Articles

2024-25 Federal Government Budget

15 May 2024By Pete Debus An understanding of the 2024-25 Federal Government budget can be found by reading: The Australian Financial Review 19-page budget lift out, “Federal Budget 2024–25 Report” prepared by the Tax Institute “Federal Budget Summary 2024-25” prepared by the Australian Institute of…

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“Family businesses can be extraordinary ….. with good governance”.

17 March 2024Pete Debus A recent article titled Family Affairs in this month’s Company Director magazine1 highlights research undertaken by Adelaide University as to the significant socio-economic contribution of family enterprises in Australia. Family businesses account for 70% of all Australian businesses, employing half of…

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“Business cycles & exit”

27 February 2024 by Pete Debus We talk to farmers about the “Toyota windscreen” model: Be clear about your destination, where you wish to get to, the GPS. The rear-view mirror is important as is provides wisdom, experience, knowledge and hopefully lessons learned; but we…

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Figured Leaders in Agri Finance Summit – Auckland

28 February 2024 by Sarah Nash Last week farm financial management software company Figured hosted a two day “Figured Leaders in Agri Finance Summit” in Auckland, New Zealand. Pete, Nicolette and Sarah were invited to attend, with Pete participating in a panel discussion on where…

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“Why 2023 was a year of living taxingly”

02 January 2024 by Kati Gheidar Ongoing economic uncertainty created by global events continued into 2023, fuelled by persistently high inflation, repeated interest rate hikes, tight labour markets and geopolitical shocks. These and other factors have compounded cost of living pressures.  Small and medium enterprises …

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“Changes to the Stage 3 tax cuts”

28 January 2024 Pete Debus The Stage 3 tax cuts, including stage 1 and stage 2 which were part of a packaged legislated in 2019 to address “bracket creep”. Both parties voted for the legislation and indicated that they would not change it in the…

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“The Stage 3 tax cuts – Where do the wealthy go?”

28 January 2024 Pete Debus Paul Kelly in The Weekend Australian 27-28 January 2024 reports that “the bottom 40% of Australians pay no net tax. The top 10% of taxpayers will now pay about 47% of all income tax revenue. The top 5% of taxpayer…

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“What is management accounting?”

15 January 2024 By Pete Debus When choosing an accountant to support you and your family business, what are you seeking?  What is their role?  What is their purpose? Do you require a tax accountant, a financial accountant, or a management accountant? Up front, we…

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Taxwise Business New – November 2023

WHAT’S NEW IN PARLIAMENT? Small business instant asset write-off For more than 20 years, small business entities have been able to immediately write-off the full cost of depreciating assets so long as the cost of the asset is less than the relevant threshold. The threshold…

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Compulsory Sheep eID Tags Usher in a New Age of Livestock Management

The $38.6m package announced by both state and federal governments for the rollout of the electronic identification (eID) tags for sheep and goats has sparked mixed reactions across the agricultural community. While this technological advancement may seem like just another expense further challenging our farmers…

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