SMSFs: Keeping it in the Family

4 November 2024

Self managed super funds (SMSFs) can offer their members many benefits, but one that’s often overlooked is their potential as a multigenerational wealth creation and transfer vehicle. Family SMSFs are relatively rare. According to the most recent ATO statistics (2022-23), the majority of SMSFs (93.2 per cent) have only one or

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From Hands-On to Hands-Off: Tips for a Self-Sustaining Business

4 November 2024

Owning and running a small business can often feel like juggling flaming torches, while riding a unicycle on a high wire—you’re constantly managing multiple tasks, with each one demanding your attention essential to the running of the business. There is no room for dropped balls (or dropped flaming torches!) and

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New Rules for Casual Employment: What Small Businesses Need to Know

14 October 2024

Big changes are coming for small businesses that employ casual workers. Recent amendments to the Fair Work Act have redefined what it means to be a casual employee, and small business owners need to take note. The updates, which took effect on August 26, 2024, could significantly impact how you

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