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VIDEO SERIES:

ACCOUNTING ESSENTIALS FOR BUSINESS OWNERS

Embark on a journey of financial empowerment with our comprehensive video series, “Accounting Essentials for Business Owners.” Designed to equip those running a business with the knowledge and tools necessary to navigate the complexities of business finance in Australia, each instalment offers priceless insights that extend beyond theoretical knowledge providing practical solutions and strategic interventions that can be implemented immediately.

Whether you’re a seasoned entrepreneur seeking to refine your financial strategies or a budding business owner eager to lay a solid foundation, this series is your ultimate guide to mastering the essentials of accounting and finance. Join us as we embark on this transformative journey, empowering you to make informed financial decisions, safeguard your business’s future, and unlock new avenues of success.

5 Signs You May Face Business Administration

Running a business in Australia can feel like a high-stakes game, especially when staying on top of ATO regulations and managing your finances.

But what happens when the warning lights start flashing on your business dashboard?
In this video, Alex unpacks the top five red flags that every business owner should watch for to avoid falling into administration.

He’ll guide you through understanding these warnings and offer strategic interventions to safeguard your business’s future.

Stay vigilant, stay informed, and remember that early recognition and proactive action are key to maintaining your business’s health!

DIVISION 7A LOANS EXPLAINED

Are you a business owner or shareholder who’s ever wondered about the intricacies of Division 7A loans? Are you confused about how these loans can impact your business’s finances and tax obligations?

Division 7A loans are a complex aspect of business finance, and without proper understanding, your business could face unintended tax consequences, disrupting your cash flow and risking your financial health.

In this video, Sabrina Truong demystifies this topic in simple terms.

She will guide you through what Division 7A loans are, when they apply, and the critical steps to ensure they work for your business, not against it.

CASHFLOW MANAGEMENT STRATEGIES

Are you a business owner who’s felt the pressure of managing finances, especially in today’s unpredictable market?

Have you ever faced sleepless nights worrying about covering payroll or upcoming expenses, even when your sales figures look promising?

Well, the secret to overcoming these challenges lies in mastering cash flow management, and it’s not just about boosting revenue.

In this video, Maks Khan shares a practical, three-step strategy that you, as a business owner, can start implementing today. These steps aren’t just theoretical; they’re actionable and designed to make a real difference.

Whether you’re a seasoned entrepreneur or just starting out, this video is packed with insights that can transform how you handle your business finances!

XERO TO HERO

So you’ve invested in Xero to manage your businesses finances… BUT are you using it to its full potential?

In this video, Jennifer will demonstrate a step-by-step walkthrough of Xero’s key features to help streamline your Profit & Loss, financial statements, payroll and more.

Whether you’re a beginner or a seasoned Xero user, following these essential Xero tips will help ensure you’re getting the most out of the accounting software.

Make sure to watch until the end to learn the 3 most underutilised Xero functions you should be using on your dashboard!

HOW SHOULD YOU STRUCTURE YOUR BUSINESS?

Are you aware that ONE decision could make or break your business’ future?
It’s not your product, marketing, or even your team.

It’s about your BUSINESS STRUCTURE.

But how do you know which business structure is right for you?

In this video, Susan will simplify the complexities of Australian business structures, from the straightforward approach of a sole trader to the intricacies of trusts and holding companies.

And that’s not all; she’ll also introduce you to advanced strategies like hybrid structures, that offer enhanced asset protection, investor engagement, and strategic financial management!

Key Services

Tax Compliance

You probably didn’t go into business to learn more about tax compliance, so why waste precious time and energy on it? Get strategies and systems in place to effectively manage your tax and make the most of any benefits available.

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Outsourced CFO

Making consistent, smart financial decisions has a huge impact on the growth of your business. Take the weight off your shoulders with expert financial advice, delivered at a fraction of the cost of a full-time CFO.

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Tax & Business Advice

Take your business to the next level, faster than you ever thought possible with our expertly tailored business and tax advice.

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Tax Structures

Having the right business structure at the right time could put thousands of dollars in your back pocket. Get simple, smart advice from the experts that look for opportunities where others don’t.

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Self Managed Super Funds

Does a self-managed super fund that requires little effort and zero fuss sound too good to be true? With our trusted team of experts, it’s our clients’ reality! Make it yours too.

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BUSINESS GROWTH WITHOUT THE GROWING PAINS

Looking for comprehensive
financial support for your business?

Leverage our talented team of experts today

Aijo Ong

Business Services Accountant

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How did you end up at Equil Advisory?
After graduating from university and gaining a few years of experience in accounting, I developed a strong passion for understanding how businesses operate and what drives their success. When I heard about Equil’s Outsourced CFO function and the value this service provides to clients, I was immediately drawn to the opportunity and jumped at the chance to develop my skills in this area while working more closely with business owners and building strong relationships with them.

When did you start at Equil Advisory?
18 November 2024.

What do you do at Equil Advisory?
At Equil, everyone does a bit of both Tax Compliance and Outsourced CFO work, gaining a well-rounded understanding of accounting and tax while helping business owners manage their finances and solve problems on a daily basis.

What do you do when you aren’t at work?
I enjoy listening to music and podcasts, reading books, going to the gym, hanging out with friends, and learning new things.

What is something not everybody knows about you?
Both of my parents are software engineers, and my sister is studying computer science, so I’m the odd one out in the family.

If you had to apply for a reality TV show what would it be?
None, because I hate reality TV.

What would your last meal be?
Teriyaki chicken with rice.

Cats or Dogs?
Cats.

Patricia Liyady

Business Services Accountant

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How did you end up at Equil Advisory?
Referred by a recruiter.

When did you start at Equil Advisory?
28th October 2024.

What do you do at Equil Advisory?
Outsource CFO work and compliance.

What do you do when you aren’t at work?
Exploring new cafes/bakery, badminton, and pilates.

What is something not everybody knows about you?
I am a big fan of Taylor Swift.

If you had to apply for a reality TV show what would it be?
Definitely the Kardashian, their family drama is legendary.

What would your last meal be?
Fried chicken and waffles.

Cats or Dogs?
DOGS ALL THE WAY.

Kaushy Narayanan

Business Services Accountant

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How did you end up at Equil Adivsory?
I’ve always been drawn to the world of business, and after completing my degree in accounting, I knew I wanted to work somewhere that offer both growth and a supportive culture. After a few years in the corporate world, I was ready for a more dynamic, client focused environment and Equil Advisory stood out as the perfect fit with its collaborative team and innovative approach.

When did you start at Equil Advisory?
September 2024.

What do you do at Equil Advisory?
At Equil Advisory, my role focuses on tax compliance while also providing clients with day-to-day support through our outsourced CFO services, helping them streamline operations and improve business performance.

What do you do when you aren’t at work?
When I’m not at work, I enjoy playing board games or spending time out with my friends and family.

What is something not everybody knows about you?
I really enjoy cooking and I'm actually pretty good at doing makeup.

If you had to apply for a reality TV show what would it be?
Glow up

What would your last meal be?
It would be a Sri Lankan rice and curry spread full of rich flavours, spices, and everything that makes comfort food so satisfying.

Cats or Dogs?
Definitely Dogs..!

Sandra Estephan

Senior Business Services Accountant

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How did you end up at Equil Advisory?
I was on the hunt for a company where I could grow, learn, and work with an awesome team, and Equil Advisory just ticked every box. As soon as I heard about the culture here, I knew it was the perfect fit!

When did you start at Equil Advisory?
Started very recently! It’s been such a whirlwind already, but I’ve loved every moment of diving in and getting to know the team and our clients.

What do you do at Equil Advisory?
I’m part of the amazing crew that helps clients navigate their accounting needs. Whether it’s crunching numbers, strategising for the future, or just making sure everything’s ticking along smoothly, I’m here to keep things organized and efficient. Plus, I’m learning so much along the way!

What do you do when you aren’t at work?
When I’m not at work, I love spending time with my family and catching up with friends, as well as indulging in my foodie adventures. I also like exploring new places—I like to keep life exciting!

What is something not everybody knows about you?
Apart from accounting, I’ve also completed a Bachelor of Medical Science and I’m a professional artist.

If you had to apply for a reality TV show, what would it be?
It would totally have to be *The Amazing Race*! I love the idea of traveling the world, solving challenges, and having those hilarious “what just happened?” moments.

What would your last meal be?
Lasagna. You can’t beat a good carb-loaded feast for a send-off!

Cats or Dogs?
I’m all about dogs! There’s just something about their energy and loyalty that makes them the best companions. But let’s be real, all furry friends are adorable.

Kirtika Gairola

Business Services Accountant

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How did you end up at Equil Adivsory?
I ended up at Equil Advisory because I wanted to explore opportunities in a corporate environment where I could learn from experienced professionals and apply my knowledge from my uni studies. Being in a corporate setting allows me to see how theoretical knowledge translates to real world applications.

When did you start at Equil Advisory?
17th June 2024.

What do you do at Equil Advisory?
At Equil Advisory I focus on preparing individual tax returns. This involves gathering necessary information from clients ensuring compliance with tax regulations. I’m continuously learning new knowledge and skills from the people around me.

What do you do when you aren’t at work?
When I’m not at work I enjoy exploring new interests and activities. I spend time with my family and friends and engage myself with reading and dedicate time with my uni studies.

What is something not everybody knows about you?
I used to play the piano and recorder when I was younger.

If you had to apply for a reality TV show what would it be?
The Amazing Race.

What would your last meal be?
Loaded Nachos.

Cats or Dogs?
Dogs.

Reda Ali

Business Services Accountant

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How did you end up at Equil Advisory?
Through Rose Iskander.

When did you start at Equil Advisory?
18/03/2024.

What do you do at Equil Advisory?
Business Services Accountant.

What do you do when you aren’t at work?
At the gym and at the mosque.

What is something not everybody knows about you?
I’m not as smart as I look.

If you had to apply for a reality TV show what would it be?
The Sopranos.

What would your last meal be?
Goat Biryani.

Cats or dogs?
Horses.

Clare Connell

Practice Manager

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How did you end up at Equil Advisory?
After I travelled to Europe and ran out of all the Money - I knew it was time to get back to work.

When did you start at Equil Advisory?
Around the time I ran out of money during my Europe trip.

What do you do at Equil Advisory?
I’m the Entertainment Warden.

What do you do when you aren’t at work?
Run, walk, chill, drink at THE BAAAAY live love laugh the BAAAAYY.

What is something not everybody knows about you?
Besides the Bay? Accounting is my second passion.

If you had to apply for a reality TV show what would it be?
Byron Baes.

What would your last meal be?
100% a juice cleanse.

Cats or dogs?
Zara.

Clare Connell

Practice Manager

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How did you end up at Equil Advisory?
I originally started working here in 2020 as an Accountant but left to travel and take a break from Accounting. Now, a year later I’ve come back as the Practice Administrator.

When did you start at Equil Advisory?
January 2023.

What do you do at Equil Advisory?
Anything and everything to do with the office and making sure the team is happy and processes are working efficiently.

What do you do when you aren’t at work?
Catch up with friends, go on trips away, play tennis, go to the beach, shop!

What is something not everybody knows about you?
My childhood revolved around dancing and being in theatre plays and musicals.

If you had to apply for a reality TV show what would it be?
I have always wanted to be on The Block.

What would your last meal be?
Sushi.

Cats or dogs?
100% Dogs.

Alex Talia

Assistant Manager

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How did you end up at Equil Advisory?
Having worked in the family business and doing the bookkeeping as a teenager, an accounting degree was the clear next step. My career initially took me to chartered accounting firms and then moving into commercial accounting for more exposure, I knew my move back into an accounting firm had to be the right fit. The supportive team and management at Equil was a clear choice for me.

When did you start at Equil Advisory?
June 2022.

What do you do at Equil Advisory?
A large part of my role is CFO focused, I aim to support our clients through the different stages of the business by implementing strategies and processes to guide them in making the right business decisions.

What do you do when you aren’t at work?
Watch sport and binge tv shows.

What is something not everybody knows about you?
I love fishing and hope to one day in the future be retired and do nothing but fish.

If you had to apply for a reality TV show what would it be?
Big Brother.

What would your last meal be?
A medium rare a5 wagyu tomahawk steak.

Cats or dogs?
Dogs.

Albert Tan

Business Services Accountant

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How did you end up at Equil Advisory?
I was looking for a new place to clear my throat and break the office silence.

When did you start at Equil Advisory?
When I was assured that there would be another Malaysian member of the team.

What do you do at Equil Advisory?
Play hide-and-seek in the bathroom.

What do you do when you aren’t at work?
Go to the gym.

What is something not everybody knows about you?
I don’t know how to pronounce geography properly.

If you had to apply for a reality TV show what would it be?
Survivor.

What would your last meal be?
Macaroni and cheese with milk.

Cats or dogs?
Neither.

Albert Tan

Business Services Accountant

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How did you end up at Equil Advisory?
I have always wanted to be an accountant due to the influence of my family as most of them are accountants. I joined Equil Advisory as it offered me a different opportunity to work on compared to other accounting firms as well as allowing me to develop different skills.

When did you start at Equil Advisory?
28th February 2022.

What do you do at Equil Advisory?
My role at Equil Advisory includes tax compliance work and assisting client in their day-to-day business with EA’s outsourced CFO function.

What do you do when you aren’t at work?
Spending time with my wife, talking to my family or reading light novels.

What is something not everybody knows about you?
Love spicy food even though I can’t handle it at all.

If you had to apply for a reality TV show what would it be?
Voice actor in any cartoon shows.

What would your last meal be?
Roti Telur Bwang.

Cats or dogs?
Love cats and dogs equally.

Sabrina Truong

Business Services Accountant

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How did you end up at Equil Advisory?
I wanted to see how people who eat unhealthy actually live.

When did you start at Equil Advisory?
Just as the second lockdown was about to begin, so I didn’t have to talk to people in person.

What do you do at Equil Advisory?
Eat raw veggies and perfect my American accent.

What do you do when you aren’t at work?
Driving around Sydney for the best fast food places.

What is something not everybody knows about you?
I eat banana bread with chopsticks.

If you had to apply for a reality TV show what would it be?
Man vs Food.

What would your last meal be?
Deep fried chicken and chips with extra chicken salt.

Cats or dogs?
Cats!

Sabrina Truong

Business Services Accountant

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How did you end up at Equil Advisory?
My dad is a bookkeeper, so it was natural for me to choose accounting as a degree. Accounting allows me to help others grow their businesses and achieve their goals, which is something I am passionate about. I joined Equil Advisory because it is not like your typical accounting firm. I also wanted to be part of a team that is supportive and provides the opportunity for me to develop and grow my skills.

When did you start at Equil Advisory?
July 2021.

What do you do at Equil Advisory?
A large part of my role is focused on tax compliance and the other part is dedicated to building client relationships so that I can better help our clients with EA’s outsourced CFO function.

What do you do when you aren’t at work?
You would find me watching Netflix, working out, or hanging out with friends/family.

What is something not everybody knows about you?
I am learning Korean.

If you had to apply for a reality TV show what would it be?
Super Trio Game Master.

What would your last meal be?
Pepperoni Pizza.

Cats or dogs?
Dogs!

Gaurav Shrestha

Senior Business Services Accountant

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How did you end up at Equil Advisory?
Growing up I was exposed to the business environment, so I always wondered about the ins and outs of the business, how it runs and how to be financially sound. This piqued my interest on business studies and further after that into accounting. I wanted to broaden my horizons, knowledge and have a sound work life balance which led me to Equil Advisory.

When did you start at Equil Advisory?
17th December 2021.

What do you do at Equil Advisory?
At Equil Advisory, we are exposed a range of work that include tax compliance, bookkeeping, tax advice, liaising with the clients and outsourced CFO functions. My work is predominately occupied by tax compliance and outsourced CFO function.

What do you do when you aren’t at work?
I’m mostly out with my cousins or friends. Binge watching series or may be hop online to play some games.

What is something not everybody knows about you?
I can speak four different languages and I love gaming.

If you had to apply for a reality TV show what would it be?
The Voice.

What would your last meal be?
Mo Mo.

Cats or dogs?
Dogs.

June Wong

Business Services Senior

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How did you end up at Equil Advisory?
My sister got tired of me working from home and hence decided to join EA.

When did you start at Equil Advisory?
Just as the first lockdown was lifted.

What do you do at Equil Advisory?
Eat Coco Pops and telling people what I am honestly thinking.

What do you do when you aren’t at work?
Planning my next EA Team workout session.

What is something not everybody knows about you?
I am scared to sleep alone.

If you had to apply for a reality TV show what would it be?
Survivor – because I wouldn’t last a day.

What would your last meal be?
I can’t decide between all the YUM-MEE animals of the world.

Cats or dogs?
Porcupine.

June Wong

Business Services Senior

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How did you end up at Equil Advisory?
I realised that a lot of people that work in chartered firms are not the happiest. Thus, I was looking for a place where I am happy to go to work every day. I think I found it at Equil.

When did you start at Equil Advisory?
May 2021.

What do you do at Equil Advisory?
Connecting with clients and providing them with all the support they need so they can be at ease and have confidence that they are well looked after.

What do you do when you aren’t at work?
Watching dramas at home while lying on bed.

What is something not everybody knows about you?
I actually thought of becoming an IT person and did a couple of months of IT degree before realising that I am not tech-savvy at all.

If you had to apply for a reality TV show what would it be?
Amazing Race.

What would your last meal be?
Hotpot with lots of veges, mushrooms and tofu!

Cats or dogs?
Neither.

MAKS KHAN

Director

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How did you end up at Equil Advisory?
Kapil and I were best buddies, so it was a no brainer to start here at EA.

When did you start at Equil Advisory?
Back in the day.

What do you do at Equil Advisory?
Loves to palm off work to Jennifer Harb.

What do you do when you aren’t at work?
Naps on the couch and my nightly sleep walks to bed.

What is something not everybody knows about you?
I love to boogie.

If you had to apply for a reality TV show what would it be?
The Amazing Race.

What would your last meal be?
Pork ribs with a side of bacon.

Cats or dogs?
Can’t choose, won’t choose, Nickelodeon’s CatDog.

MAKS KHAN

Director

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How did you end up at Equil Advisory?
I loved maths and business subjects while in school and thought accounting would help me build on that passion. I joined Equil Advisory to be part of a team that allowed for a hands-on approach with regards to learning and looking after clients. Giving me the right building blocks to a successful career in accounting and business.

When did you start at Equil Advisory?
I have been with Equil Advisory since July 2017.

What do you do at Equil Advisory?
One of my core strengths is, I take my clients’ business personally. Trying to connect with clients and their needs is what helps us service them better whilst putting their minds at ease – whether it be through our Outsourced CFO function, Tax Compliance, Advice & Etc.

What do you do when you aren’t at work?
I love binging on Netflix, but other than that I love my football (soccer), even if it maybe just playing FIFA.

What is something not everybody knows about you?
I really used to be into painting, I could do it for hours. I have now replaced that with photography – I guess this is where all my creativity comes from.

If you had to apply for a reality TV show what would it be?
The Amazing Race.

What would your last meal be?
A decadent chicken parmigiana, with a side of chips and coke.

Cats or dogs?
Dogs.

JENNIFER HARB

Assistant Manager

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How did you end up at Equil Advisory?
I have always been interested in business in general. During the first year of university, I didn’t have a path but as I took more of the core business classes, I came to realise that accounting is the common denominator in all business functions. You can’t tell how well a company is running without understanding the accounting side. Helping people solve their problems and achieve their business goals is a pretty rewarding feeling.

When did you start at Equil Advisory?
I started Equil Advisory in January 2019.

What do you do at Equil Advisory?
Clients want to feel like one that is valued, and timely communication is important to them. I am proactive in replying to emails and returning phone calls. I try to do my work in the most efficient manner, that is helpful to both my colleagues and our clients.

What do you do when you aren’t at work?
Hanging out with my friends, going to the gym and watching my shows.

What is something not everybody knows about you?
I once put electricity on my braces in year 8 thinking nothing would happen.

If you had to apply for a reality TV show what would it be?
I’m a celebrity, get me out of here.

What would your last meal be?
Lemon garlic chicken with a side of spicy chicken wings.

Cats or dogs?
Dogs, even though I have a cat.

CHIMENE GEAITANI

Senior Business Services Accountant

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How did you end up at Equil Advisory?
Wanted to get away from Rob.

When did you start at Equil Advisory?
July 2018.

What do you do at Equil Advisory?
Efficiency.

What do you do when you aren’t at work?
Smoking shisha and thinking how to make my workflow more efficient.

What is something not everybody knows about you?
My feet actually touch the floor when i am seated.

If you had to apply for a reality TV show what would it be?
The Real Housewives of Western Sydney.

What would your last meal be?
Dumplings from the dodgy dumpling place, Maks and Rob love.

Cats or dogs?
Neither, they are not efficient.

CHIMENE GEAITANI

Senior Business Services Accountant

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How did you end up at Equil Advisory?
The intricacy of business and numbers have always been of interest to me. Numbers are what we use to measure success with; they create clarity and commitment and, more importantly, create accountability. Accountability is the key to producing results - which is what I strive for here at Equil Advisory.Here at Equil Advisory, I am part of a energetic and committed team who strive for the best possible results for each and every one of our clients. I enjoy assisting numerous businesses in financial matters, as well monitored and controlled many of their day-to-day operations.

When did you start at Equil Advisory?
July 2018.

What do you do at Equil Advisory?
Working at Equil Advisory exposes us to a range of compliance work; from bookkeeping to financial reports, tax returns and advice. We are lucky to be trained in all scopes of work so that we’re able to satisfy our clients’ needs from start to end.

What do you do when you aren’t at work?
I enjoy my time at home with my little bub.

What is something not everybody knows about you?
I have an OCD on time.

If you had to apply for a reality TV show what would it be?
Big Brother.

What would your last meal be?
Pad Keo Mao from Home Thai.

Cats or dogs?
Neither.

KAPIL MAHASHETTYWAR

Managing Director

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How did you end up at Equil Advisory?
Going to the pub wasn’t a legit career.

When did you start at Equil Advisory?
I got kicked out of too many pubs so I had to find my own space to drink so I started Equil Advisory in May 2017.

What do you do at Equil Advisory?
Get in the way.

What do you do when you aren’t at work?
Hide from my kids in my home office eating all the chocolate.

What is something not everybody knows about you?
I actually have a crown.

If you had to apply for a reality TV show what would it be?
Keeping up with the Kardashians.

What would your last meal be?
Salty Steak that I can send back to the kitchen.

Cats or dogs?
Cats (I am a massive Cat person).

KAPIL MAHASHETTYWAR

Managing Director

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How did you end up at Equil Advisory?
I come from a family of businessmen, so it was only natural for myself to gravitate my career towards business. Accounting allowed me to build upon the necessary skills needed to be a successful a partner but also to assist me in starting my own business, Equil Advisory. Through my experiences in business I have learnt many things and now wish to assist my clients and team to reach their full potential.

When did you start at Equil Advisory?
May 2017, was one of the best decisions on my life to start Equil Advisory as it set the tone of implementing strategies from my past learnings. I wanted to ensure every staff member has enough empowerment and freedom to make their own decisions to run the practice in the right direction.

What do you do at Equil Advisory?
Everything! But love the personal relationships aspect of the job, I love to talk so it is easier for me to pick up the phone and have a chat with anyone.

What do you do when you aren’t at work?
Play with my sons, Memphis and Kiaan and entertain them. Lay on the couch and watch TV.

What is something not everybody knows about you?
I went to a hospitality college in manly and have a bachelors in Tourism and hotel management and I was born in India.

If you had to apply for a reality TV show what would it be?
So you think you can dance.

What would your last meal be?
Keerthi’s chicken curry.

Cats or dogs?
Dogs.