Our latest insights

How to finance the transition of a business through generations can be one of the fundamental challenges encountered in an effective succession plan.

Learn our five tips to any family member wishing to join the Family Office – and for the family wishing to appoint an official role

Well over half of all Australian family businesses do not have processes in place to deal with conflict, to clearly express the aim and goal of the business and to allow for transition and succession. Consulting a third party facilitator can assist with the formation of a governance structure. A facilitator provides a layer of independence as they are not emotionally involved, and serve in holding the family accountable, aiding in dealing with more sensitive matters.

There have been some recent developments from the ATO which are set to impact those using a discretionary trust as part of their financial family arrangements.

There is an increased importance for the boards of family businesses to find the right balance between compensation for the management team working in the business, and earnings for the family shareholders who own the business. It is likely that some family members will be involved in both aspects which heightens the challenge of distinguishing the return. There are several ways for family business owners to approach these challenges.

A question we often hear is ‘what is a family office’? While any family can think about these same issues and investment goals, our family office start up allows families with a minimum of $2 million to invest to start a family office.

A family’s legacy – or wishes for its legacy – are as unique as each family itself.

Aspects to consider and questions to ask yourself when developing a family office.

Many families who have not already experienced a transition event can benefit from external assistance in developing their transition plan.

The results from the Family Business Survey 2021 show 65% of family businesses with a succession plan wanted to keep the business in the family; but the most staggering statistic resulting from the survey was of the families who sat together and documented a succession plan, 66% do not have their estate plans in order.

Some welcome news for many businesses in New South Wales and Victoria, with some key COVID-19 business support programs in these lockdown-impacted states now tax-free.

The 2021-22 Budget made a lot of spending announcements, including a number of tax cuts and incentives, and changes to superannuation. From our perspective here are the four key announcements that will have the most fundamental impact on your business.