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
Director, Walsh Accountants
Murray grew up in a small town of only 1500 people in New Zealand with his extended family owning a large dairy farm just outside of town. This is where Murray spent much of his weekends and school holidays as a child. To this day, Murray has a great interest in animals and agriculture – on his residential property in Guanaba on the Gold Coast he owns pleasure horses and has reared and sold small herds of cattle. Murray enjoys supporting farmers maintain and grow their businesses. Seeing firsthand the results achieved by our rural clients, is particularly interested in regenerative agricultural practices with a promotion of biodiversity.
Director, Walsh Accountants
Before leaving the property in 2000 to attend university and begin her career in Accounting, Donna grew up on her family farm just outside Tullibigeal central NSW. Along with Donna’s brother and his wife, her parents continue to operate the business. They are the 3rd and 4th generation of Ireland farmers, cultivating cattle, sheep, and grain. Although no longer living on the land, Donna will always have an interest in helping her parents and other farming families get the best outcome from their land and helping them manage and grow their business. Her focus on specific tax incentives available to primary producers and identifying funding opportunities for rural businesses.
Donna Bruce & Murray Kilpin Family Pictures
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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.
Our Awards
News from this team
Business Purchase Specialists, News, Business Sales Specialists, Business & Entrepreneurial Support, Walsh Health, Estate Administration, Women in Business, Focus Advisory, Complex Individuals, Research and Development and Innovation, Walsh Property, SMSF Division, Hospitality and Tourism
The Federal Treasurer, Mr Josh Frydenberg, handed down the 2021–22 Federal Budget on 11 May 2021. This was possibly the most anticipated budget in history as the government outlines its plans for economic recovery post-COVID. THE BIG NUMBER: Good news is Australia has experienced a stronger than expected economic recovery from the COVID-19 recession. This […]
Focus Advisory, News, Women in Business, Walsh Property, Hospitality and Tourism, Business Purchase Specialists, Business Sales Specialists, Business & Entrepreneurial Support, Walsh Health, Complex Individuals, Corporate and International Tax
Tax Planning is the epitome of creative accounting. It gives your Accountant the chance to look at your financial position and take advantage of numerous strategies and initiatives available to you to minimise the amount of tax you have to pay. 2021 is a particularly exciting year because there are multiple federal government budget announcements […]
Focus Advisory, News, Women in Business, Walsh Property, Hospitality and Tourism, Business Purchase Specialists, Business Sales Specialists, Business & Entrepreneurial Support, Walsh Health, Complex Individuals
The minimum percentage employers are required to pay is set to increase with the next increase to 10% due on 1 July, 2021. The scheduled increase of the super guarantee rate from 9.5% to 10% on 1 July 2021 is still yet to be officially confirmed by the Federal Government, with Australian Treasurer Josh Frydenberg […]
Focus Advisory, News, Women in Business, Walsh Property, Hospitality and Tourism, Business Purchase Specialists, Business Sales Specialists, Business & Entrepreneurial Support, Walsh Health, Complex Individuals, Corporate and International Tax
What does this mean for you? The Australian Government is lowering taxes for working Australians. Changes to the tax rates were designed to back small and medium-sized businesses and support middle income earners. What has changed? Individual tax payer Lowering the 32.5 per cent rate to 30 per cent in 2024-25, increasing the reward for […]
Walsh Property, News, Hospitality and Tourism, Business Purchase Specialists, Business Sales Specialists, Business & Entrepreneurial Support, Walsh Health, Complex Individuals, Focus Advisory, SMSF Division, Women in Business
The carry-forward rules allow you to make extra concessional contributions – above the general concessional contributions cap ($25,000 per year). An unused cap amount occurs when the concessional contributions made in a financial year were less than your annual concessional contributions cap. This carry-forward arrangement means you can contribute funds up to the unused concessional […]
Focus Advisory, News, Women in Business, Walsh Property, Hospitality and Tourism, Business Purchase Specialists, Business Sales Specialists, Business & Entrepreneurial Support, Walsh Health, Complex Individuals
As part of the 2020–21 Budget, the government announced that it will provide support to businesses and encourage new investment through a loss carry back regime. Eligible corporate entities that previously had an income tax liability in a relevant year and have subsequently made taxable losses can claim a refundable tax offset up to the […]
Focus Advisory, News, Women in Business, Walsh Property, Hospitality and Tourism, Business Purchase Specialists, Business Sales Specialists, Business & Entrepreneurial Support, Walsh Health, Complex Individuals
Businesses can immediately deduct the cost of eligible new and second-hand* depreciating assets. The eligible new assets must be first held, and first used or installed ready for use for a taxable purpose, between 6 October 2020 and 30 June 2022. Eligible Businesses Businesses with an aggregated turnover of less than $5 billion. For businesses […]
Walsh Health, News, Focus Advisory, Women in Business, Walsh Property, COVID-19, Business & Entrepreneurial Support, Hospitality and Tourism, Complex Individuals
On the 11th March, Prime Minister Scott Morrison announced a $1.2 billion stimulus package to support the domestic tourism sector with Australian travellers offered half-price flights to travel interstate. As part of its targeted support announcement, the Morrison government also announced an extension to and expansion of, its SME Loan Guarantee Scheme. Open to recipients […]
Walsh Property, News, Hospitality and Tourism, Business Purchase Specialists, Business Sales Specialists, Business & Entrepreneurial Support, Walsh Health, Estate Administration, Women in Business, Focus Advisory, Complex Individuals, Research and Development and Innovation
Identifying and embracing new ideas is a challenge for many businesses, especially those businesses who have not made this a key focus of their culture. This can be a major source of frustration for business leaders who realise that in order for the company to be as successful as it can be, it must be […]
Walsh Property, News, Hospitality and Tourism, Business Purchase Specialists, Business Sales Specialists, Business & Entrepreneurial Support, Walsh Health, Estate Administration, Women in Business, Focus Advisory, Complex Individuals, Research and Development and Innovation
One of the measures announced in the 2020-21 Budget was the temporary immediate expensing of depreciating assets. These rules allow businesses with an immediate deduction of 100 per cent of the cost of eligible depreciating assets. When is the eligibility period? The rules apply from budget night 6 October 2020 and will run through until 30 June […]
Walsh Property, News, Hospitality and Tourism, Business Purchase Specialists, Business Sales Specialists, Business & Entrepreneurial Support, Walsh Health, Complex Individuals, Women in Business, Focus Advisory, SMSF Division, Research and Development and Innovation
From 1 July 2021 the Transfer Balance Cap* (TBC) will increase by $100,000 from $1.6M to $1.7M. However, only members who have not yet commenced a pension will be eligible for the full increase with a new cap of $1.7M. If you have an already established pension, you will receive a proportional increase based on the unused […]
Walsh Property, News, Hospitality and Tourism, Business Purchase Specialists, Business Sales Specialists, Business & Entrepreneurial Support, Walsh Health, Estate Administration, Women in Business, Focus Advisory, Complex Individuals, Research and Development and Innovation
Many business owners become frustrated when their advisers don’t understand them or their business as well as they would expect. Whilst many business owner’s goals are similar, from an adviser’s perspective, there is such a wide variety of both long-term and short-term objectives that business owners have. Overlay these with the differences each business owner […]
Walsh Property, SMSF Division, Business Sales Specialists, Business Purchase Specialists, Celebrating Success, Business & Entrepreneurial Support, Women in Business, Walsh Health, Estate Administration, Research and Development and Innovation, Focus Advisory, Complex Individuals, Hospitality and Tourism
We are proud to announce that Walsh Accountants have been named on the Australian Financial Review Top 100 Accounting Firms for 2020 for the third year, having made our debut in 2018. In a year which has brought considerable uncertainty for individuals and businesses, we remain keenly focused on the needs of our clients. Partnering with our […]
Walsh Property, Category 1, Business Sales Specialists, Business Purchase Specialists, Celebrating Success, Business & Entrepreneurial Support, Women in Business, Walsh Health, Estate Administration, Research and Development and Innovation, Focus Advisory, Complex Individuals, Hospitality and Tourism
The Gold Coast Women in Business Awards were held on Friday 27 November at the Gold Coast Convention and Exhibition Centre. These Awards are a very powerful platform that celebrate the achievements of women and female leaders across the Gold Coast region. Being an award category sponsor for the past five years, we at Walsh Accountants […]
Mark Wood-Collier17 November 2020 Recently I was enjoying an al fresco breakfast with a friend in the Burleigh Laneways, our shorts still wet from our traditional post-run dip at Tallebudgera Beach. We eagerly awaited our food order, having burned over 1000 calories before breakfast. Fortunately, our coffee was rich and strong and our discussion was […]
The 2020-21 Federal Budget incorporates the largest government spending package in over 60 years. As specialists in business and entrepreneurial support, we are excited by some of the measures that have been announced and the positive impact they can have on our clients businesses. We would like to draw your attention to what we believe […]
Business Purchase Specialists, News, Show in Business in Australia, Business & Entrepreneurial Support, Walsh Health, Estate Administration, Research and Development and Innovation, Focus Advisory, Complex Individuals, Hospitality and Tourism, Walsh Property, SMSF Division, Business Sales Specialists
Treasurer, Josh Frydenberg has delivered the Coalition Government’s Federal Budget 2020-21. Rather than focusing on bringing the budget back to surplus which has been the case in previous years, this year it is focused on rebooting the economy and creating jobs. Taxation JobMaker Hiring Credit Economy 2020/21 Federal Budget Highlights Taxation The Morrison Government will […]
COVID-19, News, Research and Development and Innovation, Hospitality and Tourism, Focus Advisory, Government Grants, Business & Entrepreneurial Support
The Victorian Premier has announced a new business stimulus package including $3billion in cash grants and tax relief $1.1 billion in support of SME’s affected by coronavirus restrictions: Third round of Business Support fund grants which provides up to $20,000 for businesses with payroll under $10 million Grants of up to $30,000 for licenced venues […]
Now more than ever, business operators should have a plan in place to manage during uncertain times. Even if your business is not directly impacted, it’s likely your customers, your supply chain, and your workforce will be to some extent. So, how do you plan for uncertainty when every assumption is subject to change? Now […]
Jobkeeper is scheduled to end on the 30th September With government support programs due to end on the 30th September, business owners (and individuals) have 10 weeks to prepare themselves to survive without government financial assistance. Some industries have been hit harder; and will take longer to recover than others. No one truly knows what […]
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, Women in Business, 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 […]
Business & Entrepreneurial Support, News, Walsh Health, Estate Administration, Focus Advisory, Complex Individuals, Women in Business, Walsh Property, SMSF Division, Hospitality and Tourism, Business Purchase Specialists, Category 1, Business Sales Specialists
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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