Small Business Heroes: Navigating Tax, Structure, and Australia's Dream Problem

The Finance Show With Joe

In our conversation with Jacob Fahmy, Client Director for Latitude Accountants, the boys discuss all things small business - the backbone of the Australian economy.
Australia's small business owners are facing unprecedented challenges through increasing regulations, proposed tax changes, and economic policies that favour large corporations over local entrepreneurs.
Jacob explains how structuring is the cornerstone of tax and accounting for small businesses (as well as employees) by helping you save significant money and headaches by getting things right at the start.
Elsewhere we discuss productivity, working from home, and death taxes.
Book a free discovery meeting with Latitude Accountants if you're an ABN holder to ensure your business is structured correctly for your goals.
Contact Jacob Fahmy:
Instagram: https://www.instagram.com/jacobfahmy
TikTok: https://www.tiktok.com/@jacob.fahmy.tax
Website: https://latitudeaccountants.com.au

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DISCLAIMER This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. Because of that, you should consider if the information is appropriate to you and your needs before acting on it.

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1. Taxing Unrealized Gains and Small Business Challenges (00:00:00)

2. Introduction to Jacob Fahmy's Journey (00:06:13)

3. Effective Business Structures for Growth (00:12:45)

4. Work From Home Legislation Debate (00:17:19)

5. Inheritance and Death Tax Discussion (00:26:06)

6. Energy Prices and Natural Resources (00:36:15)

7. Unrealized Gains Tax Implications (00:40:53)

8. Top Business Owner Mistakes to Avoid (00:46:16)