In this episode, we break down everything you need to know about Australia's instant asset write-off. Discover how it works, which assets qualify, and why it’s a must-know for small business owners. Whether you're purchasing tools, vehicles, or equipment, this initiative can save you thousands. We also cover common misconceptions and tips to avoid missing out.

Stay tuned till the end for expert advice on timing your purchases for maximum tax savings.

Watch the video version of this podcast at https://youtu.be/IL4CYgR12Yw

Discussion Points:

00:00 Second part: $20,000 instant asset write-off discussion.

06:14 What is the most common asset?

08:01 Temporary equipment budget changes annually until 2025.

10:54 Selling a written-off car incurs taxable profit.

13:46 Early tax deduction through financed asset acquisition.

17:19 Seek advice on timing for asset write-offs.

Resources:

• Visit Retinue’s website at www.retinue.com.com.au
• Get in touch with David at david.rosenthal@retinue.com.au

Welcome back to The Site Shed Podcast! If you're in the trades and wondering how to integrate AI into your business, Tradie Hub has you covered. Discover innovative ways to reduce labour costs, increase efficiency, and leverage AI for growth. Check out Tradie Hub at tradiehub.net and see how they’re transforming the trade industry with cutting-edge AI solutions!

Enjoyed the podcast? Take your trade business to the next level by incorporating AI! Don’t get left behind—explore Tradie Hub at tradiehub.net. Discover game-changing AI solutions designed to boost efficiency and growth for trade businesses worldwide. Check it out today!

Check this out:

• Guarantee 30 Qualified Project Quotes Over The Next 90 Days! Learn more here: https://tradie.wiki/pod
• Learn more about the CRM that DOES IT ALL for your trade business! Just click on this link: https://tradiehub.net
• Join a global community of 6000+ trade professionals https://www.facebook.com/groups/TheSiteShed

Connect with me on LinkedIn. For more podcast episodes, you can also visit our website.

Thank you for tuning in!

If you enjoyed this podcast and this series, please take 5 to leave us a review:

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Choosing the right trade-based business structure is crucial for every Aussie trades person aiming to succeed in 2025. In this episode, we cover the ins and outs of starting as a sole trader, partnership, PTY LTD company, or trust. Learn how each structure affects taxes, liability, and the ease of expanding your business. If you're considering starting or restructuring your trade-based business, this guide will equip you with the knowledge to protect your assets and grow your venture effectively.

Watch the video version of this podcast at https://youtu.be/8CDuj469fMY

Discussion Points:

00:00 Simplify content for universal understanding and communication.

05:58 Easy entry, tax advantages, but unlimited liability.

07:05 Start with unlimited liability; consider partnership later.

12:10 Start honest talks early to avoid conflicts.

13:34 Friends in business risk ruined friendships.

18:20 Understand taxing implications of company withdrawals.

20:14 Transitioning to new ABN requires extensive administrative work.

25:42 Loss treatment differs for business structures.

28:39 Trust benefits adult beneficiaries with low taxes.

31:41 Confusing tax savings with cash savings explained.

33:53 Consider restructuring after 130,000 profit threshold.

37:07 Separate entities protect assets through strategic division.

39:22 Understand write-offs to avoid being scammed.

Resources:

• Visit Retinue’s website at www.retinue.com.com.au
• Get in touch with David at david.rosenthal@retinue.com.au

Welcome back to The Site Shed Podcast! If you're in the trades and wondering how to integrate AI into your business, Tradie Hub has you covered. Discover innovative ways to reduce labour costs, increase efficiency, and leverage AI for growth. Check out Tradie Hub at tradiehub.net and see how they’re transforming the trade industry with cutting-edge AI solutions!

Don't let your business fall behind—explore the power of AI with Tradie Hub. Visit tradiehub.net to see the innovative AI tools crafted just for tradies. Discover how you can stay ahead and transform your business with cutting-edge technology!

Enjoyed the podcast? Take your trade business to the next level by incorporating AI! Don’t get left behind—explore Tradie Hub at tradiehub.net. Discover game-changing AI solutions designed to boost efficiency and growth for trade businesses worldwide. Check it out today!

Check this out:

• Guarantee 30 Qualified Project Quotes Over The Next 90 Days! Learn more here: https://tradie.wiki/pod
• Learn more about the CRM that DOES IT ALL for your trade business! Just click on this link: https://tradiehub.net
• Join a global community of 6000+ trade professionals https://www.facebook.com/groups/TheSiteShed

Connect with me on LinkedIn. For more podcast episodes, you can also visit our website.

Thank you for tuning in!

If you enjoyed this podcast and this series, please take 5 to leave us a review:

• Google
• Facebook
• Podcast

Building a successful trade business isn’t easy, but with the right team, passion, and a willingness to learn, you can achieve incredible results! In this episode, James Rolfe, co-CEO of MR Roads, shares his journey from a one-man operation to leading a 45-person team in the competitive asphalt and road construction industry. Learn how they tackled challenges, structured their team, and developed a supportive, winning culture.

This is a must-watch for inspiration and practical insights!

Watch the video version of this podcast at https://youtu.be/9WS5wYtisWs

Discussion Points:

00:00 – Introduction to James Rolfe
00:07 – James' journey to starting MR Roads
01:50 – Merging companies and rebranding
03:30 – Moving from residential to government projects
07:20 – Building a sustainable work culture
12:45 – Challenges in recruiting and retaining skilled staff
18:00 – Training programs for new team members
24:40 – Managing scale and responsibilities
27:15 – Tips for business owners balancing work and family

Resources:

• Visit MR Roads’ Website at https://mr-roads.com.au/
• Get Social: https://www.instagram.com/mr.roadsau/
• https://www.facebook.com/mikus.rolph.mrroads/
• https://www.linkedin.com/company/mr-roads/
• Stay in touch with James at JRolph@mr-roads.com.au
  
  

Welcome back to The Site Shed Podcast! If you're in the trades and wondering how to integrate AI into your business, Tradie Hub has you covered. Discover innovative ways to reduce labour costs, increase efficiency, and leverage AI for growth. Check out Tradie Hub at tradiehub.net and see how they’re transforming the trade industry with cutting-edge AI solutions!

Don't let your business fall behind—explore the power of AI with Tradie Hub. Visit tradiehub.net to see the innovative AI tools crafted just for tradies. Discover how you can stay ahead and transform your business with cutting-edge technology!

Enjoyed the podcast? Take your trade business to the next level by incorporating AI! Don’t get left behind—explore Tradie Hub at tradiehub.net. Discover game-changing AI solutions designed to boost efficiency and growth for trade businesses worldwide. Check it out today!

Check this out:

• Guarantee 30 Qualified Project Quotes Over The Next 90 Days! Learn more here: https://tradie.wiki/pod
• Learn more about the CRM that DOES IT ALL for your trade business! Just click on this link: https://tradiehub.net
• Join a global community of 6000+ trade professionals https://www.facebook.com/groups/TheSiteShed

Connect with me on LinkedIn. For more podcast episodes, you can also visit our website.

Thank you for tuning in!

If you enjoyed this podcast and this series, please take 5 to leave us a review:

• Google
• Facebook
• Podcast