Discover effective strategies for agribusiness and business tax planning with our essential guide on interim financial statements. Ensure timely and informed decisions to optimise your taxation position for the 2024 financial year.
Unlock farm profitability in 2024 with Mel's strategic insights! From financial forecasting to embracing technology, navigate market challenges for sustainable success. Connect with Mel for personalised guidance on maximising your farm's potential
Dive into the festive spirit with our latest newsletter! Explore Christmas vibes at WA farms, witness Ukraine's resilience in grain shipments, learn about canola challenges, discover simplified IPM strategies, and stay updated on the $12.2 million investment in Esperance Port roads. It's a harvest of stories from local fields to global resilience
The RBA's recent interest rate increase is affecting grain farmers in Australia and worldwide. Local farmers face higher borrowing costs and increased expenses for on-farm grain storage, while globally, rising interest rates disrupt market prices and currency exchange rates. Although some local farmers are well-prepared, the long-term outlook suggests ongoing challenges for the industry. This article highlights the significant impact of economic policies on agriculture.
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.
In this blog post, we explore the newly introduced Small Business Technology Investment Boost and Small Business Skills and Training Boost, which provide small business owners with additional deductions on their tax returns. Discover how you can leverage these boosts to maximise your business's tax benefits while embracing digital innovation and investing in employee training. From understanding the eligibility criteria to tips on claiming the deductions and staying updated with Super Guarantee requirements, this post equips you with the knowledge to optimise your business tax return and propel your small business towards success.
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
Delays in machinery deliveries are causing challenges for the full expensing tax incentive. Learn how customs and quarantine processes are hindering transport to Western Australia, potentially impacting farmers' eligibility. Stay informed as the National Farmers Federation advocates for a grace period, and seek updates from relevant authorities. Don't hesitate to reach out for more information about your tax obligations.