Every business owner needs to become fluent in financial literacy. If not enough attention is dedicated to this area, it can lead to an avoidable business downturn.
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Good news for everyone looking to grow their superannuation balance. The ATO has announced that from 1 July 2021 the transfer balance cap (TBC) will be indexed from $1.6m to $1.7m.
The Australian family business doesn’t just mean the café down the road. Spanning nearly every industry and size, the nimble nature of family businesses has meant that many have thrived during COVID – some even more so than their more corporatised competitors.
In the current environment, the values of family businesses are being tested. Your people are like family. 1.4 million family businesses in Australia, employing more than 50% of the entire workforce, are trying to hold on to their staff and maintain their family unit that is their business.
It is clear from our 2017 survey of Australian Family Businesses that a significant number of family businesses see increased gender diversity in leadership as important.