Primary producers are sometimes regarded by ‘city people’ as unsophisticated or uneducated. The fact is, businesspeople in primary production are a linchpin in the Australian economy and they run very complex, demanding, high-performing businesses.
Talking about SMEs, we would even say that most of the primary producers we work with are closer to the ‘medium’ than the ‘small’ business category. How many city people would guess that?
Doing accounting for primary producers is much more complex than it is for most small, city businesses. It calls for industry knowledge and familiarity with thousands of pages of taxation law – much of it changing year-to-year – that governs the tax credits and requirements that are critical to primary producers.
Our accountants have worked with graziers, landowners, various agriculturists and fishers for years. They understand the special blends of costs, depreciation, seasonality, market shifts and commodity price fluctuations that make primary production a challenging AND rewarding venture.