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Accounting & Compliance

Our firm is a small team of highly qualified tax agents who trade as CPA’s and are dedicated to working with farmers.

We pride ourselves on our professionalism, being ethical, consistently undertaking professional development and keeping all information completely confidential.

Accounting for farming businesses is different from other businesses which is why it’s so important to pick a firm who understands you and your farm’s specific needs. We only work with farmers meaning we have extensive experience with all the factors accountants don’t deal with in other industries. Over the years we have accumulated expertise in accounting, taxation, planning, buying, selling, sharefarming, structures, bookkeeping, finance, GST and CGT all related to farming.

We Provide

Some examples of specific accounting and compliance services provided to clients recently include;

  • Dairy, Beef, sheep, Vegetable, agistment farming businesses and hobby farmers annual accounts prepared from Xero, Intuit Quickbooks online, Mistro, MYOB, Excel spreadsheets, and some from source documents (bank statements etc).
  • In doing that, considering how to best depreciate new and existing equipment and the impact on this years and next year’s tax.
  • Considering livestock values for the same reason.
  • Checking and balancing bank balances, loan balances, new equipment and finance, reviewing drawings, completing our checklists.
  • How to best claim vehicles.
  • Cashflow statements for Banks.
  • Profit and tax estimates.
  • If to claim superannuation paid or Farm Management deposits made.
  • If wages to children should be paid and claimed.
  • If a “partners salary” where one spouse works off farm should be paid.
  • Reconciling GST against what has been lodged and making adjustments where things have been missed and explaining same.
  • Preparation of BAS statements.
  • Attending to Workcover year end matters and other issues.
  • Finalising single touch payroll obligations.
  • Discussions about the past years results and next year’s possible outcomes, tax outcomes, tax planning, business conditions.

Exclusively Working With Farmers

Whatever you need for your farm to move forward and to comply, we can do it. We work with you to always find the best, personalised solution so you can have peace of mind knowing that your business is meeting all necessary standards. No structure is too hard; trusts, companies, self managed superfunds, partnerships, sole traders to combinations of them all.

No matter the size of your farm and the work you need we promise to treat every job equally and to the highest standard. Reach out to our friendly team today to have a chat.

We Make The Process Of Changing Incredibly Easy

All you need to do is supply us with your last set of financial statements and tax returns and we will take care of the rest.
We will advise your previous accountant and update the ATO and ASIC.