Business health check

Business, Health

 

  • Are you aware of the Income Equalisation Scheme?  It allows farmers to even out fluctuations in income by spreading gross income from year to year.  Talk to us about whether it could help ease your tax position.

 

  • Storing chemicals on your farm?  New rules mean you need to establish a hazardous substance location and hold a location compliance certificate for certain chemicals above certain quantities.  Are you compliant?

 

  • If you’re approaching your bank for financial support, go with a plan.  They’ll be more likely to help if you can tell them the problem, what’s caused it, what you are doing about it, what you need from them, and how the bank will be paid back.