Family Office

Insights into better people performance 8th December 2017

All business owners will tell you that the absolute key to their business is people. But Jim Collins, the best selling author of ‘Good to Great’ made the distinction that it is not your people but the ‘right people’ that drive performance in the business....

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Jack Cowin's 13 instructions for life 4th December 2017

He became an insurance salesman with London Life for four years in Toronto before deciding to visit Australia to assess some business opportunities. Seeing long queues at a Chinese takeaway restaurant while vacationing in Sydney, he became convinced that fast food would sell well....

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Key Aspects of CGT Relationship Breakdown Rollover Relief 21st April 2017

The capital gains tax (CGT) rollover relief for marriage or relationship breakdown is, suffice to say, highly significant for people who are experiencing the trauma of a relationship breakdown; especially where substantial assets may be involved....

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ATO Update On Super Reform 20th April 2017

On the 22nd March, the ATO published three guidance notes, each explaining the change, what actions need to be done before 30 June 2017 and after 1 July 2017 and also practical examples how the changes will apply....

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New generation of SMSF investors likely to disrupt the industry 6th April 2017

The CommBank SMSF Report, released today, shows a new generation of SMSF investors is breaking the stereotype of the experienced and financially confident professional or entrepreneur who makes their own investment decisions. The research identifies four types of SMSF investors, each with their own distinct motives and decision-making preferences: Outsourcer, Coach Seeker, Self-Directed Investor and Controller....

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Successful Family Business 20th February 2017

Are you like most successful family businesses? First it was a converted garage or similar, then a shared space, then your own space. Next came all the extra administrative tasks and pretty soon you can only get your core business done after-hours or on weekends ...

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Contributions – what the changed concessional and non-concessional caps may mean for you 10th February 2017

With many of the changes announced in the 2016 Federal Budget now passed by Parliament, there is an amount of certainty that you can have when approaching your SMSF planning and the contributions you might wish to make to your SMSF....

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Q&A: Renting Out Your Old Home before Selling it 30th March 2016

Q. I have purchased a house that I wish to use as my family's main residence. I am looking to take advantage of the six-month exemption rule while I sell my existing place. What happens if I wish to rent out either of the two properties during this six-month period?...

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Artwork and Collectables Held in SMSFs 26th February 2016

There are rules that apply to making, holding and realising self-managed super fund (SMSF) investments in collectables and personal use assets. These rules basically seek to prevent trustees from gaining a current day benefit from prescribed lifestyle assets and ensure that such investments are made for genuine retirement income purposes....

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Planning for Family Business Succession 23rd September 2015

Succession planning can mean the difference between success and failure for the viability of the business. Some reasons why family businesses fail are listed below:...

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