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Farmers drought assistance - immediate write-off for fodder storage
Liz Gibbs • August 19, 2018

As part of an assistance program to help drought-stricken farmers, the Government   has announced   that it will allow primary producers to immediately deduct (rather than depreciate over 3 years) the cost of fodder storage assets, such as silos and tanks used to store grain and other animal feed storage.

This measure, yet to be legislated, will be available for fodder storage assets first used or installed ready for use from Sunday 19.8.2018, and complements the $20,000 instant asset write-off already available for small businesses, the Government said.

Call us at Robert Goodman Accountants on 07 3289 1700 or email us at  reception@rgoodman.com.au.   © Copyright 2018. All rights reserved. Source: Thomson Reuters.  Brought to you by Robert Goodman Accountants.  

Office open

Our Samford office is open today 11 March 2025

By Liz Gibbs • March 10, 2025
With thanks to all Energex and Emergency services Crew, our electricity has been reconnected and our office is open from today 11 March. We hope you and your loved ones are safe and well following cyclone Alfred. These past few days have been challenging for many, and our thoughts are with everyone affected.

Our office is operating remotely today, 10 March.

By Liz Gibbs • March 10, 2025
Due to a power outage affecting the entire Samford area, the RGA Practice will be operating remotely today, 10 March, until electricity is restored. Please be assured that our team remains available and can be reached at 07 3289 1700. We appreciate your understanding and support during this time. Stay safe, and we look forward to seeing you soon.
Cyclone Alfred

Tropical Cyclone Alfred

By Liz Gibbs • March 5, 2025
As Tropical Cyclone Alfred approaches, we want to remind everyone to take necessary precautions and ensure their safety. We have received some important information that we believe is crucial to share with you to help you prepare for the severe weather conditions ahead.
Work Health and Safety (Sexual Harassment) Amendment Regulation 2024

Queensland Businesses to Implement Sexual Harassment Prevention Plans by March 2025

By Liz Gibbs • February 26, 2025
In a significant move to combat workplace sexual harassment, Amendments to the Work Health and Safety Regulation 2011 (as per the Work Health and Safety (Sexual Harassment) Amendment Regulation 2024) will soon commence on 1 March 2025.

Threshold for tax-free retirement super increases

By Liz Gibbs • February 25, 2025
The amount of money that can be transferred to a tax-free retirement account will increase to $2m on 1 July 2025.
What happens to your super when you die?

Is there a problem paying your super when you die?

By Liz Gibbs • February 25, 2025
The Government has announced its intention to introduce mandatory standards for large superannuation funds to, amongst other things, deliver timely and compassionate handling of death benefits. Do we have a problem with paying out super when a member dies?

Will credit card surcharges be banned?

By Liz Gibbs • February 25, 2025
If credit card surcharges are banned in other countries, why not Australia? We look at the surcharge debate and the payment system complexity that has brought us to this point. In the United Kingdom, consumer credit and debit card surcharges have been banned since 2018. In Europe, all except American Express and Diners Club consumer surcharges are banned. And in Australia, there is a push to follow suit. But, is the issue as simple as it seems?
Babyboomer wealth

Why the ATO is targeting babyboomer wealth

By Liz Gibbs • February 25, 2025
“Succession planning, and the tax risks associated with it, is our number one focus in 2025. In recent years we’ve observed an increase in reorganisations that appear to be connected to succession planning.” ATO Private Wealth Deputy Commissioner Louise Clarke.
Penalty for False R&D claims

$13.6m in penalties imposed for false R&D claims

By Liz Gibbs • February 25, 2025
A joint investigation involving the ATO found that, between 2014 and 2017, a Sydney business coach promoted unlawful tax schemes encouraging clients to lodge over-inflated, inaccurate or unsubstantiated research and development ('R&D') tax incentive claims
SMSF lodgement due dates

When to lodge SMSF annual returns

By Liz Gibbs • February 25, 2025
All trustees of SMSFs with assets (including super contributions or any other investments) as at 30 June 2024 need to lodge an SMSF annual return ('SAR') for the 2023/24 financial year.
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