Latest / The AgriCoach Podcast by The Financial Bloke
#42: End of Financial Year Tax Planning Tips for Rural Producers with Ben Law
We all want to make a profit, but the bigger the profit, the bigger the tax bill. So, how much of your hard-earned cash do you need to give to the tax office?
In this episode, Ben will be discussing some useful tips and traps to avoid when preparing for the end of the financial year with your accountant.
Ben covers some essentials such as the massive difference between profit and cash flow, how to take advantage of a lean year, why banks hate ATO tax debts, and the importance of seeking advice on tax-deductible contributions to super. He also discusses how Farm Management Deposits (FMDs) can…
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