Rural accounting services

RSM is the largest provider of rural accounting services to businesses in the remote communities of Australia.

RSM is the largest provider of rural accounting services to business is regional Australia.Because of our long heritage delivering accounting and advisory services to rural enterprises, we understand the special challenges faced by business owners in remote locations. Our specialist team provide rural accounting services to support practitioners in the regional network, and ensure our rurally based clients receive timely advice, whether simple or complex, regardless of their location.

Technology has changed agriculture and accounting dramatically but one constant over the years is the willingness of RSM accountants to travel to the family farm or business to sit down and discuss the financial affairs with you. We believe that, this way, we achieve a greater awareness of your farming business and provide a better service as a result.

Rural accounting services for the agribusiness sector
RSM offers a broad range of rural accounting services that are tailored to farmers and agribusinesses.

These services include:

  • Specialist knowledge of rural accounting and taxation issues
  • Business planning for major rural businesses
  • Financial management (from cash books to cash flows)
  • Feasibility studies for community infrastructure
  • Audit of financial statements
  • Restructure of family businesses
  • Succession planning
  • Self-managed superannuation

Understanding your specific needs

Whether your business is a 'hobby farm' or one of Australia’s largest food suppliers, RSM understands the vast nature of agribusiness.\

RSM has experience with businesses that operate in:

  • Agriculture and food production
  • Pastoralists and livestock graziers
  • Horticulture
  • Wineries
  • Commercial fishing and aquaculture
  • Transportation and machinery

find_out_more_-_agrimaster.jpg

Is TFE best for a depreciating asset like an old tractor?

Temporary full expensing of depreciating assets: who wins?

As the end of financial year looms, everyone is thinking about tax. That makes it a good time to examine the value of asset write-off rules. Temporary full expensing of depreciating assets has been extended, but do small businesses benefit?
Read more
Change in the NSW Stamp Duty Act a win for Succession Planning for Farmers

Change in the NSW Stamp Duty Act a win for succession planning for farmers

Succession planning for farmers has changed for the better.  Changes made by the NSW Government to the Duties Act will now mean that land that is being transferred under the Intergenerational Stamp Duty Exemption can be directed to non-individuals such as a discretionary trust or a self-managed superannuation fund.
Read more
Farm Tax Planning – Don’t miss a golden opportunity

Farm Tax Planning – Don’t miss a golden opportunity

With the end of the financial year approaching fast, it's time to focus on tax planning for your farm and start the next 12 months off right.
Read more
Learn how to maximise your Fuel Tax Credits

Learn how to maximise your Fuel Tax Credits

The Fuel Tax Credit system as we currently know it was introduced in July 2003, replacing the previous Diesel Fuels Rebate Scheme.
Read more
Getting the hay to market - What to do after you have been busy in the sun

Getting the hay to market: What to do after you have been busy in the sun

Western Australia has had an old-fashioned winter, which has meant something different for everyone.  Despite flood, low growing-season rainfall, frost, labour and contractor shortages, many farms will come out the other side with a good year after a wet winter and favourable conditions.
Read more
An overview of taxation issues in carbon agribusiness

An overview of taxation issues in carbon agribusiness

The Carbon Credits Act 2011 CFI (Carbon Farming Initiative) and supporting regulations have established a framework to allow projects, which remove carbon dioxide from the atmosphere or aim to avoid emissions of greenhouse gases to generate credits.
Read more
Using digital farm finance to future-proof your farm

Using digital farm finance to future-proof your farm

The gross value of agricultural production is expected to reach a record of over $66 billion in 2020–21 according to the Department of Agriculture, Water and the Environment.
Read more
How to structure your tourism or hospitality business

How to structure your tourism or hospitality business

One of the most important steps when taking the plunge into starting a business is also one of the most overlooked parts of the process. Making sure you are set up in the correct structure from the beginning can ensure that serious, and expensive, ramifications are avoided down the track.
Read more
Make hay while the ‘cashflow’ sun shines

Make hay while the ‘cashflow’ sun shines

Have you got good cashflows coming in and ultimately, what are the best ways to use this cashflow?
Read more
Succession plan in place – what needs to be done next?

Succession plan in place – what needs to be done next?

Farming families generally acknowledge that having a documented succession plan is a good idea.
Read more
Managing expectations in farm succession

Managing expectations in farm succession

Farm succession can take on a different meaning for different people and managing expectations around succession is often tricky.
Read more
Farm Succession Planning and the four fundamental questions you need to know

Farm Succession Planning - Four fundamental questions

Farm succession planning is undeniably multifaceted. Not only do you need to consider the needs and wants of the older or retiring generation, but also the younger generation farmer and their siblings – who are probably not all farming, yet will all need to be brought to the table.
Read more
farm budget

Maximising the value of a farm budget

For many farmers preparing a farm budget is all about identifying lending requirements for the year, prior to meeting with the local bank manager. As part of this process, a statement of position is also usually prepared which will calculate the farmer’s equity position.
Read more
success

What is your success?

What does success look like for you? Is it as simple as just getting through the season with the bills paid, or is your road map for the future a bit more complicated? How long do you want to work or need to work?
Read more
Budget 2020

Budget 2020 - Game Changer

Due to the COVID-19 Pandemic, the 2020-21 Budget was deferred from May to October. Over those six months, the changing economic landscape has created a recession and arguably the most severe economic crisis since the Great Depression.
Read more

Pages