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Managing family businesses can be complex as it involves navigating daily operations as well as family dynamics. Because of this, it’s important both your succession and estate plans align. While documenting your succession plan is key, it’s equally important your estate plan legally reinforces your vision for the future.

As the end of the financial year approaches, now is the time for family groups to consider their annual tax planning. Tax planning is a critical part of the tax management processes for all family groups, and brings about benefits.

For private investors entering and growing in a new market or new industry, managing the finance function effectively is critical—not just for operational success, but to ensure compliance with local regulations and drive growth. Many investors underestimate the complexity of regional financial, tax, and reporting obligations, which can lead to inefficiencies and unexpected risks.

Following the recent election victory of the Labor Party, it’s likely the Division 296 tax bill will be reintroduced and passed. The results saw government win the control of the House of Representatives as well as the Senate, which will also be controlled with the help from the Greens.

Ideally, you want 5-10 years to plan for retirement. The longer you allow yourself, the easier it will be to reach your goal. If selling the business part of your plan, the aim is to secure the best price and maximise your return after tax. So, what factors should you consider for retirement?

Explore recommendations to improve Aged Care Financial Standards and support provider stability.

In the dynamic landscape of family business and current economic environment, it’s critical to prepare the next generation to ensure they’re comfortable to take over operations.

The ATO estimates Australia has 800,000 trusts controlling over $3t in assets and with $3.5t in wealth about to transition from the incumbent generation over the next 20 years, there needs to be consideration for the impending vesting date of Australian family trusts.

Family businesses are the backbone of the Australian economy, providing stability and employment. However, as these businesses grow and evolve, so do the complexities of their financial landscapes. For the Rising Generation preparing to take the reins, understanding and managing these complexities is crucial.

Having funds in superannuation is a great financial structure from a tax perspective. Despite this being a great vehicle to invest your money, you should be aware of the potential tax that applies to certain beneficiaries of your super upon your death.

Aligning automation with business strategy is crucial for creating future-ready supply chains. Emphasising flexibility, scalability, and simplicity in automation solutions enhances efficiency and adaptability while meeting evolving customer demands.

Tax, happiness, risk, intergenerational, wealth, transfer, family, transparency, will, superannuation, property