Smarten Up! The Tax and Business Podcast

Oct 28 2024 51 ep. 24 mins

Smarten Up! The Tax and Business Podcast artwork

Welcome to "SMARTEN UP!" a podcast aimed to help business owners navigate the complex tax and business landscape. Host Sally Preston simplifies complex tax and business matters for business owners to help them make smart decisions when running their businesses. Expert guests will help navigate financial, tax, and legal issues that are essential for business success.

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50: Mergers & Acquisitions: Insights from Tim Muller’s Multi-Business Acquisitions

Oct 28 2024 32 mins

How do you take on the challenge of buying three businesses at once? Tim Muller shares his whirlwind journey of acquisition, growth, and the lessons learned from the trenches of entrepreneurship.Today, Sally sits down with Tim Muller, the ambitious new owner of Geisha Ceramics, Quantum Leap Imports, and Discount Tiles Warehouse. Tim talks candidly about his experience of acquiring

49: Mergers & Acquisitions Part 3: Does Due Diligence Really Matter?

Oct 21 2024 26 mins

Ready to dive into the high-stakes world of mergers and acquisitions? Discover the critical steps between a signed term sheet and a closed deal — everything from due diligence to final integration!In this episode, Sally takes you through part three of her deep dive into mergers and acquisitions. She breaks down the intricate process that follows the drafting of the term sheet, in

48: Mergers & Acquisitions Part 2: Do I need a Term Sheet?

Oct 14 2024 24 mins

Curious how mergers and acquisitions truly take shape? Let’s dive into the heart of the M&A process, breaking down the critical steps behind drafting a Term sheet (otherwise known as a Heads of Agreement or a Letter of Intent) and ensuring your deal stays on track.In this episode, we’re continuing our three-part M&A series, focusing on the pivotal moment in any merger o

47: Mergers & Acquisitions Part 1: The Early Stages of M&A Explained

Oct 07 2024 22 mins

Behind every successful M&A deal lies a complex web of strategy, preparation, and negotiation. Ready to unravel the mystery?In this episode, Sally Preston takes us through the foundational steps of a mergers and acquisitions (M&A) deal. From strategic planning to initial negotiations, she offers a clear breakdown of the process, highlighting why thorough preparation is crit

46: ATO Debt Crisis? Here’s How to Take Control and Avoid Penalties with Ellie Murdoch

Sep 30 2024 20 mins

Struggling with ATO debts? Discover the smart strategies to manage your tax burdens and avoid costly pitfalls.In this episode, Sally Preston sits down with ATO expert Ellie Murdoch to tackle a pressing issue faced by many businesses today — managing debts owed to the Australian Tax Office (ATO). With the current economic climate, more business owners are finding themselves u

45: ATO Audits? Don’t Panic! Here’s What To Do

Sep 23 2024 39 mins

Got a letter from the ATO? Don’t panic — learn exactly what to do (and not do) when the Tax Office comes knocking.Today’s episode dives into the often nerve-wracking world of ATO audits and reviews. Sally is joined by David Hughes, a seasoned tax law specialist and partner at McCullough Robertson Lawyers. David isn’t your average tax lawyer — he’s got years of expe

44: The Real Cost of Not Consulting Experts - A Tax Horror Story

Sep 16 2024 24 mins

Ever thought about cutting corners to save a little on business advice? This cautionary tale might make you think twice. In today’s episode, Sally Preston takes us through a jaw-dropping story of a business owner who learned the hard way that skipping expert advice can have devastating consequences. Bill, a landscaper turned business seller, believed he had set himself

43: Cash Flow Tips to Keep Your Business Afloat

Sep 09 2024 30 mins

Are you ignoring the warning signs that your business might be on the brink of insolvency? You’re not alone. We have the tips you need to steer your business out of troubled waters.In this episode, Sally dives deep into one of the most pressing concerns facing businesses today — cash flow management and the alarming rise of company insolvencies in Australia. She breaks down the

42: Master Payroll Tax from Basics to Best Practices Part 2

Sep 02 2024 25 mins

Are you underestimating your payroll tax liabilities? Discover the hidden traps in payroll tax grouping and contractor provisions that could cost your business big time.In Part 2 of this two-part series, Sally Preston dives into the complexities of payroll tax that often trip up employers across Australia. Building on the foundations laid in Part 1, this episode unpacks two notorio

41: Master Payroll Tax from Basics to Best Practices

Aug 26 2024 21 mins

Are you ready to untangle the web of payroll tax and save your business from costly mistakes? Join us as we break down the essentials every employer needs to know!In this revealing episode, Sally Preston dives deep into the often confusing world of payroll tax — an essential topic for business owners and managers. Whether you're a startup or running a large enterprise, understand