how ESS can attract and retain top talent, particularly when capital is limited. By offering employees an...
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Season 4
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Episode 44
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15:39
How Payroll Tax Works and What You Need to Know
Stuart and Mena break down payroll tax, a significant revenue source for state governments, explaining how it’s calculated and why it’s often a point of concern for growing businesses. They review current payroll tax thresholds and rates across...
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Season 4
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Episode 43
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11:28
MYOB versus Xero: which software is better for business?
In this episode, Stuart and Mena compare MYOB and Xero, two leading accounting software options in Australia. While both offer core features like payroll, bookkeeping, and inventory management, they have unique strengths suited to different bus...
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Season 4
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Episode 42
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8:09
Understanding the Instant Asset Write-Off
Stuart and Mena explore the intricacies of the instant asset write-off, a tax incentive allowing small businesses to claim immediate deductions for assets under $20,000. This episode covers why the policy was introduced and how it benefits smal...
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Season 4
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Episode 41
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8:35
Case study: $66,000 annual tax saving
In this episode, Stuart and Mena delve into a real client case, showcasing how strategic financial planning can yield impressive savings and long-term financial security. This client, who started trading a new business in late 2022, has already...
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Season 4
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Episode 40
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14:16