Resources

Led by our Director, Adam Tims, we’d love to introduce you to some of the core members of The Stable.

As the end of financial year approaches, the temporary full expensing rules will be coming to an end.

Treasurer Tim Pallas handed down the Victorian State Budget 2023-24 on the afternoon of 23 May 2023.

The unprecedented flooding crisis experienced last Friday by individuals and businesses throughout Victoria is devastating.

This was a unique Federal Budget announced by the Treasurer on Tuesday 6th October 2020, the first in 119 years held during the Spring carnival (normally May).

The Stable team is excited to announce we will be moving office on 2nd August 2021.

This was a unique Federal Budget announced by the Treasurer on Tuesday 6th October 2020, the first in 119 years held during the Spring carnival (normally May).

Unfortunately the end is near for some (JobKeeper 1.0 ends on Sunday 27 September) especially given the rescheduled Magic Millions sale in July making it difficult for vendors.

A legislative instrument was registered on Friday amending the JobKeeper rules to allow businesses to claim the subsidy in respect of new employees by extending the employee test date to 1 July 2020.

Take a listen to Tom Reilly and Adam Tims discussing the latest updates to the Government stimulus measures.

What does the coronavirus government support packages mean for breeders? In this podcast, Adam and Tom discuss what is available out there for businesses in the breeding industry in the current climate.

Adam Tims from Stable Financial with some insight into what trainers are entitled to through various government handouts and assistance.

Financial support and information for business – effective 31st March 2020

Like all our clients, families and friends, Stable Financial is closely monitoring the latest developments in relation to Coronavirus (COVID– 19).

The Government has announced a $17.6 billion investment package to support the economy as we brace for the impact of the coronavirus.

Just 33 sleeps to go as we fast approach the first wave of 2018 yearlings going through the ring, starting at Magic Millions on 10 January 2018.  

The Federal budget not only affects all Australians but also foreigners wanting to either work or invest in Australia. The labour-intensive horse industry relies on energetic workers from abroad to assist at Stud farms, racing stables and on the track. Unfortunately, it seems the 457-visa regime has been largely rebranded and could see employers across […]

On the day of the US election, the Treasurer tabled the final legislation in Parliament to explain how he intends to implement the complex new super reform package.

Stable Financial is excited to announce the launch of its partnership with Dixon Advisory to assist clients with their investment and SMSF advice needs.

September 1st every year marks a special date for Australian thoroughbred breeders, with the beginning of the new breeding season. The first day of spring brings excitement to all involved.

What a vibrant thoroughbred trading period 2016 has been in AUS starting in January and still firing strongly in June. This time it was the broodmares and their recently weaned stock that were the currency and buyers have been jumping out of trees to take a leg or four.

With the end of financial year fast approaching it is time to consider the last minute income tax tips and strategies to reduce your tax burden.

The 2016-17 Federal Budget is an election year budget so stay tuned as there will be more announcements to come as the Budget allows for a $1.6 billion “decisions taken but not yet announced” election war chest. Furthermore, with a pending election timing is everything and some measures may not even make it past the […]

Stable Financial has noted that the important topic of horse investment and the use of SMSF have been raised in media outlets during the past week. We feel it is time to set the record straight. In particular, the question has been raised whether the SMSF collectable and personal use asset rules apply to horse […]

In 2016 the Inglis Premier Yearling Sale was another bumper year with 467 yearlings sold during session 1, recording $51,728,000 in gross sales, an increase of 15% in comparison to 2015. Additionally the average price obtained increased considerably on prior year sales jumping from $95,886 to $110,767 – that’s a solid 16% increase. Snitzel proved […]

After celebrating Australia Day 2016, who would have predicted the following would have occurred so far this year: ASX 200 down 6.5%; AUD/USD down 5%; Median yearling prices for Magic Millions main session up 15%, gross up 25% and average up 15.5% with a 89.97% clearance rate; A filly runs sixth in the Magic Millions […]

A Supreme Court (NSW) judge has handed down her decision on 17th September, 2015 in Capogreco v Rogerson [2015] NSWSC 1371 in which it is again made clear by a court that part-owners do not have to sell their interest in a horse against their wishes.

A childhood dream of working in the racing industry has become a reality for accountant Adam Tims. Today his company, Stable Financial, has a client list of major Australian and International bloodstock investors, and Adam also offers his time and expertise to help industry bodies such as TBV, Aushorse and TBA.

So, your business has a turnover under $2 million and you want to know how to use the $20,000 immediate tax deduction that’s been all over the news? Before you start spending, there are a few things you need to know.

In every budget there are winners and losers, and last night the Federal Treasurer provided Australian breeders with some tax concession ammunition to think about. For breeding businesses, it is fair to say that they are on the winning side of Joe Hockey’s 2015 budget. However, for larger breeders with a turnover greater than $2M, […]

Magic Millions 2015 Magic Millions each year bears the task of “setting the scene,” for yearling sales in Australia and its 2015 performance was a success. The Combined sale aggregate was up 20% compared to last year, with the average up 22% (all sessions).

The Chartered accounting firms of Stable Financial and Isca Consulting today announced a strategic alliance which will provide a one-stop shop in delivering professional services to the thoroughbred breeding and racing industry. Both firms are the recognized leader in their fields delivering essential professional support to thoroughbred businesses including breeders, owners and trainers.

Many of the small business related measures were repealed without amendment. These include: The company loss carry back rules The instant asset write off threshold of $6,500 under the simplified depreciation rules Accelerated deduction of $5,000 for motor vehicles

We write to allay any concerns that may arise as a result of an article that appeared in newspapers across Australia yesterday titled “Racehorse owners to fight Tax Office crackdown”

A niche specialisation is the secret of Adam Tims’ staying power. Some guys have all the luck. Adam Tims CA runs a thriving accounting business servicing a glamorous industry that he’s been passionate about for most of his life. He loves what he does, and his clients do too. So how did this long-time fan […]