Australian Business Podcast, Editor's picks, Podcasts

Can my partner earn dividends from my business? Growing my handy man business & how can I buy a business but not the company?

In this question-and-answer episode of The Australian Business Podcast, your co-hosts Jordan Kidis and Danil Goloubev tell you what to look for when purchasing a business, when and how you should start paying yourself from your side hustle and some tips and tricks on expanding your business.

Listen to the Australian Business Podcast now

In this question-and-answer episode of The Australian Business Podcast, your co-hosts Jordan Kidis and Danil Goloubev tell you what to look for when purchasing a business, when and how you should start paying yourself from your side hustle and some tips and tricks on expanding your business.

In this episode of The Australian Business Podcast, I Jordan Kidis sat down with my co-host Danil Goloubev of Grey Space Advisory to answer your questions.

Here is the list of Australian Business Podcast questions we answered this week:

Crafty Critter asks:

I am looking to buy a papercraft business. They have a structure where the company is a trustee of a family trust. They are not looking to sell the company, just the business and 3 relevant business names. Can you explain the process of buying the business and not the company? Also I am wondering what to look for in the financials as they have (logically) been minimising profit, but how do I find the red flags?

BitMoreThanSideHustle wants to know if its possible to pay themselves and their partner from the business.

I have a side-business that makes $50k/yr that I don’t take any income from as I’m in the 32.5% income bracket. My partner takes dividends from it as she’s currently on maternity leave. Should I be claiming company expenses (e.g. food on business trips) on my own personal tax return to get a 34.5% reimbursement rather than paying from the company card?

Heaps Handy is a little stuck and was keen to find out some tips on growth.

I am currently running a small handy man business and am struggling to expand, do you have any tips?

Send us your business questions for this weekend’s episode

Anyone can send us questions… that means you! Click here send Jordan, Danil and Owen a question to answer on air. Just select “The Australian Business Podcast” when prompted.

New here? Subscribe for weekly shows!

Subscribe to the Australian Business Podcast on all major platforms. We release episodes weekly!

Australian Business Podcast resources

Amazing deals go below 👇

Grey Space Advisory – snag a $100 health check

Do you get stuck worrying about your business’ finances? Or what needs to be paid to ATO, employees, Super funds and so on? The Australian Business Podcast is proud to announce that our sponsor, Grey Space Advisory, is offering all business owners a financial health check.

Jordan and Danil’s expert team of accountants will conduct a review of your tax structure, bank setup, ATO obligations and reporting, business insurance and provide some advice on how to manage all of this — for just $99! You can book a $99 health check with the Grey Space Advisory team and tell them Owen sent you.

Rumble Coffee Roasters — our first partner!

Rumble Coffee Roasters is dedicated to helping you drink better coffee. Knock-out blends, world-class single origins, bold espressos and flavour-filled filter roasts. Rumble Coffee prides itself on personal relationships with producers and customers alike.

They pay farmers fairly so that they can invest in their land, their employees and their communities. You can buy some beans to drink at home or in the office via rumblecoffee.com.au. Alternatively, if you’re a coffee shop owner — get in touch and discover better ways to serve your customers. Tell them Rask sent you.

Rask – Get Owen’s best investing research

The Australian Business Podcast’s official sponsor is Rask, our very own company. We empower hundreds of thousands of investors around Australia, whether you’re new or have been investing for 40 years. You can take an investing course on Rask Education to discover how Owen carefully researches small or blue chip companies, or become a premium Rask member today to speak directly with Owen and see what he is investing in.

As Warren Buffett famously said, “I am a better investor because I am a businessman, and a better businessman because I am no investor.”

***

The information on this website and in our podcasts is general financial advice only. That means, the advice does not take into account your objectives, financial situation or needs. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. In addition, you should obtain and read the product disclosure statement (PDS) before making a decision to acquire a financial product. If you don’t know what your needs are, you should consult a trusted and licensed financial adviser who can provide you with personal financial product advice. Please read our Terms & Conditions and Financial Services Guide before using this website.

Share this episode:

Search by ticker code:

Companies mentioned:

Other episodes:

Pete’s Powerhouse Portfolio (Buy Right Approach Part 2)

Using ETFs for passive income (step by step, with ETF examples)

The power of email marketing

Where are all these jobs coming from?

Like our podcast? Get Owen's weekly newsletter.

Want to level-up your analytical skills and investing insights but don’t know where to start? We can help. Join 40,000+ Australian investors on our mailing list today and we’ll send you our favourite podcasts, courses, resources, investment articles and podcasts every week. Delivered to your inbox every Sunday morning. Grab a coffee and let Owen and the team bring you the best investment insights every week.