In this episode of The Accountant That Builds, host Shannon Smit discusses the massive wealth transfer expected from Baby Boomers to the next generation, estimated at $84 trillion. Shannon highlights the opportunities and challenges of this wealth transfer, focusing on estate planning, tax liabilities, and how Baby Boomers are increasingly offering financial support to their families during their lifetimes. She explains the often-overlooked 17% tax on inherited superannuation and emphasises the importance of tools like testamentary trusts to protect family wealth from divorce settlements and creditors.Shannon also explores investment and education bonds, which have evolved into tax-efficient strategies for multi-generational wealth transfer. These bonds allow for tax-free growth over 10 years, offering flexibility and security for both current and future generations. By planning early and carefully, Baby Boomers can minimise tax burdens and ensure their hard-earned wealth benefits their families for years to come.

In this episode of The Accountant That Builds, host Shannon Smit discusses the massive wealth transfer expected from Baby Boomers to the next generation, estimated at $84 trillion. Shannon highlights the opportunities and challenges of this wealth transfer, focusing on estate planning, tax liabilities, and how Baby Boomers are increasingly offering financial support to their families during their lifetimes. She explains the often-overlooked 17% tax on inherited superannuation and emphasises the importance of tools like testamentary trusts to protect family wealth from divorce settlements and creditors.Shannon also explores investment and education bonds, which have evolved into tax-efficient strategies for multi-generational wealth transfer. These bonds allow for tax-free growth over 10 years, offering flexibility and security for both current and future generations. By planning early and carefully, Baby Boomers can minimise tax burdens and ensure their hard-earned wealth benefits their families for years to come.

Baby Boomers & The Great Wealth Transfer

On the Accountant That Builds podcast, we welcome David Jenyns, founder of Systemology.

We wanted to chat with Dave as we recognise that one of the biggest missing pieces to grow a small and medium sized business to the next level is understanding HOW you can do it. 

Systemology is a gamechanger in helping businesses create processes for simple, repeatable tasks so you can free up time to focus on revenue generating tasks. 

At Smart, we implemented Systemology and SystemHUB into our operations a number of years ago, and it has absolutely been a gamechanger to help streamline everything from operations and procedures, for admin, accounting, marketing and everything in between. 

Dave has worked out how to integrate AI into businesses so that it’s achievable and easy to understand, helping businesses spend time on more strategic, revenue-generating activities rather than being bogged down in operations. 

Today, David’s mission is to free all business owners worldwide from the daily operations of running their businesses.

Dave spends most of his time supporting the growing community of certified SYSTEMologists as they help business owners implement SYSTEMology across the globe.

He also delivers workshops, and keynote addresses and hosts his own popular podcast – Business Processes Simplified. Find out more about SYSTEMology here: https://www.systemology.com/

On the Accountant That Builds podcast, we welcome David Jenyns, founder of Systemology.
We wanted to chat with Dave as we recognise that one of the biggest missing pieces to grow a small and medium sized business to the next level is understanding HOW you can do it. 
Systemology is a gamechanger in helping businesses create processes for simple, repeatable tasks so you can free up time to focus on revenue generating tasks. 
At Smart, we implemented Systemology and SystemHUB into our operations a number of years ago, and it has absolutely been a gamechanger to help streamline everything from operations and procedures, for admin, accounting, marketing and everything in between. 
Dave has worked out how to integrate AI into businesses so that it’s achievable and easy to understand, helping businesses spend time on more strategic, revenue-generating activities rather than being bogged down in operations. 
Today, David’s mission is to free all business owners worldwide from the daily operations of running their businesses.
Dave spends most of his time supporting the growing community of certified SYSTEMologists as they help business owners implement SYSTEMology across the globe.
He also delivers workshops, and keynote addresses and hosts his own popular podcast – Business Processes Simplified. Find out more about SYSTEMology here: <a href="https://url.au.m.mimecastprotect.com/s/wANZCBNW6vHW7gLiz6R1H?domain=systemology.com/" data-saferedirecturl="https://www.google.com/url?q=https://url.au.m.mimecastprotect.com/s/wANZCBNW6vHW7gLiz6R1H?domain%3Dsystemology.com/&amp;source=gmail&amp;ust=1723528589768000&amp;usg=AOvVaw3m7LouBZcFpzma-EamClNG">https://www.systemology.com/</a>

Process Perfection: Crafting a Lean, Agile Business with Systems

Trigger Warning: This episode discusses issues around mental health and suicide.



Today we’re talking mental health in the workplace, with guest Mick Simmons, founder of Mental Health Safety Net, a local grass-roots organisation dedicated to providing suicide awareness training to workplaces and schools.

According to the Australian Bureau of Statistics (ABS) and other mental health organizations, approximately 45% of Australians will experience a mental health condition in their lifetime. This statistic highlights the significant impact mental health issues have on the population, underscoring the importance of awareness, support, and treatment options.

Mick Simmons, a London native, had the privilege of studying in Switzerland before settling in Australia 30 years ago. His professional journey began in hospitality, eventually leading him to teach cookery at Chisholm Rosebud.

His own experiences with mental health struggles led him to dedicating himself to addressing mental health, first working with a charity to reduce mental health struggles in men of all trades, then transitioning to tapping into his education background, educating young people on suicide prevention.

In this podcast, Mick shares some candid stories and why education and awareness is key to happier, healthier and more well balanced individuals.

For Mick, it starts with the young people who will become the next generation of professionals and workers who are better versed in looking out for each other in the face of a mental health struggle.



NOTE: If you or anyone you know are struggling with mental health, we recommend you reach out to www.beyondblue.org.au

Trigger Warning: This episode discusses issues around mental health and suicide.
 
Today we’re talking mental health in the workplace, with guest Mick Simmons, founder of Mental Health Safety Net, a local grass-roots organisation dedicated to providing suicide awareness training to workplaces and schools.
According to the Australian Bureau of Statistics (ABS) and other mental health organizations, approximately 45% of Australians will experience a mental health condition in their lifetime. This statistic highlights the significant impact mental health issues have on the population, underscoring the importance of awareness, support, and treatment options.
Mick Simmons, a London native, had the privilege of studying in Switzerland before settling in Australia 30 years ago. His professional journey began in hospitality, eventually leading him to teach cookery at Chisholm Rosebud.
His own experiences with mental health struggles led him to dedicating himself to addressing mental health, first working with a charity to reduce mental health struggles in men of all trades, then transitioning to tapping into his education background, educating young people on suicide prevention.
In this podcast, Mick shares some candid stories and why education and awareness is key to happier, healthier and more well balanced individuals.
For Mick, it starts with the young people who will become the next generation of professionals and workers who are better versed in looking out for each other in the face of a mental health struggle.
 
NOTE: If you or anyone you know are struggling with mental health, we recommend you reach out to <a href="http://www.beyondblue.org.au/" data-saferedirecturl="https://www.google.com/url?q=http://www.beyondblue.org.au&amp;source=gmail&amp;ust=1719444008599000&amp;usg=AOvVaw1VWKNOI9tLIlrbTNgrYk48">www.beyondblue.org.au</a>

Beyond the Surface: A Deep Dive into Mental Health in the Workplace

On the Accountant That Builds podcast, we welcome Kate Christie.

Kate is Australia’s top time management expert, working with clients including BUPA, Westpac, Specsavers, L’Oreal, Women in International Security, the Department of Prime Minister and Cabinet, The European Union, and Smart Business Solutions.

She is a sought-after media commentator, an Opinion Columnist for CEOWorld Magazine, and a co-host on TV’s Kochie’s Business Builders.

As the best-selling author of five books, Kate has spoken to audiences around the world, including in Australia, Asia, America, Europe, and the United Kingdom.

Kate has conducted time investment workshops with the team at Smart Business Solutions, significantly enhancing their work approach, efficiency, and output. Her methods have enabled each team member to better understand and apply their own efficiencies in a team environment. 

Kate’s insights will help individuals and business owners identify how to use their time to be revenue generating, minimise disruptions to ensure better productivity, understand where to outsource and where to reject activities.

Find out more about Kate Christie and her workshops at www.katechristie.com.au

On the Accountant That Builds podcast, we welcome Kate Christie.
Kate is Australia’s top time management expert, working with clients including BUPA, Westpac, Specsavers, L’Oreal, Women in International Security, the Department of Prime Minister and Cabinet, The European Union, and Smart Business Solutions.
She is a sought-after media commentator, an Opinion Columnist for CEOWorld Magazine, and a co-host on TV’s Kochie’s Business Builders.
As the best-selling author of five books, Kate has spoken to audiences around the world, including in Australia, Asia, America, Europe, and the United Kingdom.
Kate has conducted time investment workshops with the team at Smart Business Solutions, significantly enhancing their work approach, efficiency, and output. Her methods have enabled each team member to better understand and apply their own efficiencies in a team environment. 
Kate’s insights will help individuals and business owners identify how to use their time to be revenue generating, minimise disruptions to ensure better productivity, understand where to outsource and where to reject activities.
Find out more about Kate Christie and her workshops at www.katechristie.com.au

Time Management Like A Boss

Heather Gallagher is a seasoned finance professional with nearly 20 years of experience, focusing on the third-party space for the last decade.

Her dedication to assisting mortgage brokers in building successful, sustainable businesses through her role as outsource Financial's Head of Training and Education, is inspiring.

Heather has spearheaded transformative initiatives, including revamping mentoring programs and introducing innovative educational offerings. She has been instrumental in empowering mortgage brokers and administrative staff through tailored mentoring programs and weekly learning sessions.

Heather's passion for education aligns perfectly with our show's ethos, as we believe that education is key to empowerment. Our own team at Smart Business Solutions can attest firsthand to her training excellence.

In today's episode, we'll delve into Heather's journey in the finance industry, her insights on leadership and business growth, and the importance of continuous learning for everyone in the business regardless of their role.

Heather Gallagher is a seasoned finance professional with nearly 20 years of experience, focusing on the third-party space for the last decade.
Her dedication to assisting mortgage brokers in building successful, sustainable businesses through her role as outsource Financial's Head of Training and Education, is inspiring.
Heather has spearheaded transformative initiatives, including revamping mentoring programs and introducing innovative educational offerings. She has been instrumental in empowering mortgage brokers and administrative staff through tailored mentoring programs and weekly learning sessions.
Heather's passion for education aligns perfectly with our show's ethos, as we believe that education is key to empowerment. Our own team at Smart Business Solutions can attest firsthand to her training excellence.
In today's episode, we'll delve into Heather's journey in the finance industry, her insights on leadership and business growth, and the importance of continuous learning for everyone in the business regardless of their role.

How to Attract, Mentor and Keep Great Staff

In this episode of The Accountant That Builds, Shannon Smit, a seasoned expert in self-managed superannuation funds (SMSFs), delves into the world of SMSFs and the wealth-building opportunities they offer.

Through the lens of an accountant and a financial advisor, Shannon brings decades of knowledge and experience to the table.

She discusses the benefits of SMSFs, emphasising the control and flexibility they provide in managing retirement savings.

Shannon highlights key strategies for maximizing SMSF benefits, including investment diversification and tax efficiency. Whether you're a small business owner or simply interested in wealth-building and financial planning, this podcast provides a comprehensive overview of SMSFs, offering practical advice and actionable tips for listeners looking to take control of their retirement savings.

In this episode of The Accountant That Builds, Shannon Smit, a seasoned expert in self-managed superannuation funds (SMSFs), delves into the world of SMSFs and the wealth-building opportunities they offer.
Through the lens of an accountant and a financial advisor, Shannon brings decades of knowledge and experience to the table.
She discusses the benefits of SMSFs, emphasising the control and flexibility they provide in managing retirement savings.
Shannon highlights key strategies for maximizing SMSF benefits, including investment diversification and tax efficiency. Whether you're a small business owner or simply interested in wealth-building and financial planning, this podcast provides a comprehensive overview of SMSFs, offering practical advice and actionable tips for listeners looking to take control of their retirement savings.

Is SMSF The Right Investment Strategy For You?

In this episode of The Accountant That Builds, Shannon Smit interviews Sharon McClafferty, a business builder, consultant, presenter, and CEO at Slipstream Group.

Sharon is known for her purposeful and goal-driven approach, never shying away from big, intimidating challenges.

Together, Shannon and Sharon explore the key aspects of leadership and team growth, discussing how a great team starts with a leader's commitment to self-investment and upskilling, and how this sets the stage for a learning culture within the organisation.

They also highlight the importance of ongoing training and development for leaders and employees, and the impact it has on personal growth and business success. Join us for this insightful conversation about business leadership.



Produced by ACE Radio

In this episode of The Accountant That Builds, Shannon Smit interviews Sharon McClafferty, a business builder, consultant, presenter, and CEO at Slipstream Group.
Sharon is known for her purposeful and goal-driven approach, never shying away from big, intimidating challenges.
Together, Shannon and Sharon explore the key aspects of leadership and team growth, discussing how a great team starts with a leader's commitment to self-investment and upskilling, and how this sets the stage for a learning culture within the organisation.
They also highlight the importance of ongoing training and development for leaders and employees, and the impact it has on personal growth and business success. Join us for this insightful conversation about business leadership.
 
Produced by ACE Radio

Mentoring Business Leaders So They Can Lead

Going through a divorce or separation is undoubtedly challenging, but it's essential to take control of your financial future.

By understanding the impact of separation on your assets, seeking professional advice, and creating a solid financial plan, you can navigate this difficult time with confidence.

In this episode of The Accountant That Builds, Shannon Smit draws on her expertise as a financial advisor and accountant to provide insights into how to deal with the financial destruction following a divorce. 



Produced by ACE Radio

Going through a divorce or separation is undoubtedly challenging, but it's essential to take control of your financial future.
By understanding the impact of separation on your assets, seeking professional advice, and creating a solid financial plan, you can navigate this difficult time with confidence.
In this episode of The Accountant That Builds, Shannon Smit draws on her expertise as a financial advisor and accountant to provide insights into how to deal with the financial destruction following a divorce. 
 
Produced by ACE Radio

Rebuilding After Divorce

In this episode of The Accountant The Builds, Shannon Smit constructs a roadmap for strategic business growth, focusing on building success from the ground up.

She lays the foundation with seven key strategies, highlighting the importance of setting clear goals, constructing a robust business plan, and allocating resources wisely.

Shannon stresses the value of assembling a strong team and remaining adaptable to navigate the ever-changing business terrain.

Furthermore, she examines how technology serves as the cornerstone of growth, advocating for the implementation of CRM systems, integrating e-commerce platforms, harnessing the power of data analytics, automating processes, strengthening online presence, exploring cloud computing, and staying informed about technological advancements. By building on these strategies and embracing technology, businesses can create a sturdy framework for growth, surmount obstacles, and achieve their full potential in today's fiercely competitive market.

Click to access downloadable resources:
https://www.smartbusinesssolutions.com.au/podcast/episode-7-scaling-up-strategies-for-business-growth/

Produced by ACE Radio

In this episode of The Accountant The Builds, Shannon Smit constructs a roadmap for strategic business growth, focusing on building success from the ground up.
She lays the foundation with seven key strategies, highlighting the importance of setting clear goals, constructing a robust business plan, and allocating resources wisely.
Shannon stresses the value of assembling a strong team and remaining adaptable to navigate the ever-changing business terrain. Furthermore, she examines how technology serves as the cornerstone of growth, advocating for the implementation of CRM systems, integrating e-commerce platforms, harnessing the power of data analytics, automating processes, strengthening online presence, exploring cloud computing, and staying informed about technological advancements. By building on these strategies and embracing technology, businesses can create a sturdy framework for growth, surmount obstacles, and achieve their full potential in today's fiercely competitive market.
Click to access downloadable resources: <a href="https://url.au.m.mimecastprotect.com/s/u3DlCE8jxyHo0EPiNcOQU?domain=smartbusinesssolutions.com.au/" data-saferedirecturl="https://www.google.com/url?q=https://url.au.m.mimecastprotect.com/s/u3DlCE8jxyHo0EPiNcOQU?domain%3Dsmartbusinesssolutions.com.au/&amp;source=gmail&amp;ust=1713235903747000&amp;usg=AOvVaw0x3UrJ9WsHjri3f_iKZ_-N">https://www.smartbusinesssolutions.com.au/podcast/episode-7-scaling-up-strategies-for-business-growth/</a>
Produced by ACE Radio

Scaling Up: 7 Strategies For Business Growth

Join Shannon Smit, an expert in taxes, financial advice, and wealth building strategies, as she shares invaluable insights into setting and achieving your financial goals.

Gain a deeper understanding of budgeting, managing income and expenses, and balancing immediate needs with long-term goals. Shannon's advice and examples will help you make informed financial decisions and stay connected to your goals, ensuring a financial future you are committed to work towards.

From understanding the significance of financial goal setting to practical budgeting tips and the Three Buckets Approach for managing finances, Shannon's expertise will guide you on your wealth-building journey. Whether you're a business owner or an individual looking to make the most of your money, this episode offers a roadmap for financial stability and success.



Produced by ACE Radio

Join Shannon Smit, an expert in taxes, financial advice, and wealth building strategies, as she shares invaluable insights into setting and achieving your financial goals.
Gain a deeper understanding of budgeting, managing income and expenses, and balancing immediate needs with long-term goals. Shannon's advice and examples will help you make informed financial decisions and stay connected to your goals, ensuring a financial future you are committed to work towards.
From understanding the significance of financial goal setting to practical budgeting tips and the Three Buckets Approach for managing finances, Shannon's expertise will guide you on your wealth-building journey. Whether you're a business owner or an individual looking to make the most of your money, this episode offers a roadmap for financial stability and success.
 
Produced by ACE Radio

The Wealth Building Blueprint - Mastering Money & Goals

Welcome to The Accountant That Builds, a workshop style business and finance podcast focused on providing actionable advice to empower individuals and business owners to build lives and businesses they really love.

When host Shannon Smit decided to start her own accounting and business advisory firm, she had a vision from the beginning. With a career spanning global firms in New York, Prague, Amsterdam and Melbourne, Shannon chose to forgo a partner position at a Big 4 firm in New York, in favour of setting up a globally minded, local approach firm offering strategic tax, business and financial advisory in her local region, Mornington Peninsula. She wanted to give local business owners access an advisor with extensive global expertise, without having to travel to the city.  17 years on, and she’s got stories to tell about business and wealth building! Are you ready to build your business and your wealth?  

www.smartbusinesssolutions.com.au/podcast

Welcome to The Accountant That Builds, a workshop style business and finance podcast focused on providing actionable advice to empower individuals and business owners to build lives and businesses they really love.
When host Shannon Smit decided to start her own accounting and business advisory firm, she had a vision from the beginning. With a career spanning global firms in New York, Prague, Amsterdam and Melbourne, Shannon chose to forgo a partner position at a Big 4 firm in New York, in favour of setting up a globally minded, local approach firm offering strategic tax, business and financial advisory in her local region, Mornington Peninsula. She wanted to give local business owners access an advisor with extensive global expertise, without having to travel to the city.  17 years on, and she’s got stories to tell about business and wealth building! Are you ready to build your business and your wealth?  
<a href="https://www.smartbusinesssolutions.com.au/podcast/">www.smartbusinesssolutions.com.au/podcast</a>

The Accountant That Builds

Welcome to The Accountant That Builds, a workshop style business and finance podcast focused on providing actionable advice to empower individuals and business owners to build lives and businesses they really love.

When host Shannon Smit decided to start her own accounting and business advisory firm, she had a vision from the beginning. With a career spanning global firms in New York, Prague, Amsterdam and Melbourne, Shannon chose to forgo a partner position at a Big 4 firm in New York, in favour of setting up a globally minded, local approach firm offering strategic tax, business and financial advisory in her local region, Mornington Peninsula. She wanted to give local business owners access an advisor with extensive global expertise, without having to travel to the city.

17 years on, and she’s got stories to tell about business and wealth building! Are you ready to build your business and your wealth?  

Welcome to The Accountant That Builds, a workshop style business and finance podcast focused on providing actionable advice to empower individuals and business owners to build lives and businesses they really love.
When host Shannon Smit decided to start her own accounting and business advisory firm, she had a vision from the beginning. With a career spanning global firms in New York, Prague, Amsterdam and Melbourne, Shannon chose to forgo a partner position at a Big 4 firm in New York, in favour of setting up a globally minded, local approach firm offering strategic tax, business and financial advisory in her local region, Mornington Peninsula. She wanted to give local business owners access an advisor with extensive global expertise, without having to travel to the city.
17 years on, and she’s got stories to tell about business and wealth building! Are you ready to build your business and your wealth?

The Accountant That Builds

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