Agribusiness Insights
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.
Elevate Farm Profitability with Natural Capital: Explore sustainable practices and research findings for eco-friendly, high-profit farming in Australia
Discover the latest developments post-2022-23 Federal Budget as the Technology Investment Boost and Skills and Training Boost clear parliamentary hurdles. Unveiling a significant opportunity for businesses with under $50 million turnover, this blog unveils the 120% tax deduction for technology and skills expenses. Get ready to maximise these advantages with essential insights provided here
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
Impressively, the sales of sustainably certified grain by CBH increased by 40% to 1.7 million tonnes in the 2022 financial year.
This article discusses the Australian Taxation Office's updated guidelines on how to differentiate between employees and independent contractors, and the impact of these changes from a tax accounting perspective. Learn about the new approach, the factors that will be assessed, and what employers can do to ensure compliance with the legislation.
Learn how grain sales and marketing can impact your tax position and cash flow, and the importance of tax planning in maximising your profits. Understand the tax implications of different grain marketing options such as cash contracts, pools, swaps, and futures, and get expert guidance on how to navigate them.
Farming is a way of life that is passed down from generation to generation. For many farming families across the Esperance region and beyond, the family farm is not just a source of income, but a source of pride, heritage, and family values.
Investment into Artificial Intelligence (AI) technology can form an important part of annual tax planning for farming businesses. So, what tax deductions are available for farmers looking to invest in AI tools and training?
The ATO will be ramping up their audit activity this year, here’s why you should consider audit shield cover