ProAdvice Podcast - Balancing people, profit and the environment

A conversation with Melle Nikkels from the Netherlands with key insights for what could be on the horizon for agriculture in Australia.

• How is farming different in the Netherlands compared to Australia?
• What are the key issues facing agriculture in the Netherlands especially when it comes to balancing food production, population, climate change and the environment?
• What do the terms positive externalities, nature inclusive and circular agriculture mean?
• What uncertainties should be considered when farming in the Netherlands and are they the same or different in Australia.

A conversation with John Gibson discussing the federal budget as well as some other timely reminders

• Flood relief and Director ID
• General overview of the budget
• What is in it for business?
• What is in it for individuals?
• Other spending
• Key takeaways

A conversation with Marilyn Williams preparing you for the transition to STP2:

• What has changed from STP phase 1?
• What is required from an employers perspective?
• What are the benefits for employers?
• Why is STP transitioning to STP2?
• When is STP2 starting?
• What to do if you need help?

A conversation with Lachlan Polkinghorne discussing the benefits of travel and attending conferences.  Attending conferences provides many benefits such as:

• An opportunity to reset
• Provide some different perspectives and challenge your own thinking
• Affirm your own views
• Networking
• Develop skills in leadership and self improvement

A conversation with Clinton Peake regarding leading in uncertain time.  Clinton provides some useful insights gained over a lifetime of leadership roles on the sporting field and in business. He provides some tips regarding what leadership needs to look like at the present time:

1. Start with strategy
2. Be nimble with your tactics
3. Be inflexible with your destination
4. Be patient with you explanations
5. Celebrate along the way

A discussion with Rob Edwards regarding his keynote presentation at the upcoming ProAdvice ProNet Conference from 24-26 August in Daylesford Victoria.  Rob will talk about how to look after your most valuable asset - yourself.  He will also discuss how small, consistent actions, can make the biggest difference to your long-term performance and the quality of your life, both personally and professionally. Rob will also teach us how to set goals that really matter as well as providing some tips to improve your group presentation skills.  To book, follow the link below:

https://www.proadvice.com.au/#pronet

A conversation with Chris Scheid regarding designing profit in your business rather the profit being a default outcome

• Why do we need ot design a profit?
• Is calculating profit in the past useful?
• What changes are required?
• What metrics should be considered to assess profitability?

A conversation with Jarrod Lundie from ProAdvice regarding what is required to get the most from Tax Planning with your accountant from a clients perspective.

• Get the books up to date
• Provide a forecast for expected income and expenses for the remainder of the financial year
• Provide an indication of livestock / crop on hand
• Include a summary of the key business and strategic priorities for the business moving forward (growth, succession, consolidation, other)

Keep in mind issues regarding plant and equipment supply delays, instant asset write off eligibility, super contributions and Div 293, Section 100A trust distributions, FMD's and pre-paid expenses.

A conversation with Jarrod Lundie regarding the recent Federal Budget.  Items of interest include:

• Temporary increase in the low and medium income tax offset
• Temporary reduction in fuel excise
• 120% tax deduction to train and upskill employees
• 120% tax deduction to boost technology investment
• Primary producers - concessional tax treatment for carbon abatement

A conversation with Lachlan Polkinghorne providing some additional perspectives on succession planning:

• Succession or transition?
• How to come to a consensus when dividing the asset base?
• Additional tactics and observations
• What are some stereotypes?
• What is usually missing from the process?
• Why is it useful to engage and external facilitator to work through the process?