Hi,
Welcome to the November 2023 edition of The Quintessential Brief.
As we approach the end of yet another year, it is a great opportunity to take stock of all that has happened this year, and look forward to where we expect things will go next.
Mixed Landscape: Financial Challenges & New Opportunities
While the days of COVID lockdowns and business shutdowns may behind us, unfortunately our economy is still struggling to recover. This presents itself in many different ways, with the increased cost of living, business pressures and a overall sense of cautiousness across the majority of business and individual dealings.
Such challenging conditions inform the types of matters that we have found ourselves dealing with in the past 12 months. As financial pressures mount, property and business sales rise too, and so we have seen first-hand the need for more complex tax and financial advice, including capital gains tax matters in particular.
Any kind of financial pressure can create tension. And so businesses, and their directors, are finding themselves in unsettling and disagreeable situations giving rise to an increase director dispute advice and resolution.
On the other side of the ledger, a downturn in the economy also creates opportunities for those that may be in a position to acquire new assets, whether that be property or businesses. An integral part of the business acquisition process is due diligence. Now, perhaps more than ever, it is imperative to undertake meticulous due diligence prior to entering into a business acquisition so that you can be assured that you are making a well informed decision.
Expert Help is Close At Hand
At The Quinn Group, our expertise is in helping our clients to navigate the complex, and often stressful, challenges of their financial situation. Granted, things are not particularly flourishing for most people and businesses right now, but that doesn’t mean that there are not options to explore and action that can be taken to manage the current situation in the best way possible.
We’d love to talk to you about how we can help, no matter your situation. From capital gains tax advice, due diligence, resolving director disputes and many other tax, accounting, legal, and merger and acquisition matters. Get in touch by calling us on + 61 2 9223 9166 or complete an online enquiry form.
Quinns Family is Growing
We’ve had some staff movements recently at The Quinn Group. We are excited to have welcomed some new staff members to the Quinns family and look forward to some more joining us in the near future. This will allow us to continue to grow and provide more of the expertise and tailored service that you expect from our dedicated team of advisors.
Wishing you and your loved ones all the best as we head towards 2024.
We look forward to speaking with you soon.
Regards
Michael and the team at Quinns
Take a look at our featured articles from the November 2023 edition.
Do I Pay Capital Gains Tax on Inherited Property?
Understand the TRUE Business Position with a Due Diligence Audit
