A new survey has found mid-market operators are having to juggle as many as five different business management tools, causing efficiency, productivity loss and greater security risks.

MYOB’s latest survey of over 1000 Australian and New Zealand mid-market business operators (that’s businesses with 20-500 full-time employees or equivalent) shows that it’s not only smaller ventures that are facing challenges resulting from rapid digitisation in recent years.

Ensuring you’ve structured your finances tax-effectively is always a concern, but with new tax rules for super on the horizon, many people with large balances are considering alternative vehicles to save for retirement.

Unsurprisingly, this has sparked a renewed interest in an old favourite – trusts.

Trusts have always been popular in Australia, with the government’s Tax Avoidance Taskforce (Trusts) estimating more than one million were in place in 2022.