Two Drunk Accountants

It's been 7 years since we recorded our first ever episodes on entity structures and a lot has changed since then. So beginning this week we are redoing our series on the various entity structures you might consider for your new business! This week starting with sole traders!   Sponsor Offers:  Here Youtube: https://www.youtube.com/@TwoDrunkAccountants Instagram: https://www.instagram.com/twodrunkaccountants/ Website: https://twodrunkaccountants.com.au Email: twodrunkpodcast@gmail.com

The time has come, someone was finally brave enough to show us their books. Live in this episode we analyse the books of Stone Pine Distillery and call a special guest to see if we get our assumptions right!    Stone Pine Distillery: https://www.stonepinedistillery.com.au/home Sponsor Offers:  Here Youtube: https://www.youtube.com/@TwoDrunkAccountants Instagram: https://www.instagram.com/twodrunkaccountants/ Website: https://twodrunkaccountants.com.au Email: twodrunkpodcast@gmail.com

This week we tackle another niche tax issue! If you make input taxed supplies - residential rent, financial supplies like dividends or credit - can you claim the GST on the expenses?  The answer is mostly no but sometimes yes!    Sponsor Offers:  Here Youtube: https://www.youtube.com/@TwoDrunkAccountants Instagram: https://www.instagram.com/twodrunkaccountants/ Website: https://twodrunkaccountants.com.au Email: twodrunkpodcast@gmail.com

This week Tim and Dan dive into the tricky world of owning property while your tax residency changes, you might owe more tax then you think...or none at all! I really depends.    Sponsor Offers:  Here Youtube: https://www.youtube.com/@TwoDrunkAccountants Instagram: https://www.instagram.com/twodrunkaccountants/ Website: https://twodrunkaccountants.com.au Email: twodrunkpodcast@gmail.com

It's the new year and we thoughts why not dissect some financials while you enjoy your holidays! Can Dan guess who these financials are? Would he buy this business? Find out now!  Sponsor Offers:  Here Youtube: https://www.youtube.com/@TwoDrunkAccountants Instagram: https://www.instagram.com/twodrunkaccountants/ Website: https://twodrunkaccountants.com.au Email: twodrunkpodcast@gmail.com

It's Christmas time and of course of the Two Drunk Accountants that means the Drunkies! That's right who will win the small business and accounting communities most prestigious awards! Listen now to find out!    Sponsor Offers:  Here Youtube: https://www.youtube.com/@TwoDrunkAccountants Instagram: https://www.instagram.com/twodrunkaccountants/ Website: https://twodrunkaccountants.com.au Email: twodrunkpodcast@gmail.com

This week Tim and Dan go through some interesting data recently released by the ABS (the Bureau) and what they mean for you business!    Sponsor Offers:  Here Youtube: https://www.youtube.com/@TwoDrunkAccountants Instagram: https://www.instagram.com/twodrunkaccountants/ Website: https://twodrunkaccountants.com.au Email: twodrunkpodcast@gmail.com

The podfather returns! John Munden and Dilnar Tangri from Cloudoffis join us to discuss why you are getting fatigue from the ever growing list of apps in your tech stack, how AI is leading to growing expectations from your software and how this relates to your business and your clients!  Sponsor Offers:  Here Cloudoffis: https://cloudoffis.com.au/ Youtube: https://www.youtube.com/@TwoDrunkAccountants Instagram: https://www.instagram.com/twodrunkaccountants/ Website: https://twodrunkaccountants.com.au Email: twodrunkpodcast@gmail.com

Greatest friend of the podcast Heather Smith joins Dan to discuss 5 things we each have on our mind. We talk about our podcast network, we discuss the best new apps for small business and accountants, we discuss what we think about auto-reconciliation and we discuss guests we would love on the show!    Sponsor Offers:  Here Heather Smith: https://au.linkedin.com/in/heathersmithau Accounting Apps Podcast: https://www.heathersmithsmallbusiness.com/podcast/ Youtube: https://www.youtube.com/@TwoDrunkAccountants Instagram: https://www.instagram.com/twodrunkaccountants/ Website: https://twodrunkaccountants.com.au Email: twodrunkpodcast@gmail.com

This week Tim and Dan are joined by their partner in mortgages Nick Ware from Mortgage Choice Wyong to discuss the reasons you might want to consider refinancing that isn't just a lower interest rate. Dan also reveals part 1 of his revenge on rat gate.    Sponsor Offers:  Here Nick Ware: nicholas.ware@mortgagechoice.com.au Youtube: https://www.youtube.com/@TwoDrunkAccountants Instagram: https://www.instagram.com/twodrunkaccountants/ Website: https://twodrunkaccountants.com.au Email: twodrunkpodcast@gmail.com

Can you claim your rent (or mortgage) as a tax deduction? The answer could be yes! But also no. Plus Dan surprises Tim with big news!    Sponsor Offers:  Here Youtube: https://www.youtube.com/@TwoDrunkAccountants Instagram: https://www.instagram.com/twodrunkaccountants/ Website: https://twodrunkaccountants.com.au Email: twodrunkpodcast@gmail.com

Book nuggets is back and this time we tackle Traction by Gino Wickman. Do you feel like you are struggling to hit the ground running with progress in your business? Well this book aims to solve that. We also discuss another new housing policy idea Dan has!  Sponsor Offers:  Here Youtube: https://www.youtube.com/@TwoDrunkAccountants Instagram: https://www.instagram.com/twodrunkaccountants/ Website: https://twodrunkaccountants.com.au Email: twodrunkpodcast@gmail.com

This week we are joined by Steve Hui Australia's #1 Points travel expert to talk all things points! Where to get them, are they worth it? Where to spend them? Find out on this episode!  Links: Steve Hui: https://au.linkedin.com/in/stevenhui Pay.com.au: https://pay.com.au/ Sponsor Offers:  Here Youtube: https://www.youtube.com/@TwoDrunkAccountants Instagram: https://www.instagram.com/twodrunkaccountants/ Website: https://twodrunkaccountants.com.au Email: twodrunkpodcast@gmail.com

This week Tim and Dan discuss the governments updates to the superannuation....again. We also discuss what big companies aren't and are paying tax.    Links: Youtube: https://www.youtube.com/@TwoDrunkAccountants Instagram: https://www.instagram.com/twodrunkaccountants/ Website: https://twodrunkaccountants.com.au Email: twodrunkpodcast@gmail.com

No episode this week as we take a quick break. Instead we update you on all of the exciting things coming up in the next 2 months! 

This week we chat about director penalty notices and how to avoid them! With the ATO issuing more and more DPN's we discuss what they are and how to avoid becoming personally liable for your company's tax debts! Links: Youtube: https://www.youtube.com/@TwoDrunkAccountants Instagram: https://www.instagram.com/twodrunkaccountants/ Website: https://twodrunkaccountants.com.au Email: twodrunkpodcast@gmail.com

This week Tim and Dan discuss your most important investment and that is your time. We recently attended a talk by Kate Christie about ways to save time, and you know we love a time-ass-tip, so discuss what we learned from this awesome session.  Links: Youtube: https://www.youtube.com/@TwoDrunkAccountants Instagram: https://www.instagram.com/twodrunkaccountants/ Website: https://twodrunkaccountants.com.au Email: twodrunkpodcast@gmail.com

This week we discuss 5 pieces of the data that you will likely overlook that will greatly increase your risk of being reviews or audited by the ATO.    Links: Youtube: https://www.youtube.com/@TwoDrunkAccountants Instagram: https://www.instagram.com/twodrunkaccountants/ Website: https://twodrunkaccountants.com.au Email: twodrunkpodcast@gmail.com ATO Industry Code Finder: https://www.ato.gov.au/calculators-and-tools/businesses-industry-code-tool  

This week we tackle another set of financial statements from an interesting point in time, Twitter circa 2021. Tim has seen them, Dan has not. Can he answer whats good, whats not good, what is the industry, what is the business and would he invest? Find out as we deep dive and analyse Twitters financials!  Don't forget you can submit your anonymised financial statement for us to review on a future episode of Show us ya books! by emailing them to twodrunkpodcast@gmail.com.   Links: Youtube: https://www.youtube.com/@TwoDrunkAccountants Instagram: https://www.instagram.com/twodrunkaccountants/ Website: https://twodrunkaccountants.com.au    

This week we recap our time at Xerocon! We rehash the fun times and of course all the product announcements from Xero this year. We chat to Angad Soin Manage Director of Xero Australia and NZ and Chief Global Strategy Officer and debrief with friend of the pod Heather Smith!