The Bucketlist Accountant helps you bridge the gap between financial security and chasing epic dreams. Join David Patterson, a certified financial expert passionate about living life to the fullest, as he cracks the code on managing your money for your present and future.
David is an accountant with a difference. He combines the concept of bucket lists for your personal and professional life. For small business owners in particular, he examines the business and how it impacts you and your family.
David Patterson is the Bucket List Accountant: https://www.bucketlistaccountant.com.au/
Produced by Podcasts Done For You: https://www.commtogether.com.au/podcasts-done-for-you/
The Budget Impact: Navigating Uncertainty and Restoring Confidence
The recent budget has sent shockwaves through the small business community, not just because of the numbers, but because of the way it was delivered. After years of relative consistency, business owners and investors were hit with significant changes to trusts, capital gains, and negative gearing with almost no warning. This lack of transparency has led many to question whether the risk of running a business is still worth the reward.
In this episode, I explore the psychological and financial fallout of these sudden shifts. We look at why the erosion of confidence is the biggest threat to the economy and how business owners can regain their footing. It is a conversation about staying calm in the face of uncertainty and finding the opportunities that still exist within a changing playing field.
Whether you are feeling the pinch of new superannuation rules or worrying about the future of your family trust, this discussion provides a roadmap for navigating the next two years. We break down why mindset is just as important as the balance sheet when the government decides to change the rules overnight.
What You Will Learn:
• Why was the secrecy surrounding this budget so unusual compared to previous years?
• How do sudden changes to trust taxation impact long-term wealth creation strategies?
• What is the best way to handle the anxiety of potential future rule changes?
• Why is cashflow monitoring becoming even more critical for small businesses right now?
• How can you determine if it is time to bring your business sale forward?
• Why does loving your business make you more resilient to legislative shifts?
Key Takeaways:
• Avoid knee-jerk reactions: We have a window of time before many changes take effect, so use it to analyse rather than panic.
• Confidence erosion: The way the budget was handled has made business owners question the long-term stability of the rules.
• Focus on core strengths: A profitable and cashflow-positive business can be adapted to almost any tax environment.
• Strategic timing: The new rules might provide a prompt for those near retirement to consider selling sooner rather than later.
• Mindset matters: Maintaining enthusiasm for growth is difficult but essential for navigating economic ups and downs.
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#SmallBusinessAustralia #AusBudget #TaxStrategy #BusinessConfidence #BucketListAccountant #FinancialPlanning
#EntrepreneurMindset #WealthCreation
Contact details:
David Patterson on LinkedIn (https://www.linkedin.com/in/bucketlistaccountant/)
The Bucketlist Accountant (https://www.bucketlistaccountant.com.au/): Because financial freedom shouldn't mean sacrificing your wildest dreams.
Subscribe now and get ready to take control of your money and your life!
Co-host: Anthony Perl
Produced by: 'Podcasts Done for You (https://podcastsdoneforyou.com.au/)'
9 Jun 2026
Tax Time: Why Spending to Save Tax is a Trap
As the end of the financial year approaches, the pressure to spend money for the sake of tax deductions can be
overwhelming. We are bombarded with advertisements promising massive savings if we buy now, but does spending a
dollar to save forty cents actually make sense for your bottom line? In this episode, I break down why the traditional
approach to tax time might be costing you more than you realise.
We explore the difference between spending for the sake of it and making strategic investments that move your business
forward. From the traps of luxury car purchases to the benefits of investing in your team, this conversation is about shifting
your mindset from tax-driven to growth-driven. It is about making sure that every dollar you spend is a step toward your
bucket list goals, not just a way to lower a tax bill.
What You Will Learn:
• Why spending money solely to save tax is often a losing financial strategy
• How to use the June 30 deadline as an impetus for genuine business growth
• What are the common pitfalls of luxury vehicle purchases at tax time
• Why bringing forward planned investments can give you a three month head start
• How to avoid making rash decisions on the 28th of June that you will later regret
• Why team culture investments can be the best use of your end of year budget
Notable Quotes:
• A hundred dollars spent to save thirty-five to forty dollars in tax has never made a lot of sense to me.
• The tax deduction becomes a bonus, an added benefit of doing what you have just done.
• Don't make a decision for a tax deduction, make it to improve your business.
• If you have done the planning, you are less likely to fall prey to the marketing.
Key Takeaways:
• Strategy should always come before tax considerations when making business purchases.
• Use end of year sales to buy items you were already planning to purchase later in the year.
• Be aware of the limits on car deductions to avoid unexpected tax bills.
• Investing in a business coach or team morale can have a higher ROI than physical equipment.
• Effective tax planning is a twelve month process, not a last minute rush in June.
For more tools to help you align your business with your life goals, download our episode workbook at
bucketlistaccountant.com.au or via the link in these show notes.
TaxTime
Contact details:
David Patterson on LinkedIn (https://www.linkedin.com/in/bucketlistaccountant/)
The Bucketlist Accountant (https://www.bucketlistaccountant.com.au/): Because financial freedom shouldn't mean sacrificing your wildest dreams.
Subscribe now and get ready to take control of your money and your life!
Co-host: Anthony Perl
Produced by: 'Podcasts Done for You (https://podcastsdoneforyou.com.au/)'
#SmallBusinessGrowth #BucketListAccountant #FinancialStrategy #BusinessPlanning #TaxDeductions #EntrepreneurLife
#WealthCreation
26 May 2026
The Power of Trusted Advisors and Coaching
Why do so many business owners feel they have to carry the weight of the world on their own? There is a common
misconception that asking for help is a sign of weakness, yet in the world of professional sport, the highest performers would
never dream of working without a coach. This episode explores the transformative power of surrounding yourself with trusted
advisors who see the forest when you are stuck among the trees.
I share my personal realisation that being an accountant is about far more than just tax and numbers. It is about becoming a
trusted advisor who understands your deepest personal goals and helps you build a business that actually delivers them. We
unpack how to move from a generalist mindset to building an arsenal of experts who can help you tick off every item on your
bucket list.
What You Will Learn:
• Why the pride of doing it all yourself is holding your business back
• How a coach or mentor provides the perspective needed to escape the day to day grind
• What it means to move from a tax agent relationship to a trusted advisor partnership
• Why your bucket list should be the primary driver of your business strategy
• How to build a network of experts that covers everything from health to travel
• What to look for when interviewing a potential business coach or mentor
Notable Quotes:
• It is less about asking for help and it is more about getting guidance.
• You cannot be good at all those areas, so do not be afraid to reach out in the areas that are not your area of expertise.
• The bucket list is nothing without you being able to actually achieve the bucket list.
• Sometimes the vibe is just not there, and it is okay to change who you are dealing with to stay aligned.
Key Takeaways:
• Professional athletes use coaches to maximise their potential, and business owners should do the same.
• A trusted advisor brings a wealth of experience from different industries that you can adapt to your own business.
• Your personal goals and bucket list must be linked to your business budget and planning.
• Building a circle of trusted experts makes achieving large goals, like a three month trip to Europe, much more
manageable.
• It is essential to review your professional relationships regularly to ensure they still serve your evolving needs.
For more resources on aligning your business with your life goals, download our episode workbook at
bucketlistaccountant.com.au or via the link in these show notes.
bucketlist
#businesscoaching #trustedadvisor #accountant #mentorship #businessgrowth #lifestyleplanning #entrepreneurship
Contact details:
David Patterson on LinkedIn (https://www.linkedin.com/in/bucketlistaccountant/)
The Bucketlist Accountant (https://www.bucketlistaccountant.com.au/): Because financial freedom shouldn't mean sacrificing your wildest dreams.
Subscribe now and get ready to take control of your money and your life!
Co-host: Anthony Perl
Produced by: 'Podcasts Done for You (https://podcastsdoneforyou.com.au/)'
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