RSM Australia

Agribusiness Insights

Agribusinses Insights

Farm Management Deposits – Are they still an effective tax planning tool?

19 August 2019
The farm management deposits (FMD) scheme is designed to allow primary producers to manage their tax, enabling them to shift income from good to bad years. However, the FMD scheme has a number of limitations which mean that the scheme may not be a suitable tax planning strategy for all taxpayers.

How Is Your Budget Going?

19 August 2019
“Why bother to budget, it never goes to plan…”

Long term succession and estate planning

5 August 2019
Bill Beard covers the Do's and Don'ts of long term succession & estate planning. Below are some insights at a glance: Treating your children fairly does not necessarily mean equally Honest communication is crucial

Three tips to being a growth-ready farm

29 July 2019
With the steady consolidation of farms across Australia and the increasing pressure on efficiency, being growth-ready means formulating a strategy to suit your growth plans. Here are three tips to ensure you have a growth-ready farm.

Keep your succession plan on the right road!

28 July 2019
At the mention of the words “Succession Planning”, many different emotions may arise. For some, it can be a confusing and difficult time. For others, a more enjoyable experience, an opportunity to help the next generation grow and develop.

Single Touch Payroll - Ins & Outs for Employers

26 July 2019
The Single Touch Payroll (STP) compliance date is here. Whilst if you have over 20 employees you should already be reporting through STP, employers with less than 20 workers will need to start on 1 July 2019.

Big change for small business - Get ready for STP

16 April 2019
There are further compliance changes in the wind for businesses.  The Government is in the process of implementing a new reporting system which is focussed on streamlining payroll procedures.  This will impact on employer and employee alike.

Ways to use 'the cloud' in your business

16 April 2019
Clouds are generally a good thing for farming.  Whether that be the first hopeful signs of rain after long periods of drought or the relief at getting rain at just the right time, clouds are generally welcomed by the farming community. 

On-farm emergency water infrastructure rebate scheme for NSW

15 January 2019
In October 2018, Prime Minister Scott Morrison announced $50m to fund an on-farm emergency water infrastructure rebate scheme to provide financial help to primary producers in drought-affected regions.

Farm Management Deposit offset

13 November 2018
Coverage of the drought that has impacted much of the farming community in central and eastern Australia throughout 2018 and earlier years has been unprecedented.  National and international media have shared stories of farmers doing it tough, fighting to keep their livestock going when feed and water are scarce and for nearly all, massive fin

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