In a measure designed to help first time home buyers to save a deposit more quickly, the Government will increase the maximum releasable amount of voluntary concessional (deductible) and non-concessional (after-tax) contributions under the existing First Home Super Saver Scheme (FHSSS) from $30,000 to $50,000.
Stuart Robert, as the new Minister for Employment, Workforce, Skills, Small and Family Business, now is your time to make change.
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.
There is more good news for everyone looking to grow their superannuation balance. In addition to the general transfer balance cap increasing from $1.6 million to $1.7 million, the concessional and non-concessional contribution caps are also set to increase from 1 July 2021.
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.