Agribusiness Insights
Even for seasoned business owners, accounting missteps can create unnecessary roadblocks to growth and efficiency. From cash flow management to tax compliance, overlooking the details can lead to lost opportunities and financial strain. Here’s a closer look at common pitfalls and how to stay ahead of them.
With the global agricultural blockchain market set to reach over USD 21.46 billion by 2033, this technology is making waves in traceability, sustainability, and financial management—all areas that can add value and efficiency to your operation.
Here’s a breakdown of how blockchain might benefit your business and why it’s worth your attention.
Everything you need to know about the estate planning process or updating your estate plan.
Discover why integrating Environmental, Social, and Governance (ESG) factors is essential for Australian agribusinesses. Learn how grain farmers in Esperance can turn ESG compliance into a competitive advantage, improve sustainability, and build stronger market connections. Explore practical tips for better governance, resource management, and social responsibility to future-proof your farm. Read more at Smith Shearer.
Learn how investing in farm safety can protect your team and maximise tax savings this harvest season. From first aid training to machinery maintenance, discover key tax-deductible safety measures and smart strategies for managing seasonal staff.
Discover how a phased approach to farm succession planning can ease the transition between generations, allowing families to maintain stability and develop the skills needed for long-term success. Learn how to gradually pass on responsibilities while securing the future of your family farm.
With the new Fair Work Legislation Amendment (Closing Loopholes No. 2) Act 2024 coming into effect, agribusinesses, particularly those without dedicated HR professionals, must navigate significant changes in industrial laws. These include a new definition of casual employment, the right for employees to disconnect outside work hours, and the potential for increased labour costs and compliance obligations. To stay compliant, it's essential for agribusiness owners to seek expert advice, update payroll systems, and adopt strategic budgeting practices to manage the financial implications of these reforms
Protect your SME or agribusiness in Esperance with essential asset protection strategies. Learn how to safeguard your assets from risks like creditor claims, lawsuits, and financial challenges. Ensure long-term stability and success by understanding legal compliance, customer trust, and the balance between tax efficiency and asset protection.
Your business may be able to receive a bonus 20% tax deduction for certain types of expenditure that support electrification and more efficient use of energy. To be eligible, you must have purchased and eligible asset or made an eligible upgrade of an asset in the period 1 July 2023 to 30 June 2024.
Explore the impacts of the live sheep export phase-out in Western Australia, including threats to farmer livelihoods, potential job losses, and broader economic consequences for the agriculture industry.
Discover the key superannuation changes from the 2024-25 Federal Budget, including new taxes on large balances, updates to Paid Parental Leave, enhanced fraud detection, and changes to contribution caps. Learn how these measures impact both individuals and businesses.
The extension of the instant asset write-off for another year provides eligible small business owners with the opportunity to claim immediate deductions for assets costing less than $20,000. This initiative, aimed at businesses with an aggregated turnover of less than $10 million, requires that qualifying purchases be installed and ready for use between July 1, 2024, and June 30, 2025. The $20,000 threshold applies on a per asset basis, allowing multiple write-offs.