(Introductory 1 day workshop)
Who will benefit from this training?
Business owners who are:
- concerned about their future business viability
- unsure how to deal with their bank after several years of loss making
- needing support to understand their business risk and how to move forward
- seeking a better understanding of their business performance
How does the learning happen?
The workshop is a mix of instruction, group activities and participants working on their own business tax return.
A case study tax return is used by all participants, so the finial outcomes can be freely discussed.
Business owners work on their own tax returns, while confidentiality is maintained.
A simple instructional manual is provided so participants can be guided to do these calculations each year they complete their tax return.
Be energised and re-engaged in the business management side of running a profitable and sustainable business
How to develop the essential business budgets of Profit & Loss and Balance Sheet accurately from your tax return figures.
Better understand your business financial position and risk.
Understand your bank’s assessment of your business risk
Plan and set goals for the future success of your business
Participants have a more detailed understanding of the changes they can make to minimise the impact of drought.
Comments from past participants…
This has really helped me understand my position from the business point of view, not from the tax situation.
I am off to represent my figures to the bank.
Thanks for letting me come a second time with my partners, we can now look at the agronomy and production side of things considering the financial impact.
Every farm business should take up this opportunity – I went back over five years of figures and can see that if I had known what I know now, I would have made different decisions. (VFF Grains Councillor)