{"id":2036,"date":"2025-02-25T15:20:27","date_gmt":"2025-02-25T04:20:27","guid":{"rendered":"https:\/\/wilsonaccountinggroup.com.au\/?p=2036"},"modified":"2025-03-28T13:03:50","modified_gmt":"2025-03-28T02:03:50","slug":"why-your-business-needs-a-director-succession-plan","status":"publish","type":"post","link":"https:\/\/wilsonaccountinggroup.com.au\/why-your-business-needs-a-director-succession-plan\/","title":{"rendered":"Why Your Business Needs a Director Succession Plan"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"2036\" class=\"elementor elementor-2036\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-6799815b elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"6799815b\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div 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blogs\t\t\t\t\t\t<\/a>\n\t\t\t\t\t<\/p>\n\t\t\t\t\n\t\t\t\t\n\t\t\t<\/div>\n\t\t\t\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-750eb02c elementor-widget elementor-widget-heading\" data-id=\"750eb02c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h1 class=\"elementor-heading-title elementor-size-default\">Why Your Business Needs a Director Succession Plan<\/h1>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-7c6e3165\" data-id=\"7c6e3165\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-50569b4e elementor-invisible elementor-widget 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class=\"e-font-icon-svg e-fas-envelope\" viewBox=\"0 0 512 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M502.3 190.8c3.9-3.1 9.7-.2 9.7 4.7V400c0 26.5-21.5 48-48 48H48c-26.5 0-48-21.5-48-48V195.6c0-5 5.7-7.8 9.7-4.7 22.4 17.4 52.1 39.5 154.1 113.6 21.1 15.4 56.7 47.8 92.2 47.6 35.7.3 72-32.8 92.3-47.6 102-74.1 131.6-96.3 154-113.7zM256 320c23.2.4 56.6-29.2 73.4-41.4 132.7-96.3 142.8-104.7 173.4-128.7 5.8-4.5 9.2-11.5 9.2-18.9v-19c0-26.5-21.5-48-48-48H48C21.5 64 0 85.5 0 112v19c0 7.4 3.4 14.3 9.2 18.9 30.6 23.9 40.7 32.4 173.4 128.7 16.8 12.2 50.2 41.8 73.4 41.4z\"><\/path><\/svg>\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-4313423f animated-fast elementor-invisible\" data-id=\"4313423f\" data-element_type=\"column\" data-e-type=\"column\" data-settings=\"{&quot;animation&quot;:&quot;fadeIn&quot;,&quot;animation_delay&quot;:100}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-7087e8fe elementor-widget elementor-widget-text-editor\" data-id=\"7087e8fe\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>You&#8217;re the backbone of your business \u2014 managing operations, handling finances, and driving growth. But what if, unexpectedly, you became too ill to work? Or worse, what if you passed away?<\/p><p>Without a <strong>Director Succession Plan<\/strong>, your family could face immense stress, and your business&#8217;s future could hang in the balance.<\/p><p>Too many family-owned businesses don&#8217;t have a plan in place, assuming there will be time &#8220;later&#8221; to figure it out. A <a href=\"https:\/\/www.pitcher.com.au\/business-radar-2024\/\"><strong>2024 report<\/strong><\/a> by Pitcher Partners found that one in 10 business owners don&#8217;t believe succession planning is necessary for a successful leadership transition. Even worse, 31% of business owners cite being &#8220;too busy&#8221; to plan for it.<\/p><p>If you want your business to stay in your family&#8217;s control and continue operating, you must take action now.<\/p><p>At Wilson Accounting, we help business owners secure their legacy and protect their family&#8217;s financial future. Here&#8217;s what you need to know about Director Succession Planning and why it&#8217;s particularly essential for family businesses.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f6f8fd5 elementor-widget elementor-widget-heading\" data-id=\"f6f8fd5\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Why Family Businesses Avoid Succession Planning (And Why That's a Mistake)<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2b80afe elementor-widget elementor-widget-text-editor\" data-id=\"2b80afe\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Many business owners and directors put off <strong>Director Succession Planning<\/strong> for various reasons, but avoiding it can lead to legal headaches, financial losses, and family disputes.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-502ff75 elementor-widget elementor-widget-heading\" data-id=\"502ff75\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Excuse #1: \"I'm Too Busy Right Now.\"<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6e1c91f elementor-widget elementor-widget-text-editor\" data-id=\"6e1c91f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Between managing staff, securing clients, and keeping cash flow steady, long-term planning often takes a backseat. But the reality is that a lack of succession planning creates more work and stress for your family if something happens to you. A well-prepared plan ensures continuity and minimises disruptions to both your business and your loved ones.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4ff588d elementor-widget elementor-widget-heading\" data-id=\"4ff588d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Excuse #2: \"It's an Uncomfortable Conversation.\"<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f26ae27 elementor-widget elementor-widget-text-editor\" data-id=\"f26ae27\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Talking about what happens after you&#8217;re gone isn&#8217;t easy, and many business owners avoid it. However, avoiding the topic could leave your family with financial stress and limited legal authority to run the business. Having a slightly awkward conversation now can prevent significant emotional and financial turmoil later.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8a529fa elementor-widget elementor-widget-heading\" data-id=\"8a529fa\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Excuse #3: \"I Have Plenty of Time.\"<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-59c6ae7 elementor-widget elementor-widget-text-editor\" data-id=\"59c6ae7\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Many business owners assume they&#8217;ll have years to plan their exit. But unexpected departures happen every day. Betting on stability is risky \u2014 having a plan ensures your business is ready for anything.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f7147c2 elementor-widget elementor-widget-heading\" data-id=\"f7147c2\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Excuse #4: \"Succession Planning is for Big Corporations, Not SMEs.\"<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9aa5cc0 elementor-widget elementor-widget-text-editor\" data-id=\"9aa5cc0\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Small and medium businesses (SMEs) are actually more vulnerable to leadership gaps. The stakes are especially high if your business relies on a few key leaders \u2014 which is often the case for family businesses.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3e47b58 elementor-widget elementor-widget-heading\" data-id=\"3e47b58\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Excuse #5: \"My Family Will Know What to Do.\"<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e5c787d elementor-widget elementor-widget-text-editor\" data-id=\"e5c787d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Without clear instructions, your spouse, children, or business partners may struggle to make decisions. Worse, if there are multiple directors, your family could lose voting power and control of the company. Putting a plan in place ensures your wishes are followed and prevents unnecessary conflicts.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b6de685 elementor-widget elementor-widget-heading\" data-id=\"b6de685\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">The Cost of No Succession Plan<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-be25aae elementor-widget elementor-widget-text-editor\" data-id=\"be25aae\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>When a business owner suddenly becomes incapacitated or passes away, the business faces several risks.<\/p><p>Operational disruptions, financial instability, and talent drain are just a few of the critical risks businesses face when leadership changes occur without a succession plan.<\/p><p>If you are the sole director, your company may be left without leadership altogether while legal matters are sorted, causing disruptions to operations. Without clear instructions, disagreements between family members and other stakeholders can arise, creating disputes that strain relationships unnecessarily.<\/p><p>Delayed decision-making can lead to financial instability, cash flow problems, and loss of key clients, ultimately threatening the survival of the business. Additionally, if multiple directors exist, your family <strong>may not have enough voting power<\/strong> to protect the business from unfair decisions made by other directors.<\/p><p><strong>Example:<\/strong> <em>A family-run construction business faces financial and operational turmoil when the owner suffers a sudden illness. Without a designated successor, their spouse struggles to make business decisions, and the company loses key contracts within months.<\/em><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-bd39647 elementor-widget elementor-widget-heading\" data-id=\"bd39647\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">How to Create a Strong Director Succession Plan Before It's Too Late<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-60915aa elementor-widget elementor-widget-text-editor\" data-id=\"60915aa\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>A proactive succession plan ensures your business remains stable, in control, and stress-free for your family. Here&#8217;s how to put one in place.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-80df84e elementor-widget elementor-widget-heading\" data-id=\"80df84e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Step 1: Nominate a Successor Director<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7bf0187 elementor-widget elementor-widget-text-editor\" data-id=\"7bf0187\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Start by choosing someone who can take over your role in case you become incapacitated or pass away. This could be your spouse, an adult child, or a trusted business partner who understands your company&#8217;s operations and can make critical decisions.<\/p><p>Be realistic \u2014 does your chosen successor have the skills and desire to lead? If not, you may need to go back to the drawing board.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-bcf751d elementor-widget elementor-widget-heading\" data-id=\"bcf751d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Step 2: Develop &amp; Train Potential Successors<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-78ae40f elementor-widget elementor-widget-text-editor\" data-id=\"78ae40f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>This involves investing in leadership training, mentoring, and financial acumen for your chosen successor to bridge any knowledge gaps and ensure they can hit the ground running if and when they take over.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d5dd6d3 elementor-widget elementor-widget-heading\" data-id=\"d5dd6d3\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Step 3: Get the Financials &amp; Legal Structure in Order<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d060c5b elementor-widget elementor-widget-text-editor\" data-id=\"d060c5b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>It&#8217;s essential to conduct a company valuation to understand the financial standing of your business if ownership is set to change; knowing your numbers is crucial for a smooth transition.<\/p><p>Establishing clear shareholder agreements can help prevent legal disputes over company control. Many company constitutions don&#8217;t allow for the appointment of a Successor Director without additional documentation. Engage your accountant to review your constitution and arrange updates if necessary to ensure a smooth transition when needed.<\/p><p>Legally binding <a href=\"https:\/\/asic.gov.au\/for-business\/changes-to-your-company\/passing-a-company-resolution\/\"><strong>Resolutions of Directors<\/strong><\/a> must be created to formalise your succession plan \u2014 outlining the steps to be taken and ensuring clarity and compliance with corporate regulations.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ba2329a elementor-widget elementor-widget-heading\" data-id=\"ba2329a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Step 4: Create a Transition Timeline<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-079de09 elementor-widget elementor-widget-text-editor\" data-id=\"079de09\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Establishing a short-term emergency relief plan that can be implemented quickly is crucial. Simultaneously, a long-term strategy should be developed to facilitate a structured transition.<\/p><p>Clearly outlining roles, responsibilities, and timelines will ensure a seamless handover process and prevent operational disruptions.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5ea193d elementor-widget elementor-widget-heading\" data-id=\"5ea193d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Step 5: Communicate the Plan &amp; Keep It Updated<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4f6b834 elementor-widget elementor-widget-text-editor\" data-id=\"4f6b834\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Your business and personal circumstances may change over time, so reviewing your succession plan annually will ensure it remains relevant and effective. Adjustments may be necessary as family members&#8217; roles evolve or as new opportunities arise within the business<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9a8ac87 elementor-widget elementor-widget-heading\" data-id=\"9a8ac87\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Keep Your Business in the Right Hands with Proactive Succession Planning<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5d7c4a6 elementor-widget elementor-widget-text-editor\" data-id=\"5d7c4a6\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Business owners often focus on immediate challenges, but failing to plan for succession can undo years of hard work. The best businesses don&#8217;t leave their future to chance \u2014 they create structured, forward-thinking Director Succession Plans to ensure their business stays in trusted hands.<\/p><p>A good succession plan isn&#8217;t just about <em>who<\/em> takes over \u2014 it&#8217;s about ensuring business stability, avoiding unnecessary stress and limiting legal complications.<\/p><p>At Wilson Accounting, we work with family businesses in Bundoora, Torquay, and beyond to create tailored, tax-effective, and financially sound Director Succession Plans that ensure your family stays in control.<\/p><p><strong>Don&#8217;t wait for a crisis to start planning.<\/strong> <a href=\"https:\/\/wilsonaccountinggroup.com.au\/contact\/\">Get in touch<\/a> with Wilson Accounting today to put a Director Succession Plan in place.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-648d63b2 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"648d63b2\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;,&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-3c13787e\" data-id=\"3c13787e\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-5cf08668 animated-fast elementor-invisible elementor-widget elementor-widget-heading\" data-id=\"5cf08668\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeIn&quot;,&quot;_animation_delay&quot;:50}\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Like it? Learn something else!<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-118dc2b0 animated-fast elementor-grid-3 elementor-grid-tablet-2 elementor-grid-mobile-1 elementor-invisible elementor-widget elementor-widget-loop-grid\" data-id=\"118dc2b0\" data-element_type=\"widget\" data-e-type=\"widget\" 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.elementor-widget-wrap > .elementor-motion-effects-container > .elementor-motion-effects-layer{background-color:var( --e-global-color-secondary );}.elementor-153 .elementor-element.elementor-element-a7df0a7 > .elementor-element-populated, .elementor-153 .elementor-element.elementor-element-a7df0a7 > .elementor-element-populated > .elementor-background-overlay, .elementor-153 .elementor-element.elementor-element-a7df0a7 > .elementor-background-slideshow{border-radius:0px 0px 40px 40px;}.elementor-153 .elementor-element.elementor-element-a7df0a7 > .elementor-element-populated{transition:background 0.3s, border 0.3s, border-radius 0.3s, box-shadow 0.3s;padding:40px 30px 40px 30px;}.elementor-153 .elementor-element.elementor-element-a7df0a7 > .elementor-element-populated > .elementor-background-overlay{transition:background 0.3s, border-radius 0.3s, opacity 0.3s;}.elementor-widget-heading .elementor-heading-title{font-family:var( --e-global-typography-primary-font-family ), Sans-serif;font-weight:var( --e-global-typography-primary-font-weight );color:var( --e-global-color-primary );}.elementor-153 .elementor-element.elementor-element-cc39307 .elementor-heading-title{font-family:\"Poppins\", Sans-serif;font-size:18px;font-weight:400;color:var( --e-global-color-b9fd23b );}.elementor-153 .elementor-element.elementor-element-3b47e88 .elementor-heading-title{color:var( --e-global-color-b9fd23b );}.elementor-153 .elementor-element.elementor-element-71e5707 .elementor-heading-title{font-family:\"Poppins\", Sans-serif;font-size:20px;font-weight:400;text-decoration:underline;color:var( --e-global-color-b9fd23b );}@media(max-width:767px){.elementor-153 .elementor-element.elementor-element-2209b38 img{width:100%;height:300px;}.elementor-153 .elementor-element.elementor-element-71e5707 .elementor-heading-title{font-size:18px;}}<\/style>\t\t<div data-elementor-type=\"loop-item\" data-elementor-id=\"153\" class=\"elementor elementor-153 e-loop-item e-loop-item-2477 post-2477 post type-post status-publish format-standard has-post-thumbnail hentry category-tax tag-legislation tag-tasa tag-tax tag-tax-agent tag-tpb\" data-elementor-post-type=\"elementor_library\" data-custom-edit-handle=\"1\">\n\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-492c876 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"492c876\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-9339094\" data-id=\"9339094\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-2209b38 elementor-widget elementor-widget-image\" data-id=\"2209b38\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"800\" height=\"534\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/yH5BAEAAAAALAAAAAABAAEAAAIBRAA7\" data-src=\"https:\/\/wilsonaccountinggroup.com.au\/wp-content\/uploads\/What-the-New-TASA-Legislation-Means-for-You\u2014Wilson-Accounting-1024x683.jpg\" class=\"attachment-large size-large wp-image-2478 lazyload\" alt=\"What the New TASA Legislation Means for You\u2014Wilson Accounting\" data-srcset=\"https:\/\/wilsonaccountinggroup.com.au\/wp-content\/uploads\/What-the-New-TASA-Legislation-Means-for-You\u2014Wilson-Accounting-1024x683.jpg 1024w, https:\/\/wilsonaccountinggroup.com.au\/wp-content\/uploads\/What-the-New-TASA-Legislation-Means-for-You\u2014Wilson-Accounting-300x200.jpg 300w, https:\/\/wilsonaccountinggroup.com.au\/wp-content\/uploads\/What-the-New-TASA-Legislation-Means-for-You\u2014Wilson-Accounting-768x512.jpg 768w, https:\/\/wilsonaccountinggroup.com.au\/wp-content\/uploads\/What-the-New-TASA-Legislation-Means-for-You\u2014Wilson-Accounting-1536x1024.jpg 1536w, https:\/\/wilsonaccountinggroup.com.au\/wp-content\/uploads\/What-the-New-TASA-Legislation-Means-for-You\u2014Wilson-Accounting-2048x1365.jpg 2048w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/><noscript><img loading=\"lazy\" decoding=\"async\" width=\"800\" height=\"534\" src=\"https:\/\/wilsonaccountinggroup.com.au\/wp-content\/uploads\/What-the-New-TASA-Legislation-Means-for-You\u2014Wilson-Accounting-1024x683.jpg\" class=\"attachment-large size-large wp-image-2478 lazyload\" alt=\"What the New TASA Legislation Means for You\u2014Wilson Accounting\" srcset=\"https:\/\/wilsonaccountinggroup.com.au\/wp-content\/uploads\/What-the-New-TASA-Legislation-Means-for-You\u2014Wilson-Accounting-1024x683.jpg 1024w, https:\/\/wilsonaccountinggroup.com.au\/wp-content\/uploads\/What-the-New-TASA-Legislation-Means-for-You\u2014Wilson-Accounting-300x200.jpg 300w, https:\/\/wilsonaccountinggroup.com.au\/wp-content\/uploads\/What-the-New-TASA-Legislation-Means-for-You\u2014Wilson-Accounting-768x512.jpg 768w, https:\/\/wilsonaccountinggroup.com.au\/wp-content\/uploads\/What-the-New-TASA-Legislation-Means-for-You\u2014Wilson-Accounting-1536x1024.jpg 1536w, https:\/\/wilsonaccountinggroup.com.au\/wp-content\/uploads\/What-the-New-TASA-Legislation-Means-for-You\u2014Wilson-Accounting-2048x1365.jpg 2048w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/><\/noscript>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-8ec08bb elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"8ec08bb\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-a7df0a7\" data-id=\"a7df0a7\" data-element_type=\"column\" data-e-type=\"column\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-cc39307 elementor-widget elementor-widget-heading\" data-id=\"cc39307\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<p class=\"elementor-heading-title elementor-size-default\"><span>Tax<\/span><\/p>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3b47e88 elementor-widget elementor-widget-heading\" data-id=\"3b47e88\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\"><a href=\"https:\/\/wilsonaccountinggroup.com.au\/what-the-new-tasa-legislation-means-for-you\">What the New TASA Legislation Means for You<\/a><\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-71e5707 elementor-widget elementor-widget-heading\" data-id=\"71e5707\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<p class=\"elementor-heading-title elementor-size-default\"><a href=\"https:\/\/wilsonaccountinggroup.com.au\/what-the-new-tasa-legislation-means-for-you\">Read more<\/a><\/p>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t\t\t<div data-elementor-type=\"loop-item\" data-elementor-id=\"153\" class=\"elementor elementor-153 e-loop-item e-loop-item-2415 post-2415 post type-post status-publish format-standard has-post-thumbnail hentry category-optimising-process tag-accounting-software tag-quickbooks tag-reporting tag-xero\" data-elementor-post-type=\"elementor_library\" data-custom-edit-handle=\"1\">\n\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-492c876 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"492c876\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-9339094\" data-id=\"9339094\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-2209b38 elementor-widget elementor-widget-image\" data-id=\"2209b38\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"800\" height=\"534\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/yH5BAEAAAAALAAAAAABAAEAAAIBRAA7\" data-src=\"https:\/\/wilsonaccountinggroup.com.au\/wp-content\/uploads\/iStock-2147554089-1-1024x683.jpg\" class=\"attachment-large size-large wp-image-2417 lazyload\" alt=\"Small business owner using xero accounting software in her home office to stay on top of finances.\" data-srcset=\"https:\/\/wilsonaccountinggroup.com.au\/wp-content\/uploads\/iStock-2147554089-1-1024x683.jpg 1024w, https:\/\/wilsonaccountinggroup.com.au\/wp-content\/uploads\/iStock-2147554089-1-300x200.jpg 300w, https:\/\/wilsonaccountinggroup.com.au\/wp-content\/uploads\/iStock-2147554089-1-768x512.jpg 768w, https:\/\/wilsonaccountinggroup.com.au\/wp-content\/uploads\/iStock-2147554089-1-1536x1024.jpg 1536w, https:\/\/wilsonaccountinggroup.com.au\/wp-content\/uploads\/iStock-2147554089-1-2048x1365.jpg 2048w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/><noscript><img loading=\"lazy\" decoding=\"async\" width=\"800\" height=\"534\" src=\"https:\/\/wilsonaccountinggroup.com.au\/wp-content\/uploads\/iStock-2147554089-1-1024x683.jpg\" class=\"attachment-large size-large wp-image-2417 lazyload\" alt=\"Small business owner using xero accounting software in her home office to stay on top of finances.\" srcset=\"https:\/\/wilsonaccountinggroup.com.au\/wp-content\/uploads\/iStock-2147554089-1-1024x683.jpg 1024w, https:\/\/wilsonaccountinggroup.com.au\/wp-content\/uploads\/iStock-2147554089-1-300x200.jpg 300w, https:\/\/wilsonaccountinggroup.com.au\/wp-content\/uploads\/iStock-2147554089-1-768x512.jpg 768w, https:\/\/wilsonaccountinggroup.com.au\/wp-content\/uploads\/iStock-2147554089-1-1536x1024.jpg 1536w, https:\/\/wilsonaccountinggroup.com.au\/wp-content\/uploads\/iStock-2147554089-1-2048x1365.jpg 2048w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/><\/noscript>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-8ec08bb elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"8ec08bb\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-a7df0a7\" data-id=\"a7df0a7\" data-element_type=\"column\" data-e-type=\"column\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-cc39307 elementor-widget elementor-widget-heading\" data-id=\"cc39307\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<p class=\"elementor-heading-title elementor-size-default\"><span>Optimising Process<\/span><\/p>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3b47e88 elementor-widget elementor-widget-heading\" data-id=\"3b47e88\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\"><a href=\"https:\/\/wilsonaccountinggroup.com.au\/xero-vs-quickbooks-accounting-software-for-growing-businesses\/\">Xero vs QuickBooks: Which Accounting Software Wins for Growing Businesses?<\/a><\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-71e5707 elementor-widget elementor-widget-heading\" data-id=\"71e5707\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<p class=\"elementor-heading-title elementor-size-default\"><a href=\"https:\/\/wilsonaccountinggroup.com.au\/xero-vs-quickbooks-accounting-software-for-growing-businesses\/\">Read more<\/a><\/p>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t\t\t<div data-elementor-type=\"loop-item\" data-elementor-id=\"153\" class=\"elementor elementor-153 e-loop-item e-loop-item-2276 post-2276 post type-post status-publish format-standard has-post-thumbnail hentry category-optimising-process tag-accounting tag-business-owner tag-business-tips tag-financial-metrics tag-sme\" data-elementor-post-type=\"elementor_library\" data-custom-edit-handle=\"1\">\n\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-492c876 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"492c876\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-9339094\" data-id=\"9339094\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-2209b38 elementor-widget elementor-widget-image\" data-id=\"2209b38\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"800\" height=\"534\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/yH5BAEAAAAALAAAAAABAAEAAAIBRAA7\" data-src=\"https:\/\/wilsonaccountinggroup.com.au\/wp-content\/uploads\/iStock-2156941188-1024x683.jpg\" class=\"attachment-large size-large wp-image-2277 lazyload\" alt=\"Learn key financial metrics like cash flow, profit margin, and CAC. Wilson Accounting helps small businesses grow with expert business advisory services.\" data-srcset=\"https:\/\/wilsonaccountinggroup.com.au\/wp-content\/uploads\/iStock-2156941188-1024x683.jpg 1024w, https:\/\/wilsonaccountinggroup.com.au\/wp-content\/uploads\/iStock-2156941188-300x200.jpg 300w, https:\/\/wilsonaccountinggroup.com.au\/wp-content\/uploads\/iStock-2156941188-768x512.jpg 768w, https:\/\/wilsonaccountinggroup.com.au\/wp-content\/uploads\/iStock-2156941188-1536x1024.jpg 1536w, https:\/\/wilsonaccountinggroup.com.au\/wp-content\/uploads\/iStock-2156941188-2048x1365.jpg 2048w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/><noscript><img loading=\"lazy\" decoding=\"async\" width=\"800\" height=\"534\" src=\"https:\/\/wilsonaccountinggroup.com.au\/wp-content\/uploads\/iStock-2156941188-1024x683.jpg\" class=\"attachment-large size-large wp-image-2277 lazyload\" alt=\"Learn key financial metrics like cash flow, profit margin, and CAC. Wilson Accounting helps small businesses grow with expert business advisory services.\" srcset=\"https:\/\/wilsonaccountinggroup.com.au\/wp-content\/uploads\/iStock-2156941188-1024x683.jpg 1024w, https:\/\/wilsonaccountinggroup.com.au\/wp-content\/uploads\/iStock-2156941188-300x200.jpg 300w, https:\/\/wilsonaccountinggroup.com.au\/wp-content\/uploads\/iStock-2156941188-768x512.jpg 768w, https:\/\/wilsonaccountinggroup.com.au\/wp-content\/uploads\/iStock-2156941188-1536x1024.jpg 1536w, https:\/\/wilsonaccountinggroup.com.au\/wp-content\/uploads\/iStock-2156941188-2048x1365.jpg 2048w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/><\/noscript>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-8ec08bb elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"8ec08bb\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-a7df0a7\" data-id=\"a7df0a7\" data-element_type=\"column\" data-e-type=\"column\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-cc39307 elementor-widget elementor-widget-heading\" data-id=\"cc39307\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<p class=\"elementor-heading-title elementor-size-default\"><span>Optimising Process<\/span><\/p>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3b47e88 elementor-widget elementor-widget-heading\" data-id=\"3b47e88\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\"><a href=\"https:\/\/wilsonaccountinggroup.com.au\/financial-metrics-every-business-owner-must-track\">The Financial Metrics Every Business Owner Must Track<\/a><\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-71e5707 elementor-widget elementor-widget-heading\" data-id=\"71e5707\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<p class=\"elementor-heading-title elementor-size-default\"><a href=\"https:\/\/wilsonaccountinggroup.com.au\/financial-metrics-every-business-owner-must-track\">Read more<\/a><\/p>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Back to blogs Share this article You&#8217;re the backbone of your business \u2014 managing operations, handling finances, and driving growth. But what if, unexpectedly, you became too ill to work? Or worse, what if you passed away? Without a Director Succession Plan, your family could face immense stress, and your business&#8217;s future could hang in [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":2043,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[32],"tags":[43,49,41,50],"class_list":["post-2036","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-optimising-process","tag-business-owner","tag-director","tag-sme","tag-succession-planning"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Why Your Business Needs a Director Succession Plan - Wilson Accounting<\/title>\n<meta name=\"description\" content=\"Here&#039;s what you need to know about Director Succession Planning and why it&#039;s particularly essential for family businesses.\" \/>\n<meta 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