Delve into the fiscal changes of 2024 as we explore the impact of rising interest rates on Division 7A loans. Learn how these changes affect bank covenants and discover strategies for tax planning. Explore options like dividends, debt-to-equity conversions, and fund procurement, but remember to consult experts for personalised guidance.
This article highlights concerns about the implementation of the Aboriginal Cultural Heritage Act in the Esperance region. It emphasizes the need for a comprehensive framework that addresses practical and philosophical aspects. The lack of stakeholder engagement and clarity regarding Aboriginal cultural heritage on privately owned land are major issues. The article questions the state government's efforts to include the voices of those affected by the regulations. It also discusses the need for increased funding for First Nations groups managing cultural heritage issues. Ultimately, the article raises questions about the future direction and compliance capacity, urging the state government to address these challenges and guide agribusinesses and family farmers in protecting Aboriginal cultural heritage.
In this week's issue of Cheryl+Ned, we explore several key developments and challenges in the agriculture industry. Firstly, we discuss the significant growth of Farm Management Deposits (FMDs), driven by positive business conditions and the rising interest-rate environment. Farmers are leveraging FMDs for tax planning and financial stability, while also benefiting from the growing interest in term deposits. Additionally, we delve into effective capital management strategies amidst rising interest rates, including alternative cash boost measures and government support such as Research and Development (R&D) Tax incentives. The article also highlights the implications of the natural gas shutdown in Esperance, which is impacting local agribusinesses. On a positive note, we celebrate the record-breaking grain trade experienced by Southern Ports, indicating ongoing market conditions and growth opportunities for growers. Lastly, we emphasize the importance of being cautious of tax scammers d
The ATO has now released Draft Taxation Ruling TR 2022/D1 Income Tax: Section 100A Reimbursement Agreements. If you operate within a trust structure, it’s vital you know about this ruling. While it’s complex information, we will try to break it down for you as much as possible. Read on…
It may seem as though there's a lot of information out there for small business owners in relation to COVID-19, but it's difficult to find specific guidance for agribusiness. We've put together a concise list of six key strategies that are relevant to those in the farming and agriculture industries.