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April 5, 2023
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Listening to the treasurer delivering this year’s budget, you would think our economy is doing wonderfully and there is nothing to be concerned about. However, when you look behind the gloss to the real numbers, the story is very different.
None of us like paying more tax than we have to. The best way to keep the tax down is not by leaving it to the last minute, but by having a year-round process.
Generational succession - handing your business across to your kids or family - sounds simple enough but, many families end up in a dispute right at the point when the parents, business, and children are most vulnerable. It’s important that generational succession is managed as closely and diligently as if you were selling your business to a stranger to avoid misunderstandings and disputes.
