Industries

Typically, agribusinesses do not conform to any standard structure or mode of operation; each is a unique. We understand that agribusiness clients require not only experience with understanding business issues, but also the vagaries associated with dealing with agriculture and operating in regional areas.

Blackwood Partners has long-standing relationships with the agribusiness sector and has a history of providing services to a broad range of agribusiness clients, including:

  • consultants
  • contractors
  • livestock traders
  • importers and exporters
  • manufacturers of agricultural products
  • service providers
  • those involved in mining, extraction and refining of agricultural commodities
  • wholesalers and retailers of agricultural supplies

Blackwood Partners understands the challenges that agribusinesses face and has the unique combination of skills required to advise you effectively. We will work with you to ensure you are confident that your affairs are being well managed and your business has a clear vision for the future.

Blackwood Partners has long-standing relationships with rural and regional Western Australia, and particularly with the agricultural sector. Our agricultural division people have close personal connections with the country and a strong understanding of the issues confronting rural and agricultural businesses.

We have experience with dealing with agricultural clients across a broad range of geographical areas in Western Australia.

Primary production businesses face tax issues that are industry-specific, and Blackwood Partners has a long history of consulting on these, which include:

  • capital allowance (depreciation) provisions
  • drought tax relief
  • fringe benefit tax concessions for remote areas
  • farm management deposits
  • non-commercial loss provisions
  • fuel tax credits
  • profits from the forced disposal of livestock
  • research and development tax incentives
  • tax averaging provisions
  • trading stock issues particular to agricultural businesses
  • wine equalisation tax
  • zone tax offsets.

We also have familiarity with all accounting software commonly used by agricultural clients, including Agrimaster, Banklink, Quickbooks, Cashflow Manager, MYOB and Phoenix.

Blackwood Partners understands that Australian primary production businesses must continuously adapt to increasingly difficult trading conditions to ensure that they remain viable and sustainable.

Primary producers need to ensure that they adopt sound, innovative and efficient practices across all aspects of their businesses. Our aim is to give you confidence that your financial and administrative affairs are being managed effectively and efficiently and that you are aware of the tools and technology available to assist you.

Blackwood Partners has extensive experience of working with the building and construction industry and understands the financial, taxation and administrative issues they confront.

We understand specific issues associated with construction businesses, including project management, job costing and management, managing cash flow and funding issues.

We also have a strong understanding of the specific tax issues that affect building and construction businesses, including:

  • capital allowance (depreciation) provisions
  • capital gains tax
  • contractor arrangements
  • employment taxes
  • fringe benefit tax concessions
  • goods and services tax and margin scheme arrangements
  • payroll tax
  • personal services income
  • taxable payments reporting
  • trading stock and work in progress issues

Construction businesses have a tendency to be involved in syndicates and development projects, and Blackwood Partners has experience in consulting on the accounting, management and taxation issues that these may face.

We also provide advice on smaller developments and subdivisions. The taxation implications of these ventures, including capital gains tax, GST treatment and income tax issues, can be complex and significantly influence their viability. We can help you understand how these issues will impact your venture.

Irrespective of size, it is important that construction businesses can accurately and quickly measure their performance and anticipate their future position, both against individual contracts and with their overall business. We can assist you to ensure that your business confidently addresses these issues.

Blackwood Partners has extensive experience of a large range of contracting businesses and a strong understanding of the financial, taxation and administrative issues that they confront. Our clients work across many industries and range from one-person contracting businesses to significant plant intensive contracting businesses with large labour forces.

We have a strong understanding of the particular tax issues that contracting businesses face, including:

  • capital allowance (depreciation) provisions
  • capital gains tax
  • contractor arrangements
  • employment taxes
  • fringe benefit tax concessions
  • goods and services tax and margin scheme arrangements
  • payroll tax
  • personal services income
  • taxable payments reporting
  • trading stock and work-in-progress issues
Blackwood Partners has a broad exposure to a range of manufacturing and importing businesses and a strong understanding of financial, taxation and administrative issues that they confront.

Manufacturing and importing businesses have, arguably, some of the most complex and demanding financial, administrative and taxation requirements of all Australian businesses.

We have a strong understanding of the specific business, accounting and taxation issues which affect manufacturing and importing businesses, including:

  • accounting issues
  • inventory and work-in-progress management
  • job costing
  • treatment of foreign currency transactions
  • goods and services tax issues related to importing
Blackwood Partners works successfully in supporting a large range of professional service businesses, including architects, designers, financial planners, medical professionals, solicitors and lawyers, surveyors and a wide range of consultants.

As a professional services firm, we are able to pass on to you the tools and experience we have developed in our own business.

We have a detailed understanding of the application of the particular tax issues that professional services businesses face, including:

  • contractor arrangements
  • employment taxes
  • fringe benefit tax concessions
  • goods and services tax
  • payroll tax
  • personal services income
  • work-in-progress issues
Blackwood Partners works with a diverse range of retail businesses and has extensive experience with franchising, both from the perspective of the franchisor and the franchisee. We work with many individual retail businesses, as well as significant groups.

We are familiar with the major accounting software being used by retailers as well as the inventory management systems that they utilise.

We also have experience in implementing accounting and retail systems for individual businesses, as well as across large groups.

We have undertaken numerous retail group benchmark reviews and have a sharp understanding of the business performance that can be expected of your retail businesses.

Given the requirement for individuals to fund their retirement, superannuation has become a popular investment vehicle in Australia.

Blackwood Partners is well placed to provide advice to individuals, employers and superannuation funds in relation to superannuation.

We can provide you with full support services for self-managed superannuation funds, including advising on:

  • administrative and compliance requirements
  • audit support services
  • financial accounts and statutory reporting
  • income tax, GST and regulatory requirements
  • co-ordination of actuarial requirements
  • record keeping and accounting requirements
  • pension administration

We can also provide you with advice on using superannuation for retirement planning, wealth accumulation and estate planning, including:

  • optimising contribution strategies
  • creating and administering self-managed super funds
  • arranging geared superannuation
  • establishing and managing income streams
  • setting up inter-generational transfers
  • planning superannuation benefits
  • informing about superannuation investment restrictions
  • managing superannuation guarantee obligations
  • providing guidance on treatment of death benefits

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