Exit and business succession planning is about maintaining control over how and when you leave and on what terms. We are frequently asked ‘what are the top things to think about’ regarding succession planning and exiting your business. We include: (1) Minimising your tax (2) Securing your future income (3) […]
Are you already anticipating your tax refund? Like many people around Australia, you are already thinking about ways to spend your tax refund this year or you are completely organised and have already received! Ten (10) ways people use their tax refunds: (1) Pay debts like credit cards or high […]
1. Rate increases We are talking about the following options and strategies including: Consider reverting to interest only loans to maximise cash flow on “good debt” like property, shares and businesses Increasing principal repayments on “bad debt” for example non-deductibles like home loans Reviewing budgets particularly for recurring expenses that […]
A successful exit can be defined as one that meets the business owner’s individual needs and desires. For some business owners a successful exit goal is about selling the business for maximum dollars. For others financial outcomes are not their first priority as they are looking for stewardship exits – […]
Do the D-events resonate with you? If you are a property investor or have an interest you may be familiar with the three (3) sacred D’s which relate to life events that create “highly motivated vendors.” 1. Death 2. Divorce 3. Debt Deceased Estates are prime targets, as the primary […]
“I was looking to re-focus on the important aspects of running my business. It was great to get this help now, not only for this year, but beyond and without having to spend too much time completing forms.” Craig Hawkins, Owner and Managing Director, Seahorse World, Beauty Point, 2002 “Applications […]
Do you remember why you started your business? Maybe you had a vision for the meaningful impact or lifestyle you wanted to create? We often find small to medium business owners find themselves working in a high pressured job and stuck in the ‘day-to-day’. You find yourself doing everything, when […]
If you own your company jointly with another person, regardless of whether they are your mate, your brother, sister or an investor, you need to have a shareholders’ agreement in place. A shareholders’ agreement acts as a roadmap for how you want decisions of the shareholders and directors of the […]
How can you maximise value of your business and achieve a successful exit? Business succession and exit planning is one of the most important yet most misunderstood financial strategies for any business owner. It relates directly to your ability as a business owner to extract the maximum amount of value […]
Can you increase productivity and maximise employee retention asks Mike Denehey, Adviser. An innovative way to gain productivity and retention benefits is to invite employees to invest in your business through a share plan, also known as an Employee Share Ownership Plan or ESOP. ESOP’s are increasingly being used by […]
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