In this episode, we’ll be talking about one of the complex topics to tackle within the farm business - Succession Panning, particularly from a younger generation’s point of view, which is often missed in the discussion. According to Jack, Succession Planning has become much more personal and relationship-based than the traditional understanding of the transfer of assets. With many futures on the line, Jack outlined the importance of opening up the line of communication to start the planning process as early as possible for a successful transition.
Jack Hayes is a Manager within the Agribusiness division in one of Western Australia's largest accounting firms Byfields Business Advisors. Jack has over 10 years of experience working within the accounting and taxation industry and having grown up on the family farm in Badgingarra, Jack has an established, long-standing passion for the agriculture industry, with a particular interest in the latest farming practices and technology.
Listen to Episode | Succession Planning With Byfields | Agrimaster
Farm Succession | Let's start the converstion
Byfields are uniquely placed to assist growers navigating through their succession plans.
Visit our Succession Planning Resource | Dear Hope
You will find articles on: 2024 Tax Planning, a look at the Fair Work Act changes. Ensuring Compliance and Accuracy | Record Keeping Policy.
You may think minimal tax planning will be necessary due to the average or below average 2023 harvest.
You can arrange Insurance cover for: Dry Season Cover Too Little Rain Frost Protection Too Cold Canola Heat Stress Too Hot Wet Harvest Too Much Rain
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