What’s worse: finding rat poo in your Weet-Bix, or realising your business structure could cost you everything?

In this week’s episode, Nic is joined by Dan and Tim from the Two Drunk Accountants for a conversation that’s equal parts hilarious and eye-opening. Things kick off with their now-infamous “Ratgate” saga, where an office pest problem turned into a comedy of suspicious Weet-Bix, targeted droppings, and a reminder that ignoring warning signs never ends well.

From there, the chat turns to something every tradie needs to get right: how your business is set up. Most people start as sole traders because it feels quick and easy: grab an ABN, do the work, get paid. But Dan and Tim explain why staying in that lane too long can leave you wide open. Asset protection becomes a serious concern, tax bills creep higher than they should, and making the switch later can be messy and costly, especially for builders who need homeowner warranties.

Partnerships don’t get much love either, with the accountants pointing out that the risks usually outweigh the benefits. On the flip side, companies can be a game-changer. Not only do they create a separate legal entity that protects your hard-earned assets, they also offer more control when it comes to tax planning (and yes, the boys even make franking credits sound “sexy”).

They also talk about what actually happens when your partner joins the business or what to expect if things go wrong. Dan and Tim keep it honest, reminding listeners that while you don’t need to have all the answers from day one, forward planning and paying for solid advice is always cheaper than fixing a disaster later.

If you’re running a trade business and want to avoid those costly mistakes that creep up when you least expect them, this episode is worth a listen. You’ll laugh, you’ll learn, and you might just rethink how your business is structured.

Find Dan & Tim from Two Drunk Accountants here:
Website | Facebook | Instagram