From economic shifts to environmental hazards and global crises, businesses encounter many obstacles that can jeopardise their survival. Yet, armed with practical strategies, businesses can withstand these challenges and emerge stronger and more resilient. In this month's Business & Profit Matters we take a look at how you can make your business more resilient as well as changes to PAYG From 1 July, The Amendments To Workplace Law You Need To Know, Overcoming Invoice Defaulting and merchandising options for you business branding.

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?".