Our new edition of "Business & Tax Tips", a concise and immensely helpful reference tool focusing on the business and tax aspects of the thoroughbred industry, has now been released. It has been 3 ½ years since our last publication and so much has happened during that time.

From a business perspective, topics such as "Managing working capital" and "Improving Management decision making" are timely to say the least. Given all that’s at stake, every breeder must allocate the time and resources necessary to extract the maximum benefit from their business investment.

From a tax perspective, the horse industry has a new tax ruling (TR2008/2) and two recent tribunal cases (Block's & D'Arcy's) as guidance when assessing their tax obligations. Together with tax audits of the horse industry, tax concessions for horse breeders and using superannuation in the horse industry, there is a substantial amount of new ground to cover in this section of the booklet.

Overall, a lot of interesting stuff in an easy to read A5 sized booklet. We are very excited about the publication and at $20 (inc GST) it should be a no-brainer for those serious about their horse interests. Business & Tax Tips will also be available in a soft copy PDF format for $15. To order a copy or for further details, please complete the order form at www.stablefinancial.com.au or contact Melanie of our office on (03) 9629 3023.