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NSW Government announces extra $500m in drought assistance for struggling farmers

NSW Government announces extra $500m in drought assistance for struggling farmers

10 August 2018

Premier Gladys Berejiklian recently announced an additional $500 million in emergency funding to help drought-affected farmers.

Mrs Berejiklian said the additional funding will help farmers who have faced an "unforgivably dry winter".

The three major elements of the $500 million NSW Emergency Drought Relief Package are:

  • $190 million for Drought Transport Subsidies
  • $100 million for cutting the cost of farming fees and charges – by waiving Local Land Services rates, waiving fixed water charges in rural and regional areas, and waiving class one agricultural vehicle registration costs
  • $150 million to bolster the Farm Innovation Fund (FIF) infrastructure program by waiving refunding interest charges on all existing loans for the 2017/18 and 2018/19

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2018-19 Federal Budget – Planning for a stronger economy

10 May 2018

 On Tuesday the 8th May, the Federal Treasurer, the Hon, Scott Morrison handed down the Coalition Government's national budget for the 2018-19 Financial Year. Overall the stated focus of this budget is "sticking to our plan for a stronger economy". This is a budget preceding an election so a number of measures within this budget are designed to improve the Turnbull Government standing with voters. Most notably, there has been a key focus on delivering wins for voters in the form of tax cuts and more money in pockets. The budget will result in a forecast cash deficit of $14.5million for the 2018-19 financial year.

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NSW land tax thresholds for 2018

NSW land tax thresholds for 2018

27 March 2018

Land tax is a tax levied on the owners of land in New South Wales as at midnight on the 31 December of each year. Land tax applies to land regardless of whether income is earned from the land.

If you own any property in NSW that is not your principal place of residence as at midnight 31 December 2017, including a holiday house or unit, you may be liable to pay land tax.

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Boyce Financial Services awarded 'Practice of the Year'

Boyce Financial Services awarded 'Practice of the Year'

19 December 2017

Boyce Financial Services (BFS) was recently awarded the Lonsdale Financial Group “Business of the Year” at the Lonsdale and IOOF Alliances annual conference. In a fiercely contested field, BFS was awarded the accolade for the third occasion having previously attained the title in 2014 and 2011.

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Employee Truck Driver Travel Allowances

Employee Truck Driver Travel Allowances

19 December 2017

Previously we sent an article out describing the changes that came into effect from 1 July 2017 relating to the amount of allowances which Employee Truck Drivers could claim for meals without needing to maintain detailed records of the expenditure. The ATO have since changed their position on this matter and have stated that Employee Truck Drivers can  now choose either method for claiming their expenses from 1 July 2017.

 

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