Walsh Rural
Walsh Rural is a dedicated division of Walsh Accountants and is led by accountants that come from farming communities. We are passionate about the viability of the industry, and understand the everyday challenges faced by farmers and those in the agribusiness sector.
In addition to supporting our rural clients keep on top of their general compliance, we provide primary producers with advice and commercial strategies that takes advantage of state and federal grants and incentive programs, accessing primary producer tax concessions, and working with industry specialists to deliver efficiencies through the agricultural value chain.
Our agribusiness division offers services including:
Tax, Accounting, and General Compliance services
Assessing market entry and expansion opportunities
Identifying appropriate business operating structures
Seeking investment opportunities and finance
Increasing handling and storage efficiencies
Reducing costs to run a lean business operation
Understanding the government’s climate change & land stewardship initiatives
Preparation and lodgement of Government Grants
Succession planning for the next generation of farmers
SWOT analysis
How can Walsh Rural help you?
Success stories for our clients:
Government Research & Development Funding for Soil Testing
We are in the business of business – we live it; breathe it; and we love it! Our Focus Advisory team thoroughly enjoy working with their clients and watching them achieve their goals and growing their businesses and their profit beyond their belief.
We work very closely with our clients, becoming an integral part of their support network. Helping to hold them to account each month/quarter; it is incredible the profound and positive impact this has on their overall position – immediately and long term.
Let us share our experience and passion with you – contact our Focus Advisory Team today so see how we can help you and your business.
Technology for Agriculture Supply Chain Network
We are currently working with Blockchain architects to determine how this technology can deliver increased efficiencies to the agricultural supply chain network and ensure we can remain at the forefront of technological advancements.
Successful Infrastructure Grant Application
A consortium of investors approached Walsh Accountants to prepare an infrastructure grant application to the Qld Government. The purpose of the grant was to assist with funding technological advancements to ensure a reliable water supply for irrigation on parts of the Darling Downs. We were able to secure funding of $1,500,000 for the client.
Restructure & Succession Planning for Family Farming Business
We were engaged to complete an Estate Tax Return on behalf of a family that owned and operated a number of primary producer farms. As well as assisting with completion of the returns we were able to identify the opportunity to restructure the family business into business units; that not only separated different risk areas but also ensured profits flowed in the most tax effective manner to the appropriate family members. The family were able to access all the Small business CGT concessions to ensure the restructure was completed with minimal tax consequences.
Tax Minimisation Strategies using Primary Production concessions
We have prepared returns for numerous eligible clients ensuring they access the specific PP taxation concessions such as averaging provisions, farm management deposits, accounting for forced disposals, accelerated depreciation provisions etc. to minimise taxation liabilities.
Walsh Accountants is the Gold Coasts longest standing family owned Accounting Firm. Since 1976 we have been at the cutting edge of professional expertise and tailored client assistance.
If you are a Rural /agribusiness and you need a dedicated team to “think outside the box” and help you manage your business; or provide opportunities to help you take your business to the next level, we encourage you to contact our directors, Donna Bruce or Murray Kilpin to explore the opportunities that may be available to you.
Team members
Principal Consultant
Senior Accountant
Accountant
Senior Manager
Director
Director
Our Awards
News from this team
Supported by Sunsuper, the Dream for a Better World Grant is offering funds to businesses that tie in with one of the UN Sustainable Development Goals. If you are in these ‘doing good’ categories they may be interested? To qualify, your dream (an innovative solution, project, or initiative) must aim to tackle a local or […]
News, Research and Development and Innovation, Hospitality and Tourism, Focus Advisory, Business & Entrepreneurial Support
This grant will assist QLD small businesses who have been forced into hibernation, or who had to significantly change business operations as a result of the pandemic. The program aims to help small business prepare for safe resumption of trading and recovery and access new opportunities to relaunch their business. The grant amount is a […]
As restrictions start to ease, it is time to plan your pathway out of hibernation and help unleash your potential in the post COVID-19 business world. Refresh, Reload, Relaunch planning Designed to allow you to think critically about your business, the direction you need to take out of hibernation, and the action steps that need to be […]
Deep strategy work is time-consuming because the marketplace is constantly changing. If you’re looking to effectively relaunch your business right now – time is of the essence so speed trumps precision. Review and define your strategy using these tools, worksheets, and asking yourself key strategic questions. Identifying your Strengths, Weaknesses and Trends will help get […]
It has been said that your people are the most valuable resource as every element of your business circles back to your people. By understanding and nurturing the human element to your organisation, you’ll be more profitable, lead more effectively, create brand loyalty, close more deals, and produce better work. However, you need to ensure […]
Act Now – you don’t want to look back with regrets to what you didn’t do, or what you didn’t take advantage of We need to adapt to the changes that are happening around us and accept that this will mean mistakes will be made. We need to be willing to fail fast, learn from […]
In order to have the ability to protect and support your company, your employees, and your customers – you need to stay alive. Cash; or access to it, will be the lifeblood you need to do this. For any business to survive, cash flow is undeniably the single most important factor determining its propensity for […]
Failing to plan is planning to fail. Business owners need to be proactive during uncertain times to avoid business catastrophe and unnecessary sleepless nights. The following 8 steps are for business owners to consider to survive then thrive. Step 1: Assess future sales revenue for the next three months –what do you need to keep […]
The Australian Government has introduced the JobKeeper payment to enable coronavirus effected businesses to retain staff and help them keep their businesses open; and bounce back after the crisis. From 30 March 2020, eligible employers can claim $1,500 per fortnight per eligible employee for 6 months ending 27 September 2020, with the first payments being […]
News, Research and Development and Innovation, Walsh Health, Focus Advisory, Business & Entrepreneurial Support
RACGP Foundation and HCF Research Foundation are offering a Research Grant to General Practitioners for Impact of COVID-19 on General Practice. Purpose: Research to understand the impact of the COVID-19 pandemic on general practice. (e.g. the use of telehealth and telehealth item numbers and evaluation of COVID-19 clinics) Funding provided by RACGP Foundation and HCF […]
You have identified that your business activities are eligible for the Research and Development (R&D) Tax incentive and you have registered the activity with Innovation Australia. So it’s straight forward to make a claim now, right? Unfortunately not. With the ATO focusing on R&D with increased compliance and audit focus, there are important rules that […]
The Research and Development (R&D) Tax Incentive registration deadline for those companies with a 30 June 2019 year end is rapidly approaching with the statutory deadline for lodging an application for the year ended 30 June 2019 being 30 April 2020. Eligibility Criteria for R&D Tax Incentive You can only benefit from the program if your initiatives […]
This program provides targeted assistance for small and medium business that demonstrate high-growth and employment aspirations. The fund will enable successful applicants to purchase and implement specialized equipment to help them seize growth opportunities. Funding of up to $50,000 (excluding GST) is available for eligible businesses to purchase and implement highly specialized equipment. These purchases […]
What opportunities will this present to your business? In 2019, I attended the annual Family Business Australia conference in Melbourne. I was fortunate to hear a presentation by Vaughan Scott, Professor in practice (MBA Programs) at University of Louisville College of Business. Vaughan highlighted some interesting statistical trends that as a business owner; peaked my […]
As we begin the New Year, many people set themselves to the task of making New Year’s resolutions for themselves. If you are a business owner and you want to continue to grow your business, then perhaps you should consider making resolutions and setting some goals for your business? By setting goals for your […]
A quick google of ‘Productivity’ will lead you to an overwhelming avalanche of tips, tricks, hacks, and methods. But what really works? What methods are tried and tested? What small details, the 1 percenters that you could implement to improve your day to save out some extra time? To answer this I have looked to […]
Business Purchase Specialists, News, Business Sales Specialists, Business & Entrepreneurial Support, Walsh Health, Estate Administration, Focus Advisory, Complex Individuals, Walsh Property, SMSF Division, Hospitality and Tourism
We are very proud to announce that Walsh Accountants have been named on the Australian Financial Review Top 100 Accounting Firms for 2019 The second year since making our debut in 2018. Thanks to the Team at Walsh Accountants To say we are proud to be included on the Australian Financial Review Top 100 Accounting […]
Estate Administration, Uncategorized, Focus Advisory, Complex Individuals, Walsh Property, SMSF Division, Hospitality and Tourism, Business Purchase Specialists, Category 1, Business Sales Specialists, Business & Entrepreneurial Support, News, Walsh Health
The Gold Coast Women in Business awards was held on Friday 18th October at the Gold Coast Convention and Exhibition Centre A powerful platform for Women in Business The Awards is a very powerful platform that celebrates the achievements of women and female leaders across the Gold Coast region. Being an award category sponsor for the past four years, […]
In 2014, the ATO offered a penalty amnesty on undisclosed foreign income. Five years on, the ATO has again flagged that underreporting of foreign income is an issue but this time there is no amnesty – the gloves are off. How and what you are taxed depends on your residency status. The residency tests don’t […]
Are you, or anyone you know, in Manufacturing? Could you/they benefit from The $50 million Manufacturing Modernisation Fund Earlier this month, our Principal Consultant Gavin Austin attended an AusIndustry briefing on a new “Manufacturing Modernisation Fund”. The fund will potentially benefit any SME manufacturing business Applications for this grant close at 4.00 pm Thursday 31 October, […]
Business Purchase Specialists, News, Business & Entrepreneurial Support, Walsh Health, Estate Administration, Focus Advisory, Complex Individuals, Walsh Property, SMSF Division
As the dust settles and the Walsh Accountants Entrepreneur’s Cup wraps up for another year, our team are so proud that we managed to organise and host another very successful event. It was a day full of fun and laughter with family and friends all whilst networking with the amazing business people of the Gold […]
A consistent theme this tax time is over-claiming and under reporting. With the Australian Taxation Office (ATO) getting more and more sophisticated in its approach to data matching, taxpayers can expect greater scrutiny where their claims are more than what is expected. Your BUSINESS There are around 3.8 million small businesses, including 1.6 million sole […]
A consistent theme this tax time is over-claiming and under reporting. With the Australian Taxation Office (ATO) getting more and more sophisticated in its approach to data matching, taxpayers can expect greater scrutiny where their claims are more than what is expected. Your TRUST Timing of resolutions Trustees (or directors of a trustee company) need […]
This is a Budget not only designed to showcase the return to surplus (and by default the Government’s economic credentials) but engage voters with initiatives to make them feel like they are more prosperous. A massive infrastructure spend adds to this sentiment. The Government has also stated that it will keep taxes as a share of […]
The Australian Tax Office (ATO) is utilising data provided by the Australian Investments and Security Commission (ASIC) to data match share trades. The ATO is accessing more than 500 million records detailing price, quantity and time of individual trades dating back to 2014. The information complements information that the ATO already holds from brokers, share […]
For a while now, the Australian Taxation Office (ATO) has been concerned about tax deductions individuals have been claiming for a whole host of expenses. The latest on their ‘hit list’ are home office expenses. We guide you through what you can and can’t claim if you work from home. Last financial year, 6.7 million taxpayers claimed […]
Walsh Property, SMSF Division, Business Purchase Specialists, Business & Entrepreneurial Support, Walsh Health, Estate Administration, Focus Advisory, Complex Individuals
We are very honoured to announce that Walsh Accountants has won the 2018 Tax and Compliance firm of the Year for the SMSF & Accounting Awards. Shape We humbly accept this award and would like to take this opportunity to once again thank our clients for the nomination. We really appreciate your recognition of our work and […]
How the ATO identifies audit targets The ATO is very upfront when it comes to their compliance activity. Every year they publish small business benchmarks that outline what a typical business ‘looks like’ in different industries. If your business falls outside of those benchmarks, the ATO is likely to take a closer look at why that […]
A recent Parliamentary Inquiry into Tax Deductions created some fairly sensational headlines about what and how deductions are being claimed – $22 billion worth to be exact. In Australia, tax deductions are available for expenses incurred in producing assessable income. These are generally work-related deductions or investment related deductions. And, unlike some other countries, these expenses can […]
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