The Lat Chat

Latitude Accountants

Hey small business heroes, we’re John Saade & Jacob Fahmy from Latitude Accountants and we are the hosts of The Lat Chat, your go-to podcast for insightful discussions on the world of small business. Join us as we dive deep into the intricacies, challenges, and triumphs of entrepreneurship, offering practical advice and invaluable insights for aspiring and seasoned business owners alike. Each episode, we bring to the table a wealth of experience and expertise along with special guests ranging from successful entrepreneurs to industry leaders. Together, we explore a wide range of topics

  1. 1 day ago

    Should You Get Your Investment Property Valued? I Built a Calculator to Find Out

    Should you get your investment property valued at 30 June 2027? In this video, John breaks down the proposed CGT changes discussed for 1 July 2027 and explains why the timing of your property’s capital growth could make a huge difference to the tax you eventually pay. Rather than just talking through the theory, we built a calculator to compare two options: Getting a formal market valuation at 30 June 2027 Using the proposed ATO apportionment formula We run through several real world scenarios to show when paying for a valuation could potentially save you money, when it may not be worth it, and why two investors with similar properties could end up with very different tax outcomes. In this episode: • How the proposed 2027 CGT changes work • Formal valuation vs the ATO formula • Why the timing of your capital growth matters • When a valuation could potentially save you thousands • When you may be better off using the formula • What happens if your property grows faster before or after 2027 • Why renovations and rapid property growth could matter • Retrospective property valuations • What this means for investment properties, shares, crypto and your main residence • How our CGT calculator compares different scenarios The biggest takeaway? It is not just about how much your property grows. It is about when that growth happens. Need an accountant? GET A FREE CONSULTATION FOR ALL ABN HOLDERS https://forms.zohopublic.com/john205/form/GENERALENQUIRYFORM/formperma/VYEBrsCV_ompEVvnkA0eygWlJxXO5OajFsjjngf_jzw OUR SERVICES https://latitudeaccountants.com.au/accounting-services/ [Info@latitudeaccountants.com.au](mailto:Info@latitudeaccountants.com.au) TikTok https://www.tiktok.com/@latitudeaccountants Instagram https://www.instagram.com/latitudeaccountants/ YouTube https://www.youtube.com/@LatitudeAccountants LinkedIn https://www.linkedin.com/company/latitude-accountants/ Facebook https://www.facebook.com/latitudeaccountants/ Website https://latitudeaccountants.com.au/ This content is general information only and does not constitute financial, legal, tax, property or business advice. Speak with a qualified adviser about your own circumstances. #PropertyInvestment #CapitalGainsTax #CGT #InvestmentProperty #AustralianProperty #PropertyTax #AustralianTax #LatitudeAccountants

  2. 2 days ago

    When Business Debt Becomes Too Much

    In this episode, Toufic Haddad sits down with David Ingram from I&R Advisory to talk through one of the most stressful situations a business owner can face.Your sales are down.Cash flow is tight.Suppliers are chasing.The ATO is owed money.Debtors are not paying.And the business is sitting in a serious hole.So what do you actually do?David explains what can happen when a business is under serious financial pressure, why early advice matters, and why ignoring the problem usually makes things worse.Toufic and David also break down the role of insolvency practitioners, what liquidation and administration can involve, why some businesses can potentially be restructured, and why some businesses may need to be shut down before the hole gets even deeper.They also discuss the common reasons businesses fail, including growing too fast, poor cashflow, unpaid debtors, tax lodgement issues, excessive overheads, flashy spending, poor advice, Div 7A loans, and directors taking too much money out of the company.David also explains what liquidators may be able to recover, including director loans, cars, boats, racehorses, money placed into home loans, and even property purchased with company funds.This episode covers:Business debtWhat to do if your business is in financial difficultyWhen to speak to your accountantWhen to speak to an insolvency practitionerLiquidation and administrationWhy early intervention mattersWhy putting your head in the sand makes things worseWhy pride can make business debt worseGrowing too fastDebtors not payingTax lodgement problemsATO debtOverheads and lifestyle spendingDiv 7A loansDirectors taking money out of the companyWhat liquidators can recoverCars, boats, racehorses and propertyWhy viable businesses may still have optionsWhy some businesses need to be shut downThe role of directors during financial distressIf your business is under financial pressure, the worst thing you can do is ignore it. Get advice early, understand the numbers, and work out what options are available before the situation gets worse.Connect with David Ingram and I&R Advisory:I&R Advisory Websitehttps://iandradvisory.com.au/I&R Advisory Contacthttps://iandradvisory.com.au/contact-usDavid Ingram LinkedInhttps://au.linkedin.com/in/david-ingram-76b22052I&R Advisory LinkedInhttps://www.linkedin.com/company/i-r-advisoryNeed an accountant?GET A FREE CONSULTATION FOR ALL ABN HOLDERShttps://forms.zohopublic.com/john205/form/GENERALENQUIRYFORM/formperma/VYEBrsCV_ompEVvnkA0eygWlJxXO5OajFsjjngf_jzwOUR SERVICEShttps://latitudeaccountants.com.au/accounting-services/Info@latitudeaccountants.com.auTikTokhttps://www.tiktok.com/@latitudeaccountantsInstagramhttps://www.instagram.com/latitudeaccountants/YouTubehttps://www.youtube.com/@LatitudeAccountantsLinkedInhttps://www.linkedin.com/company/latitude-accountants/Facebookhttps://www.facebook.com/latitudeaccountants/Websitehttps://latitudeaccountants.com.au/This content is general information only and does not constitute financial, legal, tax, insolvency or business advice. Speak with a qualified adviser about your own circumstances.

  3. 4 days ago

    The Best Business Structure For Tradies

    Welcome back to Tradie Pat.In episode 2, Patrick El-Bitar breaks down one of the biggest decisions tradies need to make when starting or growing their business: business structure.Should you operate as a sole trader?Should you set up a company?Do you need a trust?Pat explains the key differences between sole traders, companies and trusts, including asset protection, tax, admin costs, compliance, workers compensation, super, and why the cheapest option today may not be the best option for the business you want to build in the future.He also breaks down the 3 types of tradies in business:The hustlerThe technicianThe businessmanThe hustler is great at getting work.The technician is great on the tools.The businessman is focused on systems, staff, margins and growth.The problem is, most tradies are not naturally great at all three.This episode is about understanding what structure suits your business, what type of tradie you are, and what you may need to improve if you want to build a trade business that actually works.In this episode:Sole trader vs company vs trustAsset protection for tradiesTax differences between structuresCompany tax and personal taxDiv 7A basicsAdmin and accounting costsWorkers compensation and superWhy trusts are not always betterThe hustler, technician and businessmanWhy good tradies do not always build good businessesWhen to hire, outsource or partner upHow to future proof your trade businessWebsitehttps://latitudeaccountants.com.au/This content is general information only and does not constitute financial, legal, tax or business advice. Speak with a qualified adviser about your own circumstances.Chapters00:00 Choosing the right business structure01:11 Sole trader, company or trust?01:26 Asset protection, tax and admin costs02:03 Sole trader explained02:50 Company structure explained03:46 Sole trader vs company tax05:05 Taking money out of a company05:45 Trust structure explained06:40 Which structure should you choose?07:20 Setup and accounting costs11:01 The 3 types of tradies11:11 The hustler12:01 The technician12:39 The businessman13:31 How to work on your weaknesses14:20 Final advice for tradies

  4. 5 days ago

    Accountants Reveal The Conversations Clients Hate

    Welcome back to The Account Rant.In this episode, Jacob Fahmy, Toufic Haddad and Patrick El-Bitar talk through the hardest conversations accountants have with business owners.They cover the conversations clients usually do not want to hear, from director penalty notices and personal liability, to bad business ideas, unrealistic dreams, Division 7A loans, taking money out of a company, sham contracting, PSI rules, and the difference between being a great technician and actually running a good business.They also discuss why cash in the bank is not always profit, why good financial habits matter, why contractors are not always contractors, and why some business owners need to decide whether they are operators, technicians, or both.This episode covers:Director penalty noticesPersonal liability for company tax debtsWhy directors need to know what is being lodgedBad business ideas and emotional decision makingWhy numbers matter more than dreamsBreak even analysis before starting a businessDivision 7A loansTaking money out of a companyWages, dividends and loansWhy business cash is not always yoursProfit versus cash in the bankGood money habits for business ownersSham contractingPSI rulesWhy an ABN does not always make you a businessTechnician versus operatorWhen business ownership is not worth itThe pressure to call yourself an entrepreneurTikTokhttps://www.tiktok.com/@latitudeaccountantsInstagramhttps://www.instagram.com/latitudeaccountants/YouTubehttps://www.youtube.com/@LatitudeAccountantsLinkedInhttps://www.linkedin.com/company/latitude-accountants/Facebookhttps://www.facebook.com/latitudeaccountants/Websitehttps://latitudeaccountants.com.au/This content is general information only and does not constitute financial, legal, tax or business advice. Speak with a qualified adviser about your own circumstances.Chapters00:00 The hardest conversations accountants have02:45 Director penalty notices explained06:58 Your dream business might be a bad idea12:41 Break even before you invest16:28 Div 7A and taking money from your company20:53 Why profit is not cash in the bank24:36 The contractor vs employee trap28:18 Technician vs business owner33:11 Knowing when to walk away37:04 Stop chasing the entrepreneur label

  5. 11 Sept

    The Property Crash That Could Trigger A Recession

    Welcome back to CEO Breakdown.John Saade is back with another update on the Australian property market, and this one goes beyond house prices.Sydney property is falling faster than many experts expected. Forecasts are being revised lower, major banks are warning of more rate rises, and high end homes are already selling for millions below their previous sale prices.John breaks down the latest property headlines, including warnings about a potential recession, deeper property price falls, mortgage stress, falling buyer confidence, and why some sellers may no longer be able to keep their heads in the sand.But the bigger question is what happens next.If property prices fall, transactions slow down, and stamp duty revenue collapses, state governments lose a major source of income.So where do they get the money from?John looks at whether governments could eventually turn their attention to the family home, why stamp duty has become such a fragile revenue source, and why a property downturn could quickly become a government budget problem.He also discusses the Bathla collapse, the ATO debt issue, workers being stood down, the risk to creditors and employees, and why unpaid tax debt can create serious flow on effects through the economy.This episode covers:Sydney property price fallsHSBC’s revised property forecastsAlan Kohler’s recession warningBig 4 banks forecasting further rate risesWhy low interest rates may not come back soonBalmain and Birchgrove property lossesMortgagee in possession salesBuyer opportunities in a falling marketWhy borrowing capacity drives house pricesBathla standing down more than 200 workersThe ATO debt problemWhy unpaid PAYG and GST can hide bigger business issuesStamp duty revenue fallingWhy state governments rely on property transactionsThe risk of state budget holesCould the family home be taxed next?Land tax and the family home debateTom Panos on property falls and household wealthThe work from home debateWhy John believes office culture still mattersJohn is not saying a new family home tax is guaranteed.But if stamp duty revenue keeps falling and state governments need to find money, he asks the question many homeowners probably do not want to think about:Could the family home be next?Need an accountant?GET A FREE CONSULTATION FOR ALL ABN HOLDERShttps://forms.zohopublic.com/john205/form/GENERALENQUIRYFORM/formperma/VYEBrsCV_ompEVvnkA0eygWlJxXO5OajFsjjngf_jzwOUR SERVICEShttps://latitudeaccountants.com.au/accounting-services/Info@latitudeaccountants.com.auTikTokhttps://www.tiktok.com/@latitudeaccountantsInstagramhttps://www.instagram.com/latitudeaccountants/YouTubehttps://www.youtube.com/@LatitudeAccountantsLinkedInhttps://www.linkedin.com/company/latitude-accountants/Facebookhttps://www.facebook.com/latitudeaccountants/Websitehttps://latitudeaccountants.com.au/This content is general information only and does not constitute financial, legal, tax, property, mortgage, investment or business advice. Speak with a qualified adviser about your own circumstances.

  6. 10 Sept

    The Federal Budget Tax Changes Are A Mess

    Welcome back to The Account Rant. In this episode, John Saade sits down with Leigh Morris, founder of SFP Financial and the voice behind Financial Leigh, to break down the major tax changes from the 2026 federal budget. They go through what was announced on budget night, what has changed since, and why so many of the new rules feel messy, confusing or half finished. John and Leigh discuss the personal tax rate cut, the $1,000 standard work deduction, the new working Australian tax offset, capital gains tax changes, negative gearing grandfathering, SMSF borrowing restrictions, company loss carry back, the instant asset write off, and the proposed 30 percent minimum tax on discretionary trusts. Some of the changes sound helpful on the surface. But when you start looking closer, the picture becomes much more complicated. A $1,000 work deduction does not mean $1,000 back in your pocket. CGT indexation may help some long term property investors, but hurt people with fast growing assets. SMSF borrowing changes may reduce investment into new residential property. And the trust tax changes could completely change how family trusts are used by small business owners and investors. John and Leigh break down who wins, who loses, and why the tax system feels harder to plan around than ever. This episode covers: Personal tax rate changes The $1,000 standard work deduction Why a tax deduction is not the same as cash back The $250 working Australian tax offset Capital gains tax changes Indexation replacing the 50 percent CGT discount Who wins and loses under the new CGT rules Negative gearing grandfathering Inherited property and the “widow tax” issue Pre 1986 CGT assets Small business CGT concessions SMSF residential property borrowing restrictions Company loss carry back The $20,000 instant asset write off Discretionary trust minimum tax Family trusts and income splitting Why trusts may lose flexibility Federal budget backflips and draft legislation Leigh’s final rating of the budget By the end, Leigh gives the budget two thumbs down, and John explains why many of these changes create more questions than answers for taxpayers, investors and small business owners. Connect with Leigh Morris: SFP Financial https://www.sfpfinancial.com.au/ Instagram https://www.instagram.com/financial.leigh/ LinkedIn https://www.linkedin.com/in/leighjmorris/ Need an accountant? GET A FREE CONSULTATION FOR ALL ABN HOLDERS https://forms.zohopublic.com/john205/form/GENERALENQUIRYFORM/formperma/VYEBrsCV_ompEVvnkA0eygWlJxXO5OajFsjjngf_jzw OUR SERVICES https://latitudeaccountants.com.au/accounting-services/ Info@latitudeaccountants.com.au TikTok https://www.tiktok.com/@latitudeaccountants Instagram https://www.instagram.com/latitudeaccountants/ YouTube https://www.youtube.com/@LatitudeAccountants LinkedIn https://www.linkedin.com/company/latitude-accountants/ Facebook https://www.facebook.com/latitudeaccountants/ Website https://latitudeaccountants.com.au/ This content is general information only and does not constitute financial, legal, tax, mortgage, superannuation, investment or business advice. Speak with a qualified adviser about your own circumstances.

  7. 8 Sept

    How to Survive A $300,000 Tax Debt?

    In this episode, Toufic Haddad sits down with David Ingram from I&R Advisory to talk through one of the most stressful situations a business owner can face.Your sales are down.Cash flow is tight.Suppliers are chasing.The ATO is owed money.And the business is sitting in a serious hole.So what do you actually do?David explains the options available to distressed businesses, including payment plans, cost cutting, liquidation, voluntary administration and small business restructuring.Toufic and David also break down what an SBR actually is, who may qualify, how creditors vote on the proposal, why the ATO is often the major creditor, and why the numbers need to prove the business is viable before any restructure makes sense.This episode covers:Small business tax debtWhat to do if your business is in financial difficultyWhen to speak to your accountantATO payment plansSmall business restructuringWhat an SBR actually meansPaying creditors cents in the dollarHow creditor voting worksLiquidation versus restructureWhy viable businesses can sometimes be savedWhy some businesses need to be shut downEmployee entitlements and lodgement requirementsThe role of insolvency practitionersWhy putting your head in the sand makes things worseIf your business is under financial pressure, the worst thing you can do is ignore it. Get advice early, understand the numbers, and work out whether the business can be saved before the situation gets worse.Connect with David Ingram and I&R Advisory:I&R Advisory Websitehttps://iandradvisory.com.au/I&R Advisory Contacthttps://iandradvisory.com.au/contact-usDavid Ingram LinkedInhttps://au.linkedin.com/in/david-ingram-76b22052I&R Advisory LinkedInhttps://www.linkedin.com/company/i-r-advisoryNeed an accountant?GET A FREE CONSULTATION FOR ALL ABN HOLDERShttps://forms.zohopublic.com/john205/form/GENERALENQUIRYFORM/formperma/VYEBrsCV_ompEVvnkA0eygWlJxXO5OajFsjjngf_jzwOUR SERVICEShttps://latitudeaccountants.com.au/accounting-services/Info@latitudeaccountants.com.auTikTokhttps://www.tiktok.com/@latitudeaccountantsInstagramhttps://www.instagram.com/latitudeaccountants/YouTubehttps://www.youtube.com/@LatitudeAccountantsLinkedInhttps://www.linkedin.com/company/latitude-accountants/Facebookhttps://www.facebook.com/latitudeaccountants/Websitehttps://latitudeaccountants.com.au/This content is general information only and does not constitute financial, legal, tax, insolvency or business advice. Speak with a qualified adviser about your own circumstances.

  8. 7 Sept

    Why Bigger Business Isn't Better

    In this episode of The Account Rant, Jacob sits down with Rachel Carey to talk about the side of business growth people do not post about.More sales.More staff.More overheads.More problems.Rachel breaks down why growth can become dangerous if the systems, people and profit are not keeping up, and why business owners need to earn the lifestyle they want before pretending they already have it.Connect with Rachel CareyRachel Carey Websitehttps://www.rachelcarey.au/What Are We Drinking? w/ Rachel Carey Podcasthttps://www.youtube.com/@UCCoPPNW50WqjAR0lErxjEwQ Rachel Carey Instagramhttps://www.instagram.com/officialrachelcarey/Rachel Carey LinkedInhttps://www.linkedin.com/in/rachel-carey-allara/Allara Support Serviceshttps://www.allarasupportservices.com.au/Need an accountant?GET A FREE CONSULTATION FOR ALL ABN HOLDERShttps://forms.zohopublic.com/john205/form/GENERALENQUIRYFORM/formperma/VYEBrsCV_ompEVvnkA0eygWlJxXO5OajFsjjngf_jzwOUR SERVICEShttps://latitudeaccountants.com.au/accounting-services/Info@latitudeaccountants.com.auTikTokhttps://www.tiktok.com/@latitudeaccountantsInstagramhttps://www.instagram.com/latitudeaccountants/YouTubehttps://www.youtube.com/@LatitudeAccountantsLinkedInhttps://www.linkedin.com/company/latitude-accountants/Facebookhttps://www.facebook.com/latitudeaccountants/Websitehttps://latitudeaccountants.com.au/The Account Rant is a business and accounting podcast by Latitude Accountants.This is general information only, not business, financial or tax advice. Speak with a qualified adviser about your own circumstances.Chapters00:00 When growth stops being worth it00:23 Revenue is vanity, profit is sanity01:23 Every sales level has new problems02:00 The $300k to $500k wilderness02:39 Why $1 million can be easier than $500k03:41 Growth sucks cash04:23 Sales do not matter without profit05:18 Hiring great people06:29 You have to earn work life balance08:07 The 4 hour work week is not real09:15 The trenches before success13:01 How ambitious employees should grow15:17 Why small business owners matter17:20 Rachel’s best advice for business owners#TheAccountRant #RachelCarey #BusinessGrowth #SmallBusinessAustralia #Entrepreneurship #BusinessOwner #RevenueIsVanity #ProfitIsSanity #LatitudeAccountants

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About

Hey small business heroes, we’re John Saade & Jacob Fahmy from Latitude Accountants and we are the hosts of The Lat Chat, your go-to podcast for insightful discussions on the world of small business. Join us as we dive deep into the intricacies, challenges, and triumphs of entrepreneurship, offering practical advice and invaluable insights for aspiring and seasoned business owners alike. Each episode, we bring to the table a wealth of experience and expertise along with special guests ranging from successful entrepreneurs to industry leaders. Together, we explore a wide range of topics

Information

  • Creator
    Latitude Accountants
  • Years Active
    2025 - 2026
  • Episodes
    120
  • Rating
    Explicit
  • Copyright
    © Latitude Accountants
  • Show Website
    The Lat Chat

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