A $50k loan to buy a cafe, in business with friends, when to pay yourself more & tax on offshoring explained [Q&A]

Question and answer sessions are BACK! In this episode of The Australian Business Podcast, your co-hosts Owen Rask, Jordan Kidis and Danil Goloubev discuss the best practice for having a business with a friend, how and when to pay yourself, tax on offshoring jobs and how the Government's recent tax boost works. WATCH the video version: https://www.youtube.com/watch?v=aZEByZnyQdc GET IN TOUCH (below) Rask Events Roadshow: https://www.rask.com.au/road Ask a question: https://bit.ly/3QtiY00 Grey Space website: http://bit.ly/3DG5lWS Free business course: https://bit.ly/rask-biz-course Owen Rask's business coaching: https://bit.ly/coach-owen This Australian Business Podcast Episode is for founders, business owners and investors in private companies. Join 2,300+ students in our free business course! If you liked this episode, don’t forget to consider taking our free business course and tuning into the Australian Business Podcast episode one, in which I shared my journey. Love the Australian Business Podcast? Let me know about it by leaving a review on Apple or Spotify.  If you want to help me out with the course, right now the best thing you can do is subscribe and review this podcast in Apple or Spotify. Please use the “Ask a question” menu link on the Rask websites, or leave your questions in the Apple Reviews. ✅ Grey Space Advisory – accounting today for a smarter tomorrow 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 set-up, ATO obligations and reporting, business insurance and provide some advice on how to manage all of this — for just $99! Book a $99 business health check with the Grey Space Advisory team and tell them Owen sent you. ☕️ Rumble Coffee Roasters — our OG sponsor & coffee genius! 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. Tell them Rask sent you.  *** The information on this website and in our podcasts is general financial and tax information 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. If you don’t know what your needs are, you should consult a trusted and licensed financial adviser or tax agent. Learn more about your ad choices. Visit megaphone.fm/adchoices