Our latest insights

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.

As a Trustee (the person who manages the fund) you have many obligations you must adhere to once your self-managed super fund (SMSF) is setup.

At Grant Thornton, we offer a National Superannuation team to support you and your family with the accumulation phase right through to retirement.

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.

It is evident the pandemic created many challenging situations for CEOs where they were required to act quickly on problems their business faced. But is it now time to stop, reflect and reassess? As we near the end of the year where we become fatigued, the effects of the pendulum can start to surface, and these issues should be addressed.

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.

Our Government Grants team monitors the fluctuating grants landscape and has identified some major opportunities to keep an eye on over December 2022 and January 2023.

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.

A good governance structure will help you embed your values, goals and visions into you Family Office.