Tim Powell

@AdamCoffeyNT Everything

Are we living in some sort of alternate reality? What is wrong with these people? Mind-blowing

An index of grain, fert and diesel prices since a week before the Iran conflict started.

Yeah, that’s a fair point too and important to be able to get past a loss year. One set of rules rarely suits all I guess When we started many years ago not being able to carry smaller income forward to fund business growth in a large spend was the specific road block to quicker growth (couldn’t borrow more back then, we were young) For us a flat tax incentivizes using your own income ahead of debt to grow a business as it means you can carry income forward easily without loosing a huge chunk of it which lowers risk to build a business and increases building your own asset base to weather the future storm Could be just me 😬

@IntirrTim Nah I meant a flat tax on gross revenue would be a greater impairment to cashflow then being able to carry forward a loss until it's profitable

Why not stop stuffing around. Do a GST style tax on gross business turnover so that ALL companies MUST contribute. Last time I worked this out it was a few %, literally. This would completely remove all asset write off/ depreciation etc and simplify things for business by like 90%. Payable in the quarterly bass. Sack half the ATO staff as they aren’t needed, and it also means if govt wants more tax revenue the politicians will actually have to pump business and stop gaslighting us. It also means new businesses and growing businesses don’t get to the end of the year and have a massive hole in their bank account compared to the business balance sheet and net position. Might get more than 2/5 new businesses survive past 5 years then. Just a thought…. @JNampijinpa

@MonelleAg Sweet. Just did an API setup for them to hook into on farm weather station data in #BushLinx Roll on…

Ornata.ag Autonomous rig still rollin 🚜

@consettfarming Do you mean when you’re putting funds into the business to start it? Would be the same as now wouldn’t it? Seed capital that you take out later as an expense/ repayment of a loan

@IntirrTim How does that go when your negative cashflow setting up a business though?

Mouse plague in many parts of WA including this property near Mullewa… need some rain to get rid of them 🙏

@pearse_kyle Best sign of a healthy soil 👌

20 days in the ground and there’s a bit happening. Thunder lentils looking happy. Always good to see some fishing bait in every shovel full. 28 in this one. 😀👌

Anyone short of MAP? We have about 10-15t MAP available at Kooloonong or Nyah. $1230/t plus GST.

Delicio wines in McLaren Vale

Sucks having mates that make wines 😱

@stationmum101 Young bloke never bought anything on Roblox. Waste of money when he already had heaps of fun playing it

This platform is a nightmare.

Many different pets

MEDIA RELEASE: Grain Producers SA has welcomed the approval of an emergency use permit for ZP50 (Zinc Phosphide) mouse bait, describing the decision as much needed for South Australian grain producers already reporting mouse activity and damage across parts of the state. Read our Media Release in full below:

@stationmum101 Those things are a good sign! Larger rains to come in next few weeks

Sounds like a bloody 747.

@stationmum101 Still use my great aunties one of those

Check out my awesome op shop find.

@stationmum101 Always thought the viewing platform would be a ripper spot for a pub

@IntirrTim I knew I’d have to see the lake. I had no idea it was literally right in town.

Because I know you all live vicariously through me & my super glamorous life please enjoy my most recent motel room.

@RepulicBanana @michaelsnape They will pay tax like any other Joe Blake on the street after they have repaid the R&D tax offset essentially. The offset is only deferred tax, not reduced tax. Been there, done that.

@michaelsnape Jenny and Matt will receive significant R&D offset during the early stage of their business. Once the business is established, they will pay tax like any Joe Blake on the street. I don't know why Jenny and Matt are complaining?

Jenny and Matt 35/36 who build a software startup in their garage, have global customers and sell it for $10m, pay $4.7million in tax George and Margaret 73/74 own a $5million home in Mosman, have $4.4 million in super and pay $0 tax on earnings, $0 CGT and $0 on their pensions