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07-Sep-2018

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A reflection on farming in recent times

It has been said that “farmers are the only ones in our economy who buy everything at retail, sell everything at wholesale and pay the freight both ways”…

06-Sep-2018

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Emergency Drought Relief – some practical tips

Welcomed by many, criticised by others, the reality is that some government relief is available for many of our farmers affected by drought. Many ag providers, including YBM, are offering face-to-face assistance with claims, so be sure to access this if you need it.

06-Aug-2018

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Are you eligible for a Drought Transport Subsidy?

Applications are now open for Drought Transport Subsidies and YBM would love to help you.

19-Jul-2018

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What you can and cant claim at tax time?

Are you looking for a new accountant? Are you wanting to understand what you can and can't claim?

19-Jul-2018

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Can you claim motor vehicle deductions?

Do you know if you're eligible to claim motor vehicle deductions in your income tax return? Kel Lech from our office steps you through the requirements to be able to claim this deduction.

23-Apr-2018 YBM

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RAA Reimbursements for YBM Farm Business Advice

In an effort to provide assistance to our farming clients, YBM have recently been in touch with RAA. Excitingly, we have found some subsidies available for business advice. Yes, subsidies, not just low interest loans!

06-Mar-2018

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$20,000 Instant Asset Write-Off Scheduled to Cease

Small businesses have until 30 June 2018 to utilise the instant asset write-off threshold of $20,000. The threshold, which has applied from 12 May 2015, is scheduled to reduce to $1,000 from 1 July 2018.

06-Mar-2018

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Rental Property Owners Lose Some Deductions

The “housing tax integrity” bill solidifies the government’s intention to deny all travel deductions relating to inspecting, maintaining, or collecting rent for a residential investment property. As well, second-hand plant and equipment that came with an investment property are now off the table as far as depreciation goes.

25-Oct-2017

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Second Bathurst Agribusiness Networking Event

Come and join us at this free event to meet with agribusiness professionals and farmers from Bathurst and District.

03-Oct-2017 BDO Australia

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Are you ready for Single Touch Payroll Reporting (STPR)?

This new Government initiative is designed to streamline business reporting obligations and will change the way employers report their tax and superannuation.

09-Aug-2017

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9 tax deductions you probably can't claim

Yes, there are some odd tax deductions available (handbags, anyone?) However, there are also a lot of myths and mistaken beliefs about what you can actually claim as deductions against your income.

12-Jul-2017

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What did I miss? 1 July changes

The new financial year typically brings a number of important changes for business, individuals and the economy as a whole. Below is a summary of the key things to remember from 1 July 2017:

10-Mar-2017

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Self Managed Super Fund Update Seminar

Do you understand the impact the new Super Legislation will have on your Superannuation Fund from 1 July 2017?

22-Feb-2017 ESS BASIP

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Debtors’ Days Outstanding “Silent Killer of Modern Business”

Australia is lagging the rest of the world in terms of late payments described as the “silent killer of modern business” by the Australian government’s Small Business Ombudsman, Kate Carnell late last year. (Australian Financial Review Article).

16-Jan-2017 Aspect Buyer's Agency

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Investment Strategy or Investment Product?

What’s the difference and why does it matter?

19-Sep-2016

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Bathurst Agribusiness Networking Event

Come and join us at this free event to meet with agribusiness professionals and farmers from Bathurst and District.

12-Sep-2016

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Superannuation - the Gender Gap is closing

The gap between men’s and women’s superannuation levels is closing, according to a new report released last week by the Australian Bureau of Statistics (ABS). But there is still some way to go.

11-Aug-2016

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Gumboots. Akubra. Tax Status?

Hobby farming is a lifestyle choice that has been around for years and looks like an option that, if anything, is on the increase.

And while it can be easy to poke fun at the success or otherwise of the average hobby farmer (like the old joke about their skills at growing blackberries and rabbits), for many the choice to embrace the rural idyll leads to a thirst for information about the taxation realities of owning a small country property.

11-Jul-2016

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Start the New Financial Year by building a Budget

A new financial year is like springtime for your business. Full of opportunities to breathe new life into existing processes and ways of thinking. We love this time of the year for new resolutions. Much better than in January when you’re battling post summer holiday blues.

29-May-2015

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Budgets, Just part of your Plan

Knowing what road to take is just the first step in building your business

10-Feb-2015 Vend

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How to Collect Data in Your Store and Four Ways to Use It

Retail stores have long been collecting basic details (i.e. name and email) on their customers. Now, with the help of some nifty retail cloud solutions, it’s possible to collect so much more.