I recently did a technical presentation in Bangkok to a group of family business people.  And while the material, and discussions afterwards, were enlightening, I was eager to see some of this great city. A group of us went to the Skybar.  It was incredible.  The view was amazing.  The people (except me of course) […]

One of the greatest joys in being a parent is that your children cannot sack you and find another.  You can repeatedly make mistakes time and time again and still keep the jobs of “Mum” or “Dad”.  You’re there for life. Sadly you cannot sack your children – no matter how tempting that might be. […]

The start of a new financial year normally brings around a sense of trepidation among many. Was our stocktake done properly? Were the employee PAYGW certificates issued? What about the travel allowances? Can my dividends be franked this year? When do I have to schedule the auditors in? Do I have to schedule auditors? What […]

The recent budget changes now allow for a family to downsize the family home and contribute this to their superannuation fund.  And while the legislation is not yet around to go over; it looks like the net result will work like this: Antonio and Concetta (both 71) currently have $800k in their superannuation fund and […]

A family will often look at purchasing another business in addition to the current one.  This strategy is quite common and can work well if considered properly.  Sadly, more often than not, the strategy of purchasing a new business is not as successful as first anticipated. We go through a few reasons why families in […]

Careful long term planning of your property portfolio can make a big difference. Stamp duty planning Stamp duty planning is an often overlooked part of a strategy for families.  Typically a family will develop and build a property portfolio and the cost of stamp duty is considered an unavoidable by-product of buying portfolio. This is […]