A good accountant shouldn’t just help you when business is going well. They should help you plan for what happens when it doesn’t.
Book a Gameplan Session → https://foodiecoaches.co/yt-bac
In this episode, Tim Kummerfeld sits down with Timmy Niesler from FC Accounting Co. to talk about what “planning for the worst” actually looks like for hospitality owners.
They cover how the right business structure can protect your personal assets, why trusts need to be understood properly, and why owners should be planning for GST, PAYG and super before those bills arrive.
They also break down why paying yourself properly and putting tax aside weekly can expose problems early, before a cash flow issue turns into a much bigger one.
The point is simple: build the business so you’re protected if things go wrong, not just comfortable while things are going right.
Book a Gameplan Session → https://foodiecoaches.co/yt-bac
00:00 Intro 00:44 The Role of Accountants in Hospitality 03:09 Business Structures and Asset Protection 04:15 Common Accounting Issues and Education Gaps 05:37 Trusts, Wages, and Superannuation Planning
Follow along: Foodie Coaches https://www.instagram.com/foodie_coaches/ Tim Kummerfeld: https://www.instagram.com/tim.kummerfeld/
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