Our latest insights

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.

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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.

The cap on the amount of superannuation benefits that can be transferred into retirement pension phase (known as the Transfer Balance Cap) having been recently increased by indexation to $1.9m from 1 July 2023 and all Self-Managed Superannuation Funds (SMSF) with members in the retirement phase will be required to report certain events that affect their members’ Transfer Balance Accounts (TBA) on a quarterly basis from 1 July 2023.

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?

While the TV series Succession has captured audiences with its dramatic storylines, themes explored through the show reflect what families can face when it comes to growing and maintaining wealth throughout the generations. So how can Family Offices be successful in growing wealth from generation to generation?

With just under four weeks until the End of Financial Year (EOFY), climbing interest rates and uncertainty ahead, what can family businesses do to be prepared?

Authorised deposit-taking institutions (ADIs) and the broader banking sector have recently faced significant headwinds, as the sector navigates unprecedented change. How can you best navigate current challenges and leverage opportunities to find efficiencies as you step into the new financial year? Here, we outline eight key considerations you should address to ensure your business is set up for FY24.

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.

Technical knowledge, digital proficiency and human relations are essential skills in our professional services careers – they’re the pillars to the modern workforce, and to thriving in an agile, increasingly technological world. But beyond technical and behavioural skills, qualifications and being entrenched in your advisory service, it’s empathy and understanding your client’s issues that elevate you as a professional. In the pursuit of specialisation, why is it important to also consider developing your industry expertise, and how can you gain it?

Customer expectations are quickly evolving. Unless your business can create a unique value proposition and strong connections with its customers, your relationship with your most important stakeholders is at risk. With demands for personalisation at its core, retailers are no longer encouraged but expected to build a connected consumer experience to support the customer journey and drive loyalty. How can retailers manage this demand for accessibility of products, information, and customer services via their platform of choice, as well as drive brand loyalty in a highly competitive marketplace?