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Changes to tax legislation mean that travel to and from residential rental properties no longer apply; an amendment which came into effect on 1 July 2017. 

As it's been commonplace for owners to claim for this type of expenditure, it will now need to be of consideration for investors lodging tax returns for 2017/2018 to ensure that figures are calculated correctly.

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Farm Land prices are fetching record prices recently. Many farming asset holders have acquired land through succession or other forms of acquisition for a cost base which is significantly lower than the current values. In these instances there are often significant unrealised capital gains that can be triggered in the event of transfer or sale.

  • Are you aware of the implications if this were to occur in your situation?
  • What tax would be payable; $10,000, $50,000, $100,000, more?
  • Does stamp duty apply on top of this and are there exemptions available?
  • Under what conditions can stamp duty exemptions be applied?
  • What methods are available to minimise or mitigate the tax implications?
  • How will a change in Government affect this situation?
  • Could I plan for this event to mitigate the risks of capital gains tax crystallising?
  • What if I transfer? What if I sell?
  • Do I properly understand our asset holding structure?

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When you're a busy truck driver with your own business, it's often difficult to find a spare moment to even think about tax affairs, which is why it can feel like such a burden when it finally comes around.

To avoid feeling like this, there are small things you can do to keep tax matters simple, even if you're spending many nights away from home with limited or no access to the internet or a computer. To get the ball rolling, here are some of the concerns that Australian Truck Drivers may have, along with our suggestions to make tax time a breeze. 
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Subject to what your farm grows and the time of year your crops need to be harvested - employing temporary immigrant or seasonal workers for fruit picking or other seasonal farm work can be extremely beneficial for everyone involved.

That said, below are some key tips to consider and take into account before hiring temporary seasonal workers for your fruit-picking season.

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AFR Top 100 Accounting Firms


You are the reason we are in the 2018 "Financial Review Top 100 Accounting Firms"

Murray Nankivell are proud to make the list again this year. Our merger with Mencel Business Services helped to maintain a 'mid-pack' footing.

We continually strive to provide high quality services to the local community and pride ourselves in knowing what is important to our clients.

By combining local knowledge with our accounting and financial planning expertise, we get the job done, for you.

Unless you've been living under a rock, it's impossible to have missed the pins in fruit scare, which has severely impacted the strawberry farming industry. While social media initially fueled the Nation's fear due to fake images of pins in strawberries being posted, the Internet is now alive with people showing their support for affected farmers.

This cruel sabotage comes during one of the toughest periods for drought affected farmers, with Strawberry farmers now subject to a national crisis with every State affected and multiple incidents reported across Australia.

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Retirement Planning for Aussie Farmers

Mention the word 'retirement' to almost any Aussie farmer and chances are you'll get that same silent piercing stare like Clint Eastwood, that says "I'll never retire"

Of course the reality for farmers and each and every one of us irrespective of our profession is starkly different.

We all have to plan and face retirement. This is a good thing that we all should be looking forward to, not afraid of.

However for many farmers succession and planning for their retirement is quite confronting.  

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Photo: A Grade award winners - Matilda Parry (Coaches Award), Ally Wendelborn (B&F) and Jess Wiese (B&F Runner Up)

Murray Nankivell is particularly proud of our team member Ally Wendelborn - taking out the 2018 A Grade Best & Fairest Netball Award at Mundulla.  Murray Nankivell, like the Mundulla Netball Club, is fortunate to have Ally Wendelborn in our team, knocking out great performances week after week. Well done Ally!


Keeping up with ever-growing demand is vital for the future success of the agricultural industry. Population is growing and its impact on farmers is one of the most important considerations to be made. Our country's growth alone is already ahead of predictions by more than 30 years. To ensure sustainability of future supply there can be many approaches that can be considered including investing in new technology through to successfully managing succession of family owned farms. 

It was predicted in 1998 that Australia would reach around 23.5 million people by 2051, yet in 2018 we've already reached 25 million and are growing at an unprecedented rate.

How does this impending evolution of society impact agriculture? What role does agriculture play in feeding Australia and how will it maintain exports while also meeting the growing demand of its domestic markets?

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Managing People as a Business Grows - Importance of Communication

Why, how and what to do when managing people as your business grows

Managing people and keeping up the motivation for yourself and your team as your business grows can be a complicated, exciting and daunting process.

While the increased cash flow and growth is great, it can also mean many organisation and managerial changes, which you need to be ready for.

However learning and planning to manage people as your business grows doesn't mean it has to be hard.

At the end of the day – the evolution of your company or business is directly linked to the professional growth of your team members, your systems, marketing and satisfaction of your customers.

When you're able to manage and communicate with people effectively, your business or company will reap the benefits and continue to evolve.

So how do you handle managing team members along with the growth of your business?

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Succession Planning
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