Maximising Returns: A Comprehensive Guide to Depreciation and Agribusiness Investment

As experts in both finance and accounting, we understand the importance of recognising the return on investment versus the investment made, especially in light of recent changes to the temporary fully expensing/instant asset write-off scheme. Today, we focus on the benefits of accelerated depreciation for agribusiness assets and how it can help our clients weather the challenges of uncertain & challenging seasons.

The Impact of Reduced Temporary Fully Expensing/Instant Asset Write-Off Scheme

The new financial year has brought significant changes to the way in which entities are able to claim depreciation from what was accustom over the last few years, which may pose challenges for businesses in various sectors, including agribusiness. However, at Synergy, we believe in turning challenges into opportunities. Our team is well-versed in navigating these changes and assisting our clients in maximising their returns through alternate options for depreciation.

"We understand the unique challenges faced by agribusinesses. Our team is committed to helping clients navigate complex depreciation rules and leverage strategic investments that drive long-term growth and resilience” Angie Barnard, Synergy Accountants Managing Director added.

Accelerated Depreciation for Agribusiness Assets

For our agribusiness clients, we understand the importance of accelerated depreciation for assets such as silos, bores, dams, irrigators, centre pivots, fencing, and water & fodder storage assets.

These investments can play a vital role in building drought resilience, optimising crop yields, and ensuring sustainable farming practices. Synergy Business Finance is dedicated to helping our clients recognise the long-term benefits of these investments and the potential eligibility for primary production grants as they become available.

Navigating Seasonal Challenges

As farmers facing a potential of below average rainfall, it becomes crucial to plan ahead and make informed financial decisions. Synergy is here to guide our clients through these conversations, ensuring they have a comprehensive drought plan in place. By leveraging our expertise and industry knowledge, our clients can be better prepared for the seasonal challenges they may encounter.

“We support our agribusiness clients in achieving their financial goals. From optimising tax planning to identifying eligible grants, our goal is to ensure that clients make informed decisions that positively impact their bottom line” Marcus Barnard, Managing Director of Synergy Business Finance said.

Interest Rate Savings on Green Investments

We’re witnessing more of our clients benefiting from interest rate savings on green investment loans, including solar and water-saving initiatives. Our team helps clients make the most of these cost-effective and environmentally friendly measures. By embracing preventative strategies, our clients can enhance their overall financial position and contribute to a more sustainable future.

We believe in empowering our clients with knowledge and tailored financial solutions. Depreciation strategies, agribusiness investments, and drought resilience planning are just some of the ways we add significant value to our clients' businesses. As drought continues to challenge farmers, we stand ready to assist and guide our clients towards prosperous and sustainable outcomes.

Reach out to our expert team today and let us help you make the most of your investments and financial decisions.