My Accounting Advantage

Your Biggest Business Problem Isn’t Your Structure. It’s Your Calendar.

Ask Mai & Send Feedback [https://www.buzzsprout.com/2602582/fan_mail/new] In this episode, Mai and Lee explore why so many business owners feel overwhelmed as their business grows, even when everything appears successful on the outside. The issue isn’t always structure, staffing, or systems. It’s how time is being managed day‑to‑day. Mai shares her own experience of reaching a point where growth no longer felt exciting, but instead felt heavy, reactive, and difficult to sustain. To address this, Mai introduces us to the DRIP framework: Delegate, Replace, Invest, and Produce. It’s a practical approach to help business owners regain control of their time, reduce bottlenecks, and build a business that can scale without relying entirely on them. Using real examples from her own business, Mai explains how small shifts, like auditing where your time goes, removing low‑value tasks, and structuring your calendar intentionally, can significantly increase capacity, productivity, and profitability. In this episode, Mai talks about: * The importance of completing a time and energy audit * How to identify and delegate low‑value tasks * Understanding your “buyback rate” and where your time is being misused * The replacement ladder and how to move from admin into leadership * Why most business owners are stuck working in the business instead of leading it * The role of investing in yourself to grow as a business owner * How simple systems and structured calendars create consistency across a team * Why a business that depends on you isn’t truly scalable This episode is a reminder that scaling a business isn’t about doing more, it’s about doing the right work at the right level. When you take control of your calendar, you create the capacity to lead, think strategically, and grow your business in a sustainable way. If you’d like a copy of Mai’s Replacement Ladder template, DM the word Ladder on Instagram at @the_maiharris. You can also submit questions or topic ideas via the Ask Mai link at the top of the show notes. Learn more about My Accounting Advantage [https://myaccountingadvantage.com.au/] Disclaimer The advice contained in this presentation is general in nature only and should not be acted on without first seeking professional advice. Your personal circumstances have not been taken into account, and you should consider the appropriateness of the advice to your individual needs.

The Super Strategy Most People Miss

Ask Mai & Send Feedback [https://www.buzzsprout.com/2602582/fan_mail/new] As the end of the financial year approaches, superannuation remains one of the most powerful, and most commonly missed, tax planning strategies available. In this episode of the My Accounting Advantage podcast, Mai explains how the right superannuation strategies, implemented before 30 June, can materially reduce tax while supporting long‑term wealth creation.  She breaks down the difference between concessional and non‑concessional contributions, how salary sacrifice and top‑ups can be used strategically, and why tax savings should be viewed as a return on investment rather than a compliance outcome.  Mai also discusses when a self‑managed super fund may be appropriate, the responsibility and compliance involved, and why control over investment choices is often a key driver for business owners and investors. A key focus of the episode is the importance of tax planning before year‑end, including reviewing projected taxable income and identifying unused concessional contribution caps from prior years, a strategy that can unlock significant tax savings when cash flow allows. In this episode, Mai covers: * Why superannuation is one of the most underutilised tax planning tools * The difference between concessional and non‑concessional contributions * How salary sacrifice and member top‑ups reduce taxable income * When a self‑managed super fund may, or may not, be appropriate * The real cost and responsibility of running an SMSF * How carried‑forward concessional caps work * Why tax planning must occur before 30 June * The difference between tax processing and true advisory support Decisions made at EOFY without proper advice can’t always be undone. Taking the time to assess your position, understand your available strategies, and plan ahead can make a lasting difference, not only to your tax bill, but to your long‑term financial outcomes. Mai has created an information pack to help understand super contributions and EOFY strategies. To get your copy: * Visit myaccountingadvantage.com.au * DM “Super” on Instagram @the_maiharris Learn more about My Accounting Advantage [https://myaccountingadvantage.com.au/] Disclaimer The advice contained in this presentation is general in nature only and should not be acted on without first seeking professional advice. Your personal circumstances have not been taken into account, and you should consider the appropriateness of the advice to your individual needs.

A $17,500 Tax Win In 90 Minutes

Ask Mai & Send Feedback [https://www.buzzsprout.com/2602582/fan_mail/new] What happens when a long-term business owner walks in feeling exhausted, overwhelmed, and ready to shut everything down? In this episode of the My Accounting Advantage podcast, Mai Harris takes us behind the scenes of a powerful real‑life case study that highlights the impact of seeking the right advice at the right time. What began as a conversation about exiting a business became an opportunity to reduce tax, protect wealth, and rebuild confidence, saving a client $17,500 in tax in just 90 minutes, and restoring much‑needed clarity and calm. In one focused meeting, a business owner considering an exit discovered that with the right sequencing and thoughtful planning, she could exit calmly, protect what she had worked decades to build, and make decisions that supported her long‑term financial goals, rather than reacting under pressure. Mai walks through how the business exit was carefully structured, how costly mistakes were avoided, and how strategic use of small business CGT concessions and superannuation contributions transformed what felt like a failure into a well‑planned, tax‑effective transition. In this episode, Mai covers: * The often‑unseen emotional toll of running a business when things aren’t going well * How and when to exit a business without rushing costly decisions * Why timing and sequencing matter when closing a business * The CGT exemptions available to eligible business owners * How superannuation contributions (including carried‑forward caps) can significantly reduce tax * Why acting without advice can cost hundreds of thousands of dollars How the right plan can not only protect your wealth, but help you build toward your long‑term financial goals Before making any big financial moves, business or otherwise, pause and speak to an advisor who understands your bigger picture and how it will work together. What feels urgent today may look very different with the right strategy in place. Mai has created a practical checklist to help you make informed decisions before acting. To get your copy: * Visit myaccountingadvantage.com.au * DM “Checklist” on Instagram @the_maiharris Learn more about My Accounting Advantage [https://myaccountingadvantage.com.au/] Disclaimer The advice contained in this presentation is general in nature only and should not be acted on without first seeking professional advice. Your personal circumstances have not been taken into account, and you should consider the appropriateness of the advice to your individual needs.

Most Investment Mistakes Are Sequencing Failures

Ask Mai & Send Feedback [https://www.buzzsprout.com/2602582/fan_mail/new] In this episode, Mai and Lee explore why so many investment mistakes aren’t caused by bad opportunities, but by doing things in the wrong order. From property purchases to business decisions, excitement often takes over before the right groundwork is done. Mai introduces her SRS decision‑making framework: Structure, Risk, and Sequencing. It is a practical way to slow down, remove emotion, and make investment decisions that actually support long‑term goals. The discussion highlights how people often commit to major investments before understanding ownership structures, cash‑flow impact, or long‑term consequences. Using real‑world examples, including property purchases, family trusts, SMSFs, land tax traps, and stamp duty mistakes, this episode shows why pausing and planning first can save significant stress, money, and regret later on. In this episode, Mai talks about: * Why most investment mistakes are really sequencing failures * The SRS framework: Structure, Risk, and Sequencing * Why structure should always be decided before buying an investment * Common risks people overlook, including land tax and gearing implications * How emotion and excitement can derail rational decision‑making * SMSF and trust limitations many investors only discover too late * Why aligning investments with lifestyle and cash flow matters more than hype This episode is a reminder to slow down, ask better questions, and make decisions in the right order. With the right framework, investment decisions become clearer, calmer, and far more effective. If you’d like a copy of Mai’s SRS framework, DM the word SRS on Instagram at @the_maiharris. You can also submit questions or topic ideas via the Ask Mai linked at the top of the show notes. Learn more about My Accounting Advantage [https://myaccountingadvantage.com.au/] Disclaimer The advice contained in this presentation is general in nature only and should not be acted on without first seeking professional advice. Your personal circumstances have not been taken into account, and you should consider the appropriateness of the advice to your individual needs.

What If Investing First Gets You Debt-Free Sooner

Ask Mai & Send Feedback [https://www.buzzsprout.com/2602582/fan_mail/new] In this episode, Lee and Mai unpack a big mindset shift for business owners and individuals alike: why paying down your home loan isn’t always the best return on investment (ROI). They explore how ROI applies to everyday financial decisions — from mortgages and offset accounts to superannuation and long‑term wealth strategies — and challenge the common belief that throwing every spare dollar at your home loan is always the smartest move. The conversation also dives into self‑managed super funds (SMSFs), family pooling strategies, and how super can be used not just for retirement — but as a powerful wealth‑building and debt‑elimination tool. In this episode, Mai talks about: * What return on investment really means in everyday financial decisions * Why paying down your mortgage or offsetting interest can cap your returns * How tax savings should be viewed as part of your ROI * Why superannuation is one of the most tax‑effective investment vehicles available * How concessional super contributions can outperform mortgage repayments * The difference between accumulation and pension phase in super * How SMSFs can invest in property and generate tax‑free income after age 60 * Common traps to avoid when selling assets inside super If you’ve ever wondered whether you’re parking your money in the right place, this episode will change the way you think about cash, tax, and long‑term planning. Learn more about My Accounting Advantage [https://myaccountingadvantage.com.au/] Disclaimer The advice contained in this presentation is general in nature only and should not be acted on without first seeking professional advice. Your personal circumstances have not been taken into account, and you should consider the appropriateness of the advice to your individual needs.