Key points Businesses must assess pricing changes within broader operational impacts, not in isolation. Renegotiating supplier contracts is a strategic alternative to absorbing or passing on cost increases. Small price hikes, like CPI-linked beer costs, can erode margins if not managed proactively. Why it pays to consider the bigger picture on pricing increases When the […]
Key points Mandatory climate reporting laws now apply to large Australian businesses from January 2025. Reporting includes governance, strategy, risk, and emissions across Scopes 1, 2, and 3. Businesses must prepare systems to avoid greenwashing and meet compliance deadlines. As of 1 January 2025, many large Australian businesses are now required to comply with mandatory […]
Key points Businesses should reflect on 2024 performance to set realistic, data-informed goals for 2025 Strategic goal-setting in 2025 with new mandatory climate reporting requirements Embracing AI, digital transformation, and succession planning is essential for long-term competitiveness and resilience As businesses step into 2025, the need for clear, actionable business goals has never been more […]
From 1 July 2024, the Debt Deduction Creation Rules (“DDCR”) permanently deny debt deductions (e.g. interest expenses) for payments arising in connection with certain related party transactions. Broadly, where entities have debt deductions that arise in relation to the acquisition of assets from associates, or fund distributions or royalties to associates, the rules will permanently […]
Key points Baby Boomers own 40% of SMEs, with 1 million seeking exit strategies over the next decade 1. Succession planning requires clear goals, suitable successors, and structured leadership development 1. A realistic, multi-year timeline ensures smooth leadership transition and business continuity With over a million Baby Boomer business owners preparing to retire, succession planning […]
Key points Planning for aged care early avoids crisis decisions and ensures choices align with personal values and family needs. Many Australians will require care during retirement; delaying planning increases stress and limits options. Specialist financial advice is essential, as aged care rules and strategies change frequently and impact family outcomes. No-one likes to talk […]
Key points Mature businesses must regularly review performance and adapt to stay relevant and competitive. Leveraging AI and automation helps reduce costs and defend against disruptive market entrants. Succession planning and strategic restructuring are essential for long-term sustainability and growth. In this third article in our series on the four stages of the business cycle […]
Key points Risk tolerance, capacity, and required risk must align to create a strategy that suits both emotional comfort and financial goals. Volatility isn’t risk—it’s price movement; managing liquidity and access is key to long-term investment success. A sound strategy balances asset types, accessibility, and longevity to support retirement and evolving financial needs over time. […]
Key points SMSFs offer flexibility to invest in property, collectables, and private assets not typically available in industry funds. Strategies like deferred contributions and downsizer payments help optimise tax and boost super balances. Equalising member balances and managing death benefits improves long-term tax efficiency and estate planning outcomes. There are many ways to maximise your […]
Key points SMSFs can be cost-effective starting from $100,000, not just for large balances. Pooling funds from up to six members boosts cost efficiency. SMSFs offer flexibility but require time, expertise, and trustee responsibility. There is still a misconception among owners of small to medium businesses (SME) that self managed superannuation funds (SMSF) are only […]
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