You are here

tax return

Categorised under:

Catalogue: GRDC Factsheets
The checklist will help you get an appreciation of your current level of understanding of farm business management and identify areas you may want to focus on... There are references to recent GRDC Farm Business Management Fact Sheets to provide you with suggestions and guidance on improving your farm business management skills... 1. Strategy - setting direction and overseeing your business...
Related categories:
Catalogue: GRDC Factsheets
The checklist will help you get an appreciation of your current level of understanding of farm business management and identify areas you may want to focus on... There are references to recent GRDC Farm Business Management Fact Sheets to provide you with suggestions and guidance on improving your farm business management skills... 1. Strategy - setting direction and overseeing your business...
Related categories:
Catalogue: GRDC Factsheets
One of the few legal obligations on a farm business is to have an annual tax return completed, so by default, tax returns remain the number one financial record of a farm business... The main problems with tax returns is that they are completed using the Australian Taxation Office (ATO) guidelines and rules, and so do not provide a very good set of accounts needed to more effectively manage the business... If you wish to have the knowledge to do this vital business analysis and answer these questions yourself, or the confidence to ask these questions of your business advisors, the GRDC may have some answers for you...
Related categories:
Catalogue: GRDC Factsheets
One of the few legal obligations on a farm business is to have an annual tax return completed, so by default, tax returns remain the number one financial record of a farm business... The main problems with tax returns is that they are completed using the Australian Taxation Office (ATO) guidelines and rules, and so do not provide a very good set of accounts needed to more effectively manage the business... If you wish to have the knowledge to do this vital business analysis and answer these questions yourself, or the confidence to ask these questions of your business advisors, the GRDC may have some answers for you...
Related categories:
Catalogue: GRDC Factsheets
One of the few legal obligations on a farm business is to have an annual tax return completed, so by default, tax returns remain the number one financial record of a farm business... The main problems with tax returns is that they are completed using the Australian Taxation Office (ATO) guidelines and rules, and so do not provide a very good set of accounts needed to more effectively manage the business... If you wish to have the knowledge to do this vital business analysis and answer these questions yourself, or the confidence to ask these questions of your business advisors, the GRDC may have some answers for you...
Related categories:
Catalogue: Ground Cover
Money saved from the tax man may not be a reliable indicator of farm business performance... There is a chronic need for growers to increasingly lift their understanding of their business's financial performance... The annual tax return, while it is not the best source, is at least a start to better understanding how a business is performing...
Related categories:
Catalogue: Ground Cover
For Phil O'Callaghan, managing director at ORM, it illustrates why it is important for growers to understand clearly the difference between their taxable income and cash-flow surplus: "It's the business's annual cash-flow surplus, or lack thereof, that will impact on decisions about how and when to make discretionary allocations," he says... In other words: the important business decisions should be driven by tax planning... Personal tax returns for individuals are in addition to business taxable income and include income from wages and personal assets as well as deductible items such as farm management deposits (FMDs) and superannuation...
Related categories: