Australia
Planning a successful AGM

By Jeffrey Luckins on 27/01/21 - Mins to read: 3 minutes

This article is part of a three-part series on Navigating your Annual General Meetings and provides tips on how to plan a successful AGM. Your Annual General Meeting, or AGM, is an important event where stakeholders can directly engage with the Board to ask questions and make resolutions. However, since...
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Tips to navigate family remuneration in family-owned businesses

By Chris Leahy on 27/01/21 - Mins to read: 3 minutes

Family-owned businesses form the backbone of many economies, and a unique aspect of these businesses is the intersection of personal and professional relationships. This often leads to the question: How does one set remuneration for family members? Setting a fair and justified salary for family members is essential not only...
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Family succession planning for your business

By William Buck on 27/01/21 - Mins to read: 3 minutes

Owning and managing a family business can be immensely rewarding, especially for the older generation, who get to see their enterprise become part of the fabric of family life. But as families evolve and life goals change, the real litmus test of a family business can arise when older family...
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Division 296 Tax: the proposed $3m super tax

By Charis Liew on 27/01/21 - Mins to read: 3 minutes

The Federal Government intends to reduce the concessions available to individuals with superannuation balances that exceed $3 million with its proposed Division 296 Tax. If enacted, the draft legislation will result in what is an additional 15% tax on the earnings of superannuation balances above $3 million. While the proposed...
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Passing the torch: navigating the generational shift in family businesses

By Chris Leahy on 27/01/21 - Mins to read: 3 minutes

Family businesses, with their rich legacies and shared values, hold a unique place in the business world. They are not only centres of innovation and growth but also guardians of tradition and continuity. One of the most defining moments in a family business's journey is the generational shift, where leadership...
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Important payroll update: simplified reporting and STP Phase 2 transition

By Michele Nevill on 27/01/21 - Mins to read: 3 minutes

STP Phase 2 changes that need your input with two key actions. Firstly, carefully review your payroll reporting codes to ensure accurate data submission to the ATO through STP. Secondly, you will start to see BAS data pre-filling by the ATO, it’s important to cross-check this information with your payroll...
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