Skip to main content
shopping_cart

Your shopping cart is empty

2020 Agribusiness Intensive

Thursday, 2 April 2020 - 8:45 PM to
Friday, 3 April 2020 - 5:00 PM
Stamford Plaza Brisbane 39 Edward St, Brisbane, QLD Australia
Event Coordinator: MegHely@taxinstitute.com.au
     

Registration Time: 08:15:00 AM

Member Price: $1,385.00

Non Member Price: $1,775.00

CPD hours:13.00

2020 Agribusiness Intensive - Demanding Times

The devastating drought has impacted a number of primary producer families to such an extent that they are in “survival mode” clinging on to their business, land and health. Consequently some primary producers are; reducing livestock numbers to their core breeding herd; completely destocking to protect the land and very scarce capital; not taking a risk on planting after two impossible cropping seasons; scaling back intensive livestock operations (piggeries, poultry and cattle feedlots) due to the oppressive cost of imported feed from other States; seeking financial support from the Government; looking at alternative income sources, such as the sale of timber or off-farm employment; and a significant number of dairy farmers are going out of business. By comparison many primary producers are weathering the drought and continuing to carry on their commercial activities.

The program for the 2020 Agribusiness Intensive is populated with sessions specifically targeted towards the key tax issues arising from ongoing primary production business transactions. There is a specific focus on how tax and other support measures may ameliorate the challenges faced by those primary producer families in “survival mode” and put them on the path to being viable again. The 2020 program includes:

  • A comprehensive review of the agribusiness economic outlook including commodity price projections.
  • Reviewing the range of issues that need to be considered in structuring agribusiness enterprises, succession and estate planning and how those transactions may be impacted by State and Federal taxation measures.
  • Evaluating the taxation impacts on agribusiness activities being carried on in a corporate entity.
  • Specific primary production deduction and income smoothing provisions.
  • Understanding how to tax effectively structure employee remuneration and attracting employees to work in regional areas.
  • Key issues that are on the ATO radar.
  • Investing in agribusiness through a self-managed superannuation fund and reviewing strategies for attracting external investors.
  • The taxation of non-farm receipts received by primary producers.
  • Members of the ever-popular panel session will provide key insights into available financial and other support measures that may be accessed to ameliorate the impacts of the drought and other natural disasters.

This is the fifth year of the very successful Agribusiness Intensive. The two-day program will address key agribusiness taxation issues encountered by tax professionals and will provide attendees with tools to assist their clients to acquit their taxation obligations effectively.