$2,000 specialist advice grants are now available to access accounting or legal professional advice to help support businesses improve and adapt following COVID-19 disruptions and current economic conditions. The program closes on Friday 30 September, and applications are assessed on a first in, first served basis, so you need to act now.
The High Court has rejected a taxpayer’s attempt to disclaim an interest in trust income that arose as a result of a default beneficiary clause being triggered.
Changing business conditions, interruptions and adapting to new ways of working has likely impacted your business. If you feel like you are finally coming up for air, it’s time to be positive and proactive and get your business back on track.
The Australian Small Business and Family Enterprise Ombudsman, in conjunction with Family Business Australia, has released a new online guide to succession planning — the “Introductory Guide to Family Business Succession Planning” — which provides a step-by-step guide to passing the family business on to the next generation.
Even if you’re not ready to sell your business just yet, or your retirement is years away, planning and preparing your business for sale should start today. Having a sale-ready business puts you in a position of strength and ready to capitalise on opportunities as they arise.
While the sale of your business may contribute to a large portion of your retirement savings, incomes in retirement can come from a number of different sources which may vary over time depending on market conditions and your personal circumstances and investment strategy. So, before you hang out the ‘For Sale’ sign, there are some…
Like many business owners, you have spent years fully invested in your business, personally and financially, and as you nudge closer towards retirement, you may be starting to worry about your super and life after business. If you are selling your business, CGT concessions could help you boost your super.
If concerns about cashflow, funding new ventures, selling your business or general worries about your business performance are keeping you awake at night, you may feel like your business is managing you, rather than you managing it. A properly prepared business plan is among the most effective ways to reduce stress and take control of…
As a business owner, it’s likely you have spent many years building a solid business, but perhaps you have shown less discipline when it comes to paying yourself a regular salary, contributing to super and investing for your future. If you are considering building personal wealth for your life beyond business ownership, we can help.…
If you are looking to transition to retirement or exit your business in the next few years, you need to start planning now. There are many options for business succession, but ultimately a smooth business exit that achieves maximum value for your business and enhances your personal prosperity, requires professional guidance and the benefit of…