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adviser innovation

Australian digital platform launches in North America

Adviser Innovation | Sep 16, 2021

A local digital platform has expanded to North America.

On Thursday, Australasian business succession and exit planning advisory firm, Succession Plus, confirmed the news and said that the Capitaliz platform will help North American advisers “unlock untapped value for small to medium-sized businesses”.

Capitaliz enables automatic businesses automation, benchmarking and value enhancement guidance for advisers to deliver successful exits for their clients.

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Australian digital platform launches in North America

Investor Daily | Sep 16, 2021

A local digital platform has expanded to North America.

On Thursday, Australasian business succession and exit planning advisory firm, Succession Plus, confirmed the news and said that the Capitaliz platform will help North American advisers “unlock untapped value for small to medium-sized businesses”.
Capitaliz enables automatic businesses automation, benchmarking and value enhancement guidance for advisers to deliver successful exits for their clients.

Money Management

Estate planning not just for clients

Money Management | Sep 3, 2021

One of the few positives to come out of the COVID-19 pandemic is that the feeling of uncertainty has led people to address setting up or updating their estate plan which otherwise would have fallen into the “I’ll get to it later” basket.

While financial advisers should be discussing estate plans with their clients, they should not forget about their own estate plan either especially if they own their practice.

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Employee Share Schemes, Founders & gin

Startup Daily

The House of Representatives Standing Committee on Tax and Revenue has today presented its report titled Owning a Share of Your Work: Tax Treatment of Employee Share Schemes. The Committee’s overarching recommendation is that Employee Share Schemes be treated as capital for the purposes of taxation, and that a tax liability would arise on the disposal of the assets granted, using the current capital gains tax regime. Succession Plus CEO Craig West takes us through it.

Money Management

Lockdown lowers adviser business valuation

Money Management | Aug 12, 2021

Australian lockdowns are likely to send a recovering financial adviser mergers and acquisition (M&A) market into reverse as owners realise the lockdown will negatively impact their business’ valuation.

Money Management

Younger staff sets firms up with succession planning

Money Management | Aug 11, 2021

Firms seeking to put a succession plan in place would benefit from hiring younger advisers who will be at the firm for the long-term.

As many advisers left the industry, this was creating gaps that needed to be filled but there was a lack of suitable advisers available. This meant there were opportunities for younger advisers or graduates who were seeking their first role.

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Let’s Talk: What is the best business advice you ever received?

Dynamic Business | Aug 11, 2021

“Begin with the end in mind, from The 7 Habits of Highly Effective People by Dr. Stephen R. Covey (habit #2). This means making sure each and every decision you make in business gets you closer to your endgame.

“The people you employ, the business model you adopt, the financial strategy you map out and the way you market and promote your product, your pricing model, your client service and delivery – all need to focus on the endgame. If you look at a decision that is taking you further away from that, it is the wrong decision.

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Government releases new draft legislation for employee share schemes

Dynamic Business | Aug 5, 2021

The Australian government has released exposure draught legislation proposing tax and regulatory changes that will make it easier to implement ESSs.

Employee incentive schemes (ESSs) are used by employers to attract, retain, and motivate employees by issuing shares, share options, interests in shares, or other benefits resulting from shares.

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Succession Planning on the Business Excellence Podcast

Business Excellence | Jul 10, 2021

Australia has a large number of baby boomer business owners that are currently heading towards or preparing for retirement with no real plan for an exit from their business.

The first thing to do is begin with the end in mind, start to think about – what does my exit look like?

Money Management

Planning for the end

Money Management | Jun 25, 2021

Interest in Employee share ownership plans (ESOPs) has increased dramatically in the last 12 months as business owners seek to ensure their workforce is aligned, motivated and focussed amid the disruption to work arrangements brought on by the COVID-19 pandemic.

Money Management

Lack of ‘natural pathway’ for generation of advisers

Money Management | Jun 9, 2021

The reluctance of business owners to sell their advice firms is leaving a generation of advisers unable to progress, according to Succession Plus.

Many owners were now working into their advanced years which meant there was “no natural pathway” for younger members of staff to take over the business.

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The Edge: Succession planning and exit strategy with Craig West

Paint & Panel | Mar 8, 2021

How can you structure your business so you’re ready when it’s time to sell? Craig West has the answers! Having spent 20 years as a strategic accountant, Craig now specialises in advising business owners on succession planning. Takeovers can happen very quickly in the Smash Repair business, so you need to be ready. Even if you have no intention of selling, Craig outlines why it’s a good idea to tidy up your business to maximise the sale value.