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Issues for Primary Producers/Farmers
Our staff are also experienced in preparing budgets and cashflows for major farm development projects, as well as setting and measuring seasonal budgets against actual results for farm operations. We deal with all the major banks and are attuned to formulating business plans that satisfy lending criteria, and suit your cashflow.
Primary production businesses are subject to a whole range of variables that don’t affect other
businesses - seasonal factors, volatile markets, rising input costs, distance and freight concerns, and government interference to name just a few.
Cashflow estimates can be all over the place, and the business owners
can be put under all sorts of constant stress.
Just occasionally the planets align and when you do produce a bumper
result all of a sudden the taxman wants to befriend you.
That’s why it’s so important to have an accountant who understands
your business, and wants to work with you every step of the way.
At Higgins Wood & Associates we understanding farming and grazing, and not only will we handle your tax matters professionally to get you the best outcome, we work with you on a variety of matters including expansion plans, retirement plans, partnership re-arrangements, family succession, property sales, GST, centrelink applications and QRAA assistance measures when available.