- Self Managed Super FundsHave you considered SMSF to help you purchase your own business premises? Glenn takes you through how this strategy works for businesses.
- Succession PlanningDo you understand what succession planning is? In this short video, Glenn clarifies what is involved and the benefits for your business.
- 2022/23 Federal Budget – HighlightsAfter the budget earlier this week, below we share some highlights: Personal income tax changes The Government has announced a once-off $420 ‘cost of living tax offset’ for the 2022 income year, which will be provided in the form of an increase to the existing LMITO. This will increase the maximum LMITO benefit to $1,500…
- Tax Planning for 2021-22 & Beyond: Why, When & How to Implement Tax Planning StrategiesTax planning takes advantage of lawful and strategic ways to minimise tax liabilities this financial year and in future years. While it may minimise taxes in any given financial year, tax planning works best when used as part of a long-term financial strategy. This post will outline some tax planning considerations for businesses and individuals…
- Sharp Accounting News: March 2022In our latest News Update, we talk about interest rates, what you might expect in the upcoming federal and state budgets as well as reminders about the upcoming changes in regard to superannuation. When did you last review your insurance? We talk about the importance of having the right cover. With inflation rising we talk…
- The Benefits of Better Cash Flow ManagementUnderstanding cash flow management can help you overcome growing pains, reduce the stress of running a business, and deploy cash resources in a way that’s efficient and strategic. But for many businesses, cash flow management isn’t seen as a high priority. In this post, we’ll outline the purpose and benefits of better cash flow and…
- Predicting a More Profitable Future for Australia’s Agribusinesses: Farm Tax Tips From Sharp AccountingWith good weather and record prices prevailing in 2021, it was a strong year for agribusiness. The Australian Bureau of Agricultural and Resource Economics and Sciences suggests that the boom will continue through 2021-22. In fact, the bureau predicts that Australia’s agricultural industry will reach a record-breaking $81 billion this financial year – more than…
- Sharp Accounting News February 2022In our News Update this month, we talk about RAT tests now being tax-deductible for businesses, and for individuals when required for work. We remind you to start tax planning sooner rather and why you should start now. For the farming industry, don’t forget the AgMove program has been extended and could be a great…
- Livestock selling planDavid explains why your farm business needs to have a livestock selling plan as we approach the end of the financial year, in this short video.
- Instant Asset Write Off – Farming Industry
- On Farm ImprovementsDavid explains the importance of looking at the long term productivity of your farm to improve efficiencies in the business as costs continue to rise.
- Review Optimal Structure – Farming IndustryIn this short video, David explains why you should review your farm business’ structure, when you’re also reviewing from a tax planning perspective.