To achieve a level of comfort around accepting the financial position imposed by any proposed plan, farm successors need to know exactly how addressing the identified wants of an exiting generation will impact their future viability.
Carrick Aland’s own tax team is comprised of many local farmers who know firsthand that the devil is in the detail when it comes to getting your tax right. If you’re an employee in the agriculture industry it pays to learn what you can claim at tax time.
Nominate a farmer for the prestigious Farmer of the Year Award! Farmers across the country are encouraged to nominate in the Kondinin Group and ABC Rural 2020 Australian Farmer of the Year Awards.
The ATO is expected to adopt a ‘benign approach’ to PAYG instalment variations in the wake of recent disasters. Business and farm operators should seek assistance to talk with us about where your profit is year to date and what options you may have to vary instalments.
The Government announced changes to the Drought loan scheme. The biggest change is the enhancement of Drought loan terms to offer 2 years interest free, 3 years interest only and 5 years principal and interest. Loans are for amounts of up to $2 million.
Impacted farmers in an additional 11 local government areas across Southern and Eastern Queensland will now have access to grants of up to $75,000 to assist with their bushfire recovery.