Accounting & Wealth Insights

There has been no shortage of signals for the global economy. The U.S. Federal Reserve is trimming rates, and Europe remains a patchwork story.

One of the most common questions I’m asked as a business accountant is, “Do I need a family trust for my business?”

It is a topsy-turvy global market as each geographical region balances between easing monetary policies, persistent inflation, and geopolitical pressures.

Inheritance tax. While some countries impose this tax, including the United States, France, the UK, and the Netherlands, among others, Australia, as of today, does not have an official inheritance tax.

The term financial planning frames what I do, helping people plan their financial future, but it doesn’t articulate the strategic process.

Overall, domestic and international economies are performing reasonably well. There is ongoing speculation about what the US will do next, however, there is a slight shift toward more confidence as the year goes on.

Are you considering purchasing a small business? We’ll go over the financials, do the due diligence, and build you a plan for success.