Our latest insights

In recent years Division 7A interest rates have remained low, providing businesses with the opportunity to withdraw funds from their company and diversify their investments.

As we enter the New Financial Year, it should be seen as an opportunity for you to consider family wealth goals in your Family Office for 2024. How can you structure your investments to ensure it is tax effective, assets are protected, and your goals can be achieved?

Inflation can create tough situations for family businesses, with increased costs and pricing dilemmas. It's important for family businesses to have strategies in place to tackle these challenges, allowing them to thrive.

When it comes to family governance, we often recommend introducing a formal family governance structure while the second generation is being transitioned into the business.

In a family business, it is crucial to have a shareholder agreement to ensure there is consensus on key issues, to provide clarity, and to minimise the risk of conflict between family members – before issues arise.

To ensure your assets will be protected should you become unable to make financial decisions due to an accident or bad health, we recommend your Estate Plan includes an Enduring Power of Attorney.

You may think that your business is too small to target – too insignificant to warrant the attention of the widely publicised cyber-criminal groups that chase multimillion dollar ransoms. In reality, a large number of criminal groups exist around the world, exploiting the entire spectrum of online activity.

Family relationships are some of the most crucial in your life, and therefore, they are inherently clouded by emotions. But, when a business relationship is also thrown into the mix, what is the best way to navigate these emotions?

Board members generally have deep expertise in particular aspects of business management or the industry in which the family business operates. The Board is particularly focused on the business’s strategy, operations, and leadership advisory.

Succession planning is a key issue that all will eventually have to face. While some businesses would have considered a family business successor, what is often overlooked are internal risks.

If Family Business owners wish for their business to pass on from generation to generation and keep their business within the family, preparation and training should start at birth. This requires a dedication and devotion of education, time and care, and it is important to be proactive with planning.

The term “Family Office” is often misunderstood, so what does it mean? What does it specifically mean to your family and why is it important? Family Office places structure around your investments for the future and ensures that you are asked to consider the important questions.