Changes to Asset Depreciation Legislation with RSM Australia

Did you know that the rules around asset depreciation are changing on the 1 July 2023? With the $1000 write-off threshold being reintroduced next financial year, RSM Principal Reagan Manns joins WMG Executive Officer Nathan Craig to find out what this could mean for your business when buying and replacing machinery in the coming years.Find out the questions you need to ask to avoid paying more tax than you need to!This episode covers: *How to structure your farm business to avoid a higher tax bill*Asset depreciation  schedules *Replacement schedules*Risk of creating income when you don't need toTo learn more about this topic in relation to your farm business, you can reach out to Reagan at [email protected] or call 9652 2380.RSM Australia is a proud long-term sponsor of the West Midlands Group.West Midlands Group is proud to bring you another episode of Paddock Chat.Our members receive lots of great information just like this - to join the WMG community go to www.wmgroup.org.au We are also very socially active! Follow us on Twitter @WMG_WA  or Facebook @westmidlandsgroup Support the show