20 Apr 2022, 2:31 PM

The ATO have recently begun reviewing new legislation regarding a trustee’s ability to distribute trust income across family members with lower tax rates. We initially discussed these rulings with you in our blog post on 28th March. Since then, the ATO have received a significant amount of feedback from Accountants across Australia in regard to a trust operator’s tax planning.

12 Apr 2022, 3:31 PM

The Australian Federal Budget 2022 was delivered on 29 March 2022 by the Federal Treasurer Josh Frydenberg. See our breakdown of the tax measures impacting small business in Australia.

5 Apr 2022, 2:47 PM

Western Australian farmers and agribusinesses have responded to the 2022-23 budget with mixed reactions. While there’s support for growers looking at carbon and biodiversity, many are questioning the government’s commitment to freight corridors, input supply chains and biosecurity.

28 Mar 2022, 4:48 PM

It’s the final week of March, and the outlook for grain producers across the region continues to be one of promise as speculation of continued increases to wheat prices continue. While the Ukraine-Russia conflict looks to impact grain exports from the region across the longer term, there is now also murmurs of major problems with China’s winter crops. Although China produces on average 5.5 times the amount of wheat Australia does, to meet their consumption demand, they are willing buyers of Australian wheat. This bodes well for the continued demand for our wheat for the remainder of 2022 and into 2023.

24 Mar 2022, 1:14 PM

With fertiliser prices reaching never-before-seen highs, and the cost of fuel soaring, it’s no wonder many farming businesses across the region are concerned about immediate cashflow in the lead-up to seeding.

23 Mar 2022, 7:20 PM

Agribusiness investment confidence has surged in the wake of a record grain harvest, but sky-rocketing input costs, including fuel, fertiliser and chemicals, have meant the cost of production is set to soar in 2022 and many farmers are facing immediate cash flow problems.

15 Mar 2022, 4:09 PM

As you are likely aware, CBH have responded to an increase in demand across global markets by providing an additional 540,000 tonnes of capacity at their Esperance, Albany and Geraldton ports. Where able, WA growers have responded to CBH’s request for assistance in its outloading program. With shipping capacity offered by CBH slowly increasing, it is hoped it will allow the co-operative to capitalise on potential market values as a result of the situation in Ukraine.

8 Mar 2022, 1:07 PM

Thirty percent of the world’s wheat exports have been cut off from the global market as a result of the war in Ukraine. In Australia, the wheat market has moved to its highest levels since 2008, with only seven days since then when the $A daily close was higher. It’s a terrible time for those caught up in the conflict, but it marks an opportunity for Australia to move back into its previous position as the dominant supplier for South East Asian markets.

8 Mar 2022, 12:28 PM

It’s the start of the end of yet another financial year. For farming businesses and small businesses across Western Australia, this year has presented a number of both triumphs and challenges. That’s why it’s vital to begin thinking about strategies which can be implemented to reduce taxable income for year ending 30 June 2022.

1 Mar 2022, 1:48 PM

“First and foremost, when we talk about Ukraine, our hearts and thoughts and prayers go out to the Ukrainian people, and in particular the Ukrainian farmers who at the end of the day are family farmers exactly like we have here in Australia.” – Brett Hoskin, chair of Grain Growers Australia

23 Feb 2022, 10:56 AM

Cheryl says, I grew up in Ravensthorpe. It was – and still is – a small town, which is what I love most about it. Everyone has a sense of being in it together, and the community spirit is strong.

23 Feb 2022, 10:32 AM

With the hard border set to come down on 3 March, many business owners are experiencing mixed feelings. Considering we've been relatively sheltered from the lockdowns and mandates, and the virus itself for the past couple of years, it's normal to feel uncertain. While we know what reasonable steps we can take to protect ourselves and families from becoming unwell, it can be difficult to know what steps to take to protect your business.