Our latest insights

While Family business make up 70 per cent of the Australian economy, only 12 per cent makes it to the third generation. As the first and second generation work on and in the business, it’s crucial to try and keep it alive – to uphold the legacy and ensure the business thrives for future generations.

In this series, we look at the different perspectives of those who are most affected by forecasting and budgeting. Learn from lenders, business owners, and investors who use forecasting and budgeting for different purposes and understand how to use these tools effectively for business decisions.

Some families spend a lifetime generating wealth and hope to financially set up future generations. However, when looking at Estate Planning, sometimes families only consider one generation at a time.

The results of the 2023 Family Business survey report identified top concerns for Australian family businesses in the current environment.

If you have sold or are looking to sell your business, there may be significant Capital Gains Tax (‘CGT’) on the capital gain. However, if you are a family or privately-owned business owner, you may be able to reduce your CGT through the small business CGT concessions (‘SBCGT Concessions’).

The new superannuation contribution caps introduced from 1 July 2024 have provided the opportune time for taxpayers to strategise on how they can maximise their superannuation.

Family Businesses prioritise sustainability policies and actions that benefit their business and community, even before regulation around Environmental, Social and Governance (ESG) initiatives were mandated. This genuine drive allows family and mid-sized businesses to act authentically while integrating corporate terminology to create a competitive advantage.

Navigating the Australian business landscape involves more than just identifying market opportunities; it also entails a thorough understanding of our country's tax and other regulatory obligations.

The results of the 2023 Family Business survey showed succession planning is still a topic of high importance to family businesses. The results revealed 72 per cent of family businesses believe succession planning would be an important topic for their business over the next two years.

Outsourced CFO services can help scale up businesses, domestic established businesses and international subsidiaries with the demands of doing business

Often a family business starts with Mum and Dad and family governance isn’t an issue as both parents want the best for their children, and their values and vision for the future are aligned.

As this landscape shifts, family businesses must become aware of their carbon emissions and develop a proactive carbon reduction strategy, whether it be aiming for net zero or another reduction target.