Agribusiness Insights
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.
Discover insights on farm succession planning from the CommBank Annual Breakfast event at 'Farm World' in Victoria. Learn why proactive planning with experienced advisors is crucial for farming families across Australia, and gain valuable advice on navigating the complexities of succession. Start your succession journey early with guidance from experts like Director Gavin Smith to secure your family legacy.
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
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.
Elevate Farm Profitability with Natural Capital: Explore sustainable practices and research findings for eco-friendly, high-profit farming in Australia