Loss Carry-Back Creates Cash Flow Boost
The Government announced temporary ‘loss carry-back’ rules in 2020 that can deliver cash flow benefits for mining and resources businesses.
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FIVE Budget Support Measures for Mining & Resources
The 2020 Federal Budget was built on a number of assumptions…that a COVID-19 vaccine would be available by the end of 2021; state borders (other than WA) would be open by Christmas and business conditions would have moved from recessionary to growth. It also rests on the absence of further and more widespread outbreaks of…
Business Succession for Mining & Resources: Getting Exit-Ready takes THREE to FIVE years
Research* indicates that a large number of business owners, among them those in mining and resources, are planning to exit their businesses within the next five to 10 years. Importantly, findings also indicate that on average, getting exit-ready requires three to five-year lead time.
ESS: How to Avoid Financial & Emotional Turmoil (case study)
Prior to my involvement with his affairs and following his unexpected death, my client had inadvertently created a devastating financial legacy that would take years to sort out and cost his estate hundreds of thousands of dollars to resolve. The situation had arisen in part because he received poor advice concerning a very large contribution of vested…