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Regional Tax Masterclass Part 2: Is it really business as usual? Tax planning issues

Published on 29 Jun 2020 | Took place at Online, National

Two years later, and both the farming operations and the new coffee shop have been successful, even though there hasn’t been much rain in the last few months.

They need your help with their tax planning including:

  • managing Div 7A
  • reincome smoothing
  • income averaging, farm management deposits, primary production concessions
  • year-end tax planning.

Individual sessions

Is it really business as usual? Tax planning issues

Author(s):  Judy Snell

This paper covers:

  • tax planning for primary production
  • primary production income and deductions
  • averaging
  • farm management deposits
  • capital allowance deductions
  • abnormal receipts
  • corporate beneficiaries – Div. 7A issues.
Materials from this session: