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An overview on tax and accounting aspects of the Federal Budget 2019-20. So, what does it mean for you? Click here to view

Subject to cash flow considerations and anti-avoidance rules, consider deferring income to the following year, particularly if:

The 2017/18 corporate tax rate will be 27.5% for companies that carry on a business and have an aggregated turnover of less than $25m. This turnover threshold will be increased to $50m for the 2018/19 financial year.

Winners and Losers of the Federal Budget 2017-18 Click here to view our Federal Budget.

The Federal Treasurer, Mr Josh Frydenberg, handed down the 2019/20 Federal Budget at 7:30 pm (AEDT) on 2 April 2019. Mr Frydenberg said the Budget is "back in the black", announcing a budget surplus of $7.1 billion, and forecasting a surplus of $11 billion in 2020/21, $17.8 billion in 2021/22 and $9.2 billion in 2022/23. The budget focuses on "restoring the nation's finances", further strengthening the economy to create more jobs and to "guarantee the essential services". To know more about the federal budget and the economic and political overview on it. Click here.

In its June 2017 audit of foreign farm ownership, the Australian Taxation Office found just 13.6 per cent of agricultural land is in in foreign hands. The Australian Bureau of Statistics (ABS) estimates that foreigners own 12 per cent of farmland. British owners are the biggest foreign landholders, with more than 9.7 million hectares, but Chinese come a close second. The National Farmers' Federation estimates that 99 per cent of farm businesses are Australian owned. Who owns Australian farm businesses? Australian agriculture has enticing growth prospects and needs capital. Superannuation funds have money to invest for the long term. It should be the perfect marriage, but INTHEBLACK magazine finds underinvestment by institutional investors in agriculture.

Do super funds still represent a safe bet for young Australians? By SUSAN MULDOWNEY

Your autopilot mode can make you wealthy or poor.

Anyone who stays in business will face the problem of trying to see into the future. When you think about hiring a new employee, you ask: "Will we have enough new business to keep them occupied?" When you pitch for a new piece of business, you think: "How many hours will it take us to complete this job?" You have to forecast.