Financial Advisory Articles

When Treasurer Chalmers called it “the most ambitious Budget in 26 years,” he wasn’t exaggerating. For high net worth individuals and Family Offices, these reforms represent the biggest structural shift in wealth planning since t...

In our previous articles, we’ve covered the hard mechanics of 2026: Division 296 tax, valuation multiples, and AI-ready structures. But even the most perfect technical plan will fail if the person at the top isn’t emotionally ready to let go...

When we value a business at Stewart & Smith Advisory, we aren’t just looking for a number; we are looking for a story of durability. As we move through 2026, the multiples being paid for mid-sized businesses have stabilised, but the scru...

The collapse of Barbeques Galore into voluntary administration on 12 February 2026 is a chilling case study for every Australian SMB leader. It demonstrates that even a 50-year-old iconic brand can be dismantled in just eight weeks if the gap betw...

For SMB owners and entrepreneurs, cash flow – the net amount of cash and cash equivalents moving into and out of your business – is the lifeline of the operation. Unlike profit, which is a theoretical accounting measure, cash is the ac...

NOLV stands for Net Orderly Liquidation Value. It is a specific type of valuation applied to your business assets (most commonly inventory and equipment) by lenders, and it differs significantly from the general book value or even Fair Market Valu...

The term “capital structure” refers to the specific mix of long-term debt and equity a company uses to fund its operations and assets. For the CFO of a multi-site capital intensive business, or any major corporation, determining the pe...

In a major policy revision, the Australian government has abandoned its controversial proposal to tax unrealised capital gains on superannuation balances exceeding a set threshold. This element was a key, and highly contentious, part of the propos...

By Kim Stewart-Smith, CEO The reason we are sharing this story is simple: it is fictional, but it is based entirely on true scenarios we face with clients every single year. We call it the Golden Trap – the moment a founder becomes a high-re...

The recent media landscape, including articles in the Australian Financial Review (AFR), has been buzzing with suggestions for significant tax reform. While these are currently just proposals and not yet law, they could have a profound impact on h...