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Accounting for Primary Producers

We understand how tough it is to run a farm. Just like other business owners you have to contend with issues like finance and GST compliance but in most cases you also have to deal with seasonal factors, the climate, safety concerns and large machinery.

If you work with livestock like cattle, sheep, chickens or even seafood you face some unique challenges. Farmers who produce wheat, grain, fruit and vegetables also have to deal with a host of issues including politics, prices, pollution and interest rates. Australia’s decade of drought and subsequent floods just highlight the variables and obstacles farmers face.  

Based in Yarrawonga in northern Victoria, we have a strong farming client base and we understand the pitfalls of farming plus have first hand knowledge of the financial and emotional impact of drought and bushfires.

Given most farming pursuits are multi-generational, we work with our clients with an eye on the future. Business structures are crucial while planning and cash flow forecasts are essential. Apart from assisting our farming clients with the usual compliance and bookkeeping work we also provide financial modelling services to assess ‘what if’ scenarios. We produce cash flows, finance submissions and can assist with financing land and machinery purchases.  

We are very strong on the concept of ‘beginning with the end in mind’ and for that reason we make sure our farming clients have the right business structure in place. The wrong choice is almost impossible to unravel without significant financial, tax, legal and capital gains tax implications. When assessing structures we also take into account issues including asset protection, your family situation, profit forecasts and future plans to admit new partners.

As accountants we can project your best and worst case profit scenarios based on the price of your produce and by adjusting the key variables including price and various inputs like feed and seed, we can evaluate the impact on profit and cash flow. We can also assist you with farm viability assessments, farm risk management and strategic business plans.

No job is too big or too small for our team and if you're looking for a lot more than just basic accounting and tax compliance services from your accountant contact one of our professional and passionate team members today.

To take the next step we invite you to book a FREE, one hour introductory consultation to discuss your farm accounting needs. At this meeting you can expect practical business, tax, marketing and financial advice designed to help you accelerate your farm success. To make a booking call us today on (03) 5744 3861 or complete your details in the box at the top of this page and let’s get to work ON your farm so it's more profitable.

Helping Your Farm, Business or Trade Succeed

Starter Package

Starter package focuses on meeting your compliance obligations but also includes annual tax planning

Annual Financials & Business Tax Return
Individual Tax Returns for Business Owners
Business Activity Statements
WorkCover Annual Certification
Fringe Benefits Tax Compliance
Annual Tax Planning
Quarterly Accelerator Business Magazine
 
Growing Package

Includes some great consulting inclusions to provide direction and guidance to help you grow your business revenue and profit.

The Starter Package Plus:
Annual Business Strategy Meeting
12 Month Cashflow Forecast
Monitoring of your KPIs and Industry Benchmarks
Phone and Email Support
Annual Membership to The Business Growth System
Tax Audit Cover
Half Yearly - On Track Meetings
Accelerate Package

For the ambitious business owner looking for a real competitive advantage with a focus on growing their business and their wealth.

The Accelerate package includes all the Growing Package plus:
Quarterly - On Track Meetings
Succession Planning Overview
Half Yearly Management Accounts
Business Structure & Asset Protection Review
 
 
 

If you’re looking to make your business more profitable, valuable and saleable. Contact Us to discuss our services and packages.

Either phone us on (03) 5744 3861 or complete the form below

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