Insights

Single touch payroll will change the way businesses report salary/wages, PAYG withholding and superannuation information to the Australian Taxation Office. What is Single touch payroll and how big is the change?

Single Touch Payroll is the ATO's latest compliance regulation that requires your employer to send employee payroll information to the ATO at the same time as they process a standard pay runs instead of at the end of financial year.

Come 1 July 2019, it is likely that there will be higher interest rates, shorter loan terms and larger repayments being mandatory on all loans.

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.

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.

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.

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.

THANK YOU TO ALL OF OUR CLIENTS! You are the reason we are in the 2018 "Financial Review Top 100 Accounting Firms"

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.

Murray Nankivell is particularly proud of our team member Ally Wendelborn – taking out the 2018 A Grade Best & Fairest Netball Award at Mundulla.

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.

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.