Tax Time Considerations
This article was first published on Beef Central on 8th May 2017 In times of good profits, investments in the business to improve future performance and reduce risk should be considered. The tax deductibility of the investment however should be secondary to whether it is a good investment in its own right. A cost benefit analysis should be undertaken to compare what the investments return, in total and relative to the amount invested and over what time frame. If the investment doesn’t stack up then reducing debt or provisioning for succession or retirement will be a better use of funds, regardless of the tax implications. You can buy a load of fencing gear and fill the bowsers up, but often this just means that once you do it, you have to…