Build your financial security with OBT Financial Group – Lockyer Valley Business of the Year recipients and specialist financial advisers to individuals, business owners and farming families on accounting, tax, business advice and wealth planning for over 40 years.Each end of financial year (EOFY) is a busy time for businesses and accountants alike. Apart from balancing books and lodging a tax return, astute business owners should use the time around 30 June to review performance and plan ahead for the new financial year…. Read More >>
Archives for June 2016
Succession planning is not an event, it is a process
The process involves the transfer of managerial control, assets, ownership and an occupation. Successors must be selected and groomed. The timing of the transition and managing the entry and exit of family members is one part of the process. Estate planning and the preservation of… Read More >>
What is succession planning?
Succession is often viewed as ‘who gets what and when’. This is but one small part of the succession process. Effective succession planning does actually involve a journey or a process rather than simply sitting down and writing a plan. Often the plan itself is really… Read More >>
OBT’s succession planning steps
What are these steps or stages in the succession planning process? Firstly, all members of the family need to work through a process of awareness and education so that they understand what is involved in succession planning. One key factor is understanding that we need… Read More >>
Succession Planning – it’s all about the journey
Succession planning involves a journey or a process rather than simply sitting down and writing a plan. Often the plan itself is really just a formal confirmation of the outcomes of hours of discussions and negotiations addressing all the issues that form part of a… Read More >>
Being lax at tax time costs you big time
4 things you can do drop your tax bill Tax can often be one of the biggest expenses of a small business. With so few relishing it, that’s often because they don’t understand it. Business owners, in particular, need a strategy other than ‘just tell… Read More >>
