Agribusiness Accounting
Tailored for the Unique Needs of Farmers
We didn't stumble into agricultural accounting — we chose it. We've built our practice around something more fundamental: the people who feed us.
With over 8 years of experience working exclusively with horticulture farmers and livestock producers across New South Wales (NSW), Queensland and Victoria, we understand the rhythm of farm life. Farms aren't like other businesses. They can't control their product pricing. They can't schedule their revenue. And they certainly can't predict the weather. Despite all this, farmers show up every day and do the work.
Our team at Tax Rizz consider it a privilege to support them. When we help a farm save money on taxes, improve cash flow management, or successfully transition to the next generation, we're helping preserve something important.
Our Specialised Agribusiness Services
Farming isn't a 9-to-5 business, and your accounting shouldn't treat it like one. At Tax Rizz, we understand the unique challenges farmers face because we work with them every day. As your trusted financial partners, we are committed to offering specialised agribusiness tailored to your needs.
Financial Reporting
Understand your farm's profitability and financial performance.
Profit & Loss Reports to track farm income and expenses.
Balance Sheet Preparation to understand your net position.
Cash Flow Statements to plan for seasonal variations.
Tax Preparation & Planning
Minimize your tax burden with agriculture-focused tax strategies.
BAS Lodgement to stay compliant with GST obligations.
PAYG Withholding for correct employee tax management.
Tax Minimisation Strategies tailored for agribusiness.
Bookkeeping & Payroll
Stay organized year-round with seamless financial management.
Xero Bookkeeping for real-time farm financial tracking.
STP Payroll Processing for smooth employee management.
Bank Reconciliation to keep your records accurate.
Consulting & Advisory
Get expert guidance for smarter decisions and long-term growth.
Strategic Business Planning for long-term farm growth.
Farm Performance Reviews to spot new opportunities.
Grant & Subsidy Advice to maximise your entitlements.
Succession Planning
Secure your farm's future with a smooth generational transition.
Family Succession Planning to structure ownership transfers for the next generation.
Cash Flow Forecasting to manage seasonal income and expenses.
Cost & Performance Analysis to identify areas for improvement.
Why Choose Tax Rizz for your Agribusiness Accounting?
At Tax Rizz, our team specialises in agribusiness accounting, delivering tailored solutions that address the unique challenges of farming. With deep industry expertise, we are committed to being the perfect partner for your farm's financial success.
Agricultural Accounting Specialists
We deeply understand farm finances as we have invested thousands of hours mastering agricultural tax codes and accounting.
Proactive Planning
The best accounting is proactive and not reactive. We help you stay ahead for what's coming next. Through regular check-ins, strategic tax planning and forward-thinking on challenges and opportunities, we keep your farming business prepared year-round.
Long-Term Partnerships
We are with you for the long term, supporting you through prosperous years, challenging times, expansions and transitions. We speak your language when it comes to finances and if something is unclear, we will again try to ensure that you fully understand.
Our Commitment
Your farm is more than just a business; it's your livelihood and legacy. Our team at Tax Rizz understand and respect the hard work and dedication that goes into every season. We offer tailored, timely and accurate accounting services that support your long-term success in farming business.
All-Inclusive CFO and Compliance Package for Farms
Farming today is more than growing crops and raising livestock. It is about managing cash flow, maximising profitability, staying compliant with regulations, and planning for the future. At Tax Rizz, we provide an all-inclusive CFO and compliance service designed for farmers who want to focus on their farm while we handle everything financial.
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Frequently Asked Questions
1. Do farmers have to pay land tax in Australia?
Land tax rules vary by state. In New South Wales and Victoria farmland may be exempt from land tax if it is used primarily for primary production. However, mixed use properties or restructures can trigger land tax.
2. What are the tax obligations for farm workers and contractors?
Farmers must withhold PAYG from employee wages and meet super guarantee obligations. For contractors, it's important to correctly classify workers — getting this wrong can lead to penalties. We help ensure your payroll and contractor arrangements are fully compliant.
3. How can farm succession planning reduce capital gains tax?
Proper succession planning can leverage CGT concessions available to primary producers, including the small business 15-year exemption, 50% active asset reduction, and retirement exemption. Early planning is critical to maximise these benefits when transferring farm assets to the next generation.
4. What depreciation can farmers claim on farm equipment and vehicles?
Farmers can claim depreciation on tractors, harvesters, fencing, water infrastructure, and vehicles used for farming. The instant asset write-off allows eligible businesses to immediately deduct the cost of assets up to the threshold. We ensure you claim every deduction available under current ATO rules.
5. Can you handle all my compliance obligations as a farmer?
Absolutely. We manage BAS and GST lodgements, income tax returns, PAYG withholding, superannuation, FBT, ASIC compliance, and WorkCover obligations. Our all-inclusive packages mean you can focus on running your farm while we take care of everything financial.
