Our latest insights

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.

Generally, when we talk with family businesses about the next generation ‘taking over’ we break this down into two parts – management and ownership. Every business – like every family – is different and what this means in one family business may be completely different in another.

It is not uncommon for parents to advance their children money. What the funds are used for may be a significant consideration in how the transfer may be structured from the family business entity, or group of entities, as there may be several financial, taxation and legal consequences.

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.

Sibling rivalry is the type of dispute that can be destructive when it comes to making decisions in your family business, so it is important to have strategies in place to mitigate conflict.

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?

An agile, efficient and forward-looking finance function is central to business growth and success. It therefore needs to evolve faster than the business itself. This requires ongoing investment in new technologies, processes and skillsets in the finance function to ensure it’s well positioned to spearhead business efficiency and value creation

Recently, the ATO has enforced the use of Single Touch Payroll (STP) and Superstream as their electronical tools to collect both tax and superannuation data from businesses and superannuation funds.

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.

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.

Australia has relied heavily on businesses and consumers to lead the way on emissions reduction to tackle climate change. Several Australian states have had to develop their own policies and roadmaps to progress the clean energy transition and enable private sector investment outside the national framework. This presents risks and challenges if not managed carefully.