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Making BAS Simple for Agricultural Businesses


Why, how and what to look for if you want to make BAS simple in the agricultural Industry

In the agricultural industry a little planning can make things much easier at BAS time. Record keeping and accurate bookkeeping will make BAS preparation and lodgement flow smoothly, and the process will quickly become stress free.

BAS Quarterly Periods
The Quarterly BAS Periods and Lodgement Dates for 2018 are:
Quarter 3 January to March 2018 28 April 2018
Quarter 4 April to June 2018 28 July 2018
Quarter 1 July to September 2018 28 October 2018
Quarter 2 October to December 2018 28 February 2019

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Increase Your Efficiency with Cloud Accounting

Rapid advances in technology are now allowing businesses to enhance the speed and accuracy of record keeping and financial analysis – not only the cash in and cash out but payroll, superannuation, invoicing, contacts and more.

New requirements from the Tax Office for payroll and superannuation reporting for employees, mean cloud accounting is also an efficient and hassle free way to meet these requirements, and increase the efficiency of your bookkeeping at the same time.

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Be Prepared for Tax Time



What can you claim to reduce your tax?

Please take five minutes to read this blog and I will explain:

  • Deductions you can claim
  • The importance of a good tax accountant
  • Avoid the 'tax trap'
  • ATO links to more information about specific deductions
  • Murray Nankivell Tax Time Checklists

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The Four Types of Business Structure

How To Protect Your Assets And Limit Liabilities



What is the right Australian business structure for your business? Sole trader, company, trust or partnership? It is not an easy decision to make; the wrong choice could be costly and put your assets at risk. So taking the time to evaluate your choices and make the right one is well worth it in the long run.

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How does the 2018 Budget affect you?




Mr Scott Morrison, the Federal Treasurer, handed down his third Budget on 8 May 2018. Being an election budget there were a number of sweeteners below that may be of interest to you.


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Tax Planning - Are you prepared for June 30?

The financial year is fast coming to a close and it is time to consider your potential taxation position before 30 June. 

We provide tax planning strategies which incorporate a review of your performance for the current year to date and will estimate your position as at 30 June. Being informed of your tax position will enable you to implement tax effective strategies prior to the end of the financial year.

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Planning is Key to Agricultural Business Success


In this post we're going to explore some of the key strategies to planning for your agricultural business' success.Whether you're a small market garden growing vegetables or a large agriculture business exporting livestock, when it comes to growing a profitable and sustainable agriculture business planning is key to your success.

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New Phone Numbers for Murray Nankivell Offices


WE HAVE NEW PHONE NUMBERS FOLLOWING OUR MAIN OFFICES SWITCHING TO NBN

These changes also mean that voice communication will be more reliable if we also adopt these numbers across our visiting offices.

Please update your contact lists accordingly.

(08) 8752 8888 Bordertown, Coonalpyn, Kaniva, Keith, Kingston, Lameroo, Nhill, Tintinara
(08) 8765 7777 Naracoorte, Millicent, Penola, Robe
(08) 8535 5999 Murray Bridge, Meningie

We will talk to you soon!

What Truck Drivers Need To Know About Claiming Meal Expenses


How the guidelines have recently changed,
and how to claim without getting caught out
 

If you're a truck driver, you'll have heard that recently the ATO has made changes to the way you can claim meals. After working closely with those in the industry, the ATO has reinstated their previous meal-by-meal claims system. With so much change, it can be hard to keep track of exactly what you can claim, and for how much. That's why we've put it all together to help you keep track.

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12 Tips on Reducing Your Tax in Farming


Working farms and agricultural properties, like all businesses, have unique tax deductible expenses when it comes to both the running of the property and capital gains tax (CGT). The below lists some of the more common ATO deductions for farms and agricultural properties. You may not have considered that some of the money that you spend on running your farm is completely tax deductible! Here are some examples of farming deductions:

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