Our People

Biography

Nick Farr is a Senior Manager in our Business Advisory division, providing support and advice to a diverse range of small to medium-sized businesses and high-net-worth individuals.

As an experienced adviser, Nick has been providing clients with trusted strategic advice and accounting services since graduating from university. While Nick can service a broad range of clients, he holds particular expertise in family-owned businesses and those within the Health, Child Care, and Property and Construction sectors. Prior to joining RSM, Nick worked at another mid-tier accounting firm.

“I enjoy working directly with business owners to make an immediate impact. Achieving positive outcomes for my clients and celebrating wins with the team is what motivates me professionally.”

Outside of the office, Nick has a passion for travel and enjoys rugby league and staying active.

SOLUTIONS NICK PROVIDESNick Farr is a Senior Manager in our Business Advisory division, providing support and advice to a diverse range of small to medium sized businesses and high net worth individuals.

  • Business strategy and development
  • Financial management
  • Family wealth and private client

SIGNIFICANT PROJECTS

  • Worked closely with a client in the health industry to facilitate a $12m bank refinance.
  • Provided financial due diligence on multiple GP clinic acquisitions.
  • Developed and implemented a strategy for a large family business to assist them with their intergenerational succession planning.

ASSOCIATIONS

  • Member, Chartered Accountants Australia and New Zealand

QUALIFICATIONS

  • Bachelor of Commerce (Accounting)
  • Bachelor of Business Management (International Business)
Publications

ATO’s compliance approach - allocation of professional firm profits

25 November 2022
16 December 2022 will mark 12 months since the ATO’s release of Practical Compliance Guideline PCG 2021/4 – the new tax compliance approach to the allocation of professional firm profits. With a commencement date of 1 July 2022, this means that we are now halfway through the first income tax year where these new guidelines apply, and that ti...

Updates from the QBCC: The move towards General Purpose Financial Statements

20 September 2022
As of 1 July 2022, the Queensland Building and Construction Commission (QBCC) have started enforcing the preparation of General Purposes Financial Statements (GPFS) for all financial statement lodgements following the end of the 12-month transition to AASB 2020-2 and AASB 1060. Who needs to prepare GPFS? Licence Categories 1-3: When lod...

Tax Insights | June 2022 edition

30 June 2022
In our June 2022 edition of Tax Insights we take a look at EOFY tax planning, the effect of Divison 7A in family law property settlements, and how the election result could implicate FBT on car parking.

EOFY Tax Planning

21 June 2022
What to consider when tax planning for End of Financial Year With the end of the financial year looming, it’s time to think about your tax planning options before 30 June 2022 hits.  We’ve curated a list of top things to focus on when organising your tax affairs for the 2022 year-end, applicable to businesses, primary producers, trus...

Financial Assistance for Flood Victims in Queensland

9 March 2022
Queenslanders facing the enormous task of cleaning up and rebuilding their local areas and homes may be slightly comforted in knowing there are now several state and federal funding grants available to them. The QLD State Government announced a $500m financial support package to assist communities that have been affected by the recent Queensland...

New grants available to QLD businesses impacted by lockdown

23 August 2021
The Queensland Government has announced a new $10,000 - $30,000 grant to assist businesses impacted by the latest lockdown commencing 31 July 2021 with funding business expenses.  Applications for the 2021 COVID-19 Business Support Grants are open from 16 August 2021 and will close on 16 November 2021.  All eligible businesses who appl...