In this issue we look at how Succession planning is a critical component of organisational sustainability and growth. It is a deliberate and systematic process that identifies and develops individuals within a company to fill key roles as they become vacant due to retirements, promotions, or unforeseen circumstances. We also investigate the challenges that lay ahead for businesses in the coming year as well as ATO rulings for Employee classifications and how to freshen up your marketing strategy.

Getting the right business structure in place is one of the most critical business decisions you must make throughout your business lifecycle. However, the wrong business structure can cost you hundreds of thousands of dollars over your business’s life. In this months edition of Business & Profit Matters we take a look at the different business structures and ask "Is it time for a restructure?".

At the start of a new financial year, businesses often find themselves at their busiest as they handle their obligations that are coming due. While every business has different needs, everyone must ensure they have done the right thing by their employees. In this months edition of Business & Profit Matters we look at your business obligations through the year, common legal issues for small business and changes to flexible work from home arrangements. We also look at some common cyber security threats for your business and how to survive the early years of a new business.