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Content provided by THE NUMBERS GAME PODCAST PTY LTD, Nick Reilly, Jason Robinson, and Marty Vidakovic. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by THE NUMBERS GAME PODCAST PTY LTD, Nick Reilly, Jason Robinson, and Marty Vidakovic or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.
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7 Financial Red Flags Every Business Owner Needs to Know

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Manage episode 499350069 series 3387541
Content provided by THE NUMBERS GAME PODCAST PTY LTD, Nick Reilly, Jason Robinson, and Marty Vidakovic. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by THE NUMBERS GAME PODCAST PTY LTD, Nick Reilly, Jason Robinson, and Marty Vidakovic or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Small business insolvencies are rising and many owners don’t see the warning signs until it’s too late. We break down the financial red flags that show your business might be heading for trouble. We cover maxed-out credit cards, late super payments, ATO debt, director loans, and the danger of not knowing your breakeven point. If you run a business, this is what you need to hear before it’s too late.

On this episode, we discuss:

(00:00) Intro
(00:25) Why Insolvency Rates Are Rising Among Small Business Owners
(02:54) Red Flag #1: Maxed Out Credit Cards & Overdrafts
(05:14) Cashflow Forecasting and Why It’s Essential
(07:48) Red Flag #2: Late Super Payments and the Hidden Penalties
(13:50) Red Flag #3: Lodging BAS and Tax Returns Late
(21:32) Monthly Budgeting to Avoid Death by a Thousand Paper Cuts
(25:42) Red Flag #4: Spending GST, PAYG and Tax Savings
(27:25) Red Flag #5: Drawing Business Funds Without Div 7A Management
(34:14) Red Flag #6: ATO Payment Plans and Why They’ll Cost You More
(36:33) Red Flag #7: Not Knowing Your Breakeven Point

Check out the free resources from Inovayt here.

Send us an email: [email protected]

The Numbers Game is brought to you by Future Advisory & Inovayt.

Hosts:
Nick Reilly
Jason Robinson
Martin Vidakovic

This podcast is produced by VIDPOD.


Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

  continue reading

252 episodes

Artwork
iconShare
 
Manage episode 499350069 series 3387541
Content provided by THE NUMBERS GAME PODCAST PTY LTD, Nick Reilly, Jason Robinson, and Marty Vidakovic. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by THE NUMBERS GAME PODCAST PTY LTD, Nick Reilly, Jason Robinson, and Marty Vidakovic or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Small business insolvencies are rising and many owners don’t see the warning signs until it’s too late. We break down the financial red flags that show your business might be heading for trouble. We cover maxed-out credit cards, late super payments, ATO debt, director loans, and the danger of not knowing your breakeven point. If you run a business, this is what you need to hear before it’s too late.

On this episode, we discuss:

(00:00) Intro
(00:25) Why Insolvency Rates Are Rising Among Small Business Owners
(02:54) Red Flag #1: Maxed Out Credit Cards & Overdrafts
(05:14) Cashflow Forecasting and Why It’s Essential
(07:48) Red Flag #2: Late Super Payments and the Hidden Penalties
(13:50) Red Flag #3: Lodging BAS and Tax Returns Late
(21:32) Monthly Budgeting to Avoid Death by a Thousand Paper Cuts
(25:42) Red Flag #4: Spending GST, PAYG and Tax Savings
(27:25) Red Flag #5: Drawing Business Funds Without Div 7A Management
(34:14) Red Flag #6: ATO Payment Plans and Why They’ll Cost You More
(36:33) Red Flag #7: Not Knowing Your Breakeven Point

Check out the free resources from Inovayt here.

Send us an email: [email protected]

The Numbers Game is brought to you by Future Advisory & Inovayt.

Hosts:
Nick Reilly
Jason Robinson
Martin Vidakovic

This podcast is produced by VIDPOD.


Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

  continue reading

252 episodes

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