Our Accredited Partner Programme is designed to recognise those accounting firms we regard as experts in the agricultural sector. They have demonstrated outstanding knowledge of Cashmanager RURAL, and can help add value to your farming business. In this blog we profile BDO Gisborne.
Being part of a national network, with offices in 10 centres around New Zealand, gives BDO Gisborne a unique national perspective on the issues faced by farmers.
The Gisborne office can be broken down into business sectors, such as Farming, Maori Business and Commercial work, each led by specialists in the sector.
There are six partners and about 70 staff at the Gisborne office, and the practice is involved with local farming and community groups such as Federated Farmers, Waipaoa cadet training for the education of the next generation of farmers, and drought committees.
It consults regularly with Inland Revenue (IRD) on primary sector changes, on behalf of clients, and examples include changes to the Herd Scheme and drought declarations.
“We have built a livestock model to calculate livestock taxes, which is sold to the IRD and a large number of accounting practices in New Zealand. Partner Charles Rau is also on the primary sector Rural Advisory Committee, which consults with the IRD on tax policy in the farming sector.”
BDO can regularly be seen commenting in the local and national press on issues facing the primary sector, and provides specialist primary sector advice on tax planning and carbon credits.
It has a specialist group that looks after Maori farming, including the management of farming operations, so is well placed to comment on Maori farming issues too.
Another area BDO works in is farm succession, helping families with succession plans to either take over the family farm or prepare it for sale.
“We have experience with all sized farms, from your mum and dad owner-operators to corporate farming entities. We also have accredited staff to assist clients with software queries and training, if required.
“The ability to measure results and identify what makes clients successful is important, and being able to prepare budgets, monitor them and update them regularly is key to our success with clients.”
BDO Gisborne has found that clients who use Cashmanager RURAL are more likely to be successful, try new ideas, and succeed in tough times.
Useful features include the ability to undertake scenario planning, instant access to up-to-date information to drive decision making, and the practice is able to work with clients and their files from various locations – a face to face meeting is not necessarily required.
“Cashmanager RURAL also reconciles livestock numbers into financial information to provide production information.”
BDO Gisborne believes it is important it has the expertise to utilise Cashmanager RURAL to assist clients to achieve their goals and improve their skills, as well as being able to work effectively and efficiently for its clients.
“Cashmanager RURAL helps us to understand the farming business in order to provide good business advice to our clients. Becoming an Accredited Partner is another step towards keeping up with changes in technology, improving industry knowledge and building on the relationship already established with Cashmanager, to help it continue improving its product offering.”