ABC Sheds Blog

How to get a tax advantage for hay storage

Getting a fodder storage or hay shed constructed on your farm is a smart move that will reduce fodder storage losses, however, an investment like this isn’t cheap. The more hay you harvest the bigger the shed you will need, therefore increasing upfront costs. This can be a big deterrent for farmers to organise new and much-needed hay storage if they’re already battling with the effects of drought, fire and COVID-19.

How to save money when buying a farm shed

Whether you’re looking to cut down costs or stay within an existing budget, finding the money for something like a new farm shed can be challenging. There’s always more urgent expenses that seem to appear and a new shed is a big investment that many farmers will choose to put off until ‘the time is right’.

While a farm shed can seem like a big purchase, a quality structure will more than pay off in the long-run and will bring you years of use. So is there a way to save some money when purchasing a new farm shed, and still end up with a structure that’s high quality?

How to benefit from the government tax write-off

2020 has been a tough year so far for many farmers across Australia. Bushfires ravaged many parts of the country at the start of the year and now with the COVID-19 pandemic upon us, some farmers are struggling to get ahead.

The Australian government has recognised these struggles and on the 12th of March 2020 a $17.6 billion stimulus package was announced with the aim of keeping Australians in jobs, businesses in business, and households supported. A big part of this stimulus package was the announcement that the instant asset write-off was being increased – great news for farmers!

Keeping Australia moving forward

On the 12th of March the government announced a stimulus package for Australian businesses to keep the economy moving forwards in these uncertain times. Small to medium-sized businesses are the backbone of this country's economy and employ tens of millions of people across the country. Every business plays its part and the government has come to the table with a package designed to keep those business going in as much of a 'business as usual' way as possible.

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