Profitable Farmer

Episode 98 - Average business decisions at tax time

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Sinopse

Let me be straight for a moment.   Many of us are making tax ‘minimisation’ decisions at tax time that constrict our growth.   Many of us are expecting more of our Accountants than they are equipped to offer.   Finally, many of us do not have the people around us that can truly support our professional and business advancement.   These three things, especially at tax time, can be costing us a fortune.   In this episode, I welcome farm finance specialist Jeff McDonald, Executive Director at RLS Agribusiness, back to the show. I also speak with two FOA Platinum Mastermind graduates and leading farm financial controllers, Emma Strong and Mel Crockett. They share how investing in their financial development has forever changed their farm business performance.   In this important conversation, we explore:   how Super, FMD’s and spending money at tax time can, in fact, impede your progress; how to turning a profit and paying tax is a good thing (that should be celebrated); how as farm owners, WE need to TAKE RESPON