Australians waste $1.9 billion a year on gift cards they never use, and there's a whole business model built around hoping you don't show up. If your business sells gift cards, there's a good chance the accounting is wrong. It's one of the most common mistakes Jase sees with his clients, and this episode gets into how the accounting should actually work so you're not paying tax before you need to.

On this episode, we discuss:

(00:00) Intro
(00:24) How Endota Spa's Gift Card Numbers Went Viral
(03:43) $1.9 Billion in Unused Gift Cards Per Year in Australia
(05:23) How Gift Cards Became 40% of Endota Spa's Revenue
(05:59) How Endota Earns $13.5M From Gift Cards No One Uses
(07:07) Why Gift Card Sales Aren't Revenue on Your Books
(08:52) The 3-Year ACCC Expiry and When to Recognise Revenue
(10:50) What the Endota Sale Means for the Incoming Buyer
(12:46) Swap Platforms That Turn Unused Gift Cards Into Cash
(14:58) Gifta and How to Make Sure Gift Cards Actually Get Used
(19:27) Why Gift Cards in Your Digital Wallet Actually Get Used
(21:23) Employee Gift Cards and Fringe Benefits Tax
(23:01) Game Over

Check out the free resources from Inovayt here.

Send us an email: hello@thenumbersgamepodcast.com.au

The Numbers Game is brought to you by Future Advisory & Inovayt.

Hosts:
Nick Reilly
Jason Robinson

This podcast is produced by VIDPOD.

Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Over 9,000 Australian jobs have gone to AI this year and we're now second in the world for tech displacement. Nick reckons you don't need to be a tech expert to stay relevant. Your existing skills transfer to roles AI can't replace, you just need to know which ones and where. He's put together a 6-step playbook that walks you through assessing your own exposure, identifying what transfers, and making a move before your employer makes one for you.

On this episode, we discuss:

(00:00) Intro
(00:19) AI Is Here and Jobs Are Changing in Australia
(05:18) WiseTech, Telstra, Atlassian and 9,238 AI Job Losses
(06:16) 1.3 Million Australians Changing Roles by 2030
(07:48) Why a Telemarketer Could Become an Account Manager
(11:02) Which Jobs AI Can and Can't Do: 0.3% to 80%
(13:06) How an Accounting Firm Is Rolling Out AI to Its Team
(15:24) $10 Million Revenue with 30 Staff Instead of 50
(16:26) Why AI-Forward Companies Create More Opportunity
(18:48) Capacity Is Why Clients Leave Their Accountant
(21:01) Nick's 6-Step Playbook for Protecting Your Career
(24:18) Don't Wait for Your Employer to Act
(25:28) The Flywheel Effect When Teams Share AI Wins

Check out the free resources from Inovayt here.

Send us an email: hello@thenumbersgamepodcast.com.au

The Numbers Game is brought to you by Future Advisory & Inovayt.

Hosts:
Nick Reilly
Jason Robinson

This podcast is produced by VIDPOD.

Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Victoria's $199 billion in debt, and if you're running a small business in this state, you're the one wearing it. Taxes keep climbing, businesses are going under at record rates, and the COVID levy that was sold as temporary isn't going anywhere. Jase has done the numbers on where the money went and what it means for Victorian business owners heading into end of financial year.

On this episode, we discuss:

(00:00) Intro
(00:43) Victoria's $199 Billion State Debt
(02:40) $1 Million a Day for 55 Years to Reach $199 Billion
(03:53) What $199 Billion Could Have Built for Victoria
(06:25) $43 Billion in Tax and Most of It Goes to Interest
(07:23) How the Debt Hits Small Business Through Extra Taxes
(09:09) Is Government Debt Really Good Debt
(10:56) Real Margins at $1M, $5M and $10M Turnover
(14:35) Victorian Insolvencies Up 48% and Projected to Rise 63%
(15:31) Public Sector Staff Up 60% on 29% Population Growth
(17:40) 18% CBD Vacancy and 16,000 People Leaving Victoria
(19:21) How to Work Out What You'll Owe Victoria This Year
(21:24) Review Your Business Structure Before 30 June
(22:50) Director Penalty Notices and When to Get Help

Check out the free resources from Inovayt here.

Send us an email: hello@thenumbersgamepodcast.com.au

The Numbers Game is brought to you by Future Advisory & Inovayt.

Hosts:
Nick Reilly
Jason Robinson

This podcast is produced by VIDPOD.

Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.