Farm succession planning is an important process for ensuring the long-term sustainability and financial security of a farm and its family.

Have you ever wondered how some people manage to keep bouncing back from adverse events? How they just keep on keeping on no matter what gets in their way?

With the current land prices we are finding that there is a significant and increasing disparity between original cost bases and current values. What are you doing to understand this situation?

If you run a business, the chances are, you would have created invoices. This can be a time-consuming activity, however with the advances of electronic invoicing (e-Invoicing), the task can be much more efficient.

The ATO has released its final position on how it will apply some integrity rules dealing with trust distributions – changing the goal posts for trusts distributing to adult children, corporate beneficiaries, and entities with losses. As a result, many family groups will pay higher taxes because of the ATO’s more aggressive approach.

A Farm Management Deposit (FMD) is tool to help primary producers deal with uneven profit and is a bank account similar to a term deposit, but what happens when you cease to be a primary producer?

Everyone knows you don’t pay tax on your family home when you sell it…right?

How many horror stories have you heard about farming families getting torn apart when the farm-owner dies?

Self-managed super funds (SMSFs) are required to prepare and implement an investment strategy to help meet their investment and retirement goals.

While it might not seem important at the time, the choice of purchasing entity is critical.

As with most financial decisions, there is not a one-size-fits-all approach – no two people are the same, so there’s no straight answer to this question.