Agriculture & Primary Production
Farm Accountant for NSW Primary Producers
Income averaging, farm management deposits, primary producer tax concessions and BAS — handled by an accountant who understands agriculture.
Primary producers in NSW face unique tax concessions and accounting obligations — income averaging to smooth volatile incomes, farm management deposits, livestock valuation methods, and primary producer GST concessions. ANH Accounting works with farmers, horticulturalists, and agribusinesses across NSW.
Who we help in agriculture & primary production
Broadacre and livestock producers
Income averaging, FMDs, livestock accounting and cash flow across seasons.
Horticulture and growers
Seasonal labour, GST, equipment finance and fuel tax credits.
Hobby farms moving to a business
Hobby versus business tests, structure and registering for primary producer concessions.
The accounting challenges agriculture & primary production face
We have seen these issues repeatedly — and know exactly how to resolve them.
Variable income and income averaging
Agricultural income fluctuates significantly with seasons, commodity prices and weather. The ATO's income averaging provisions allow primary producers to smooth their tax liability across years, significantly reducing tax in high-income years.
Farm management deposits
Farm management deposits (FMDs) allow primary producers to set aside pre-tax income in good years to draw on in lean years. Used correctly, FMDs are a powerful tax and cash flow management tool.
Livestock and crop valuations
The election to use the cost or market selling value method for livestock can significantly affect your taxable income. Opening and closing stock valuations must be correctly determined each year.
Primary producer GST concessions
Primary producers have specific GST concessions, including the ability to account for GST on a cash basis and access to certain GST-free supply rules for agricultural products.
Free 30-minute strategy session
Get clear advice for your agriculture & primary production business
- A registered tax agent reviews your situation
- You leave with at least one practical next step
- No obligation, and we reply within 24 hours
What we do for agriculture & primary production
- Annual tax returns with income averaging
- Farm management deposit planning
- BAS preparation & lodgment
- Livestock and crop accounting
- Business structure advice
- ATO correspondence
- Xero bookkeeping
- Cash flow planning for seasonal income
What you can expect
Income averaging applied to minimise tax in high-income years
Farm management deposits used strategically for cash flow and tax
Livestock valuations correctly determined each year
All primary producer concessions and deductions captured
Why agriculture & primary production choose ANH Accounting
Start with a free 30-minute session
We review your situation, identify savings opportunities, and outline exactly what we can do for your agriculture & primary production business — no charge, no obligation.
After hours & weekend appointments available
Rated 5.0 on Google from 36 reviews
What clients say about working with ANH Accounting
Khaled was incredibly professional and prompt in assisting us with our ASIC paperwork. His efficiency and attention to detail made the process seamless. This is the kind of exceptional service everyone desires. Thank you, ANH Accounting, and a special thanks to Khaled!
I recently had the pleasure of working with ANH, and I can confidently say it was a fantastic experience! The quality of service was outstanding, with attention to detail and a commitment to excellence evident in every interaction. I appreciated their transparency throughout the process, making it easy to stay informed and involved.
Khaled was my accountant, very professional and gets the job done quickly. 5 Stars all day.
Common questions from agriculture & primary production
What GST concessions are available to primary producers?
Primary producers can elect to account for GST on a cash basis, which means you account for GST when you receive or make payment rather than when you invoice. This is beneficial for businesses that give or receive extended credit terms. Certain agricultural sales may also be GST-free under specific provisions of the GST Act. We review your business activities and ensure all applicable concessions are applied.
How do farm management deposits work, and what is the tax benefit?
A farm management deposit (FMD) lets eligible primary producers deposit income in good years and claim a deduction, then withdraw it in later years when income is lower and add it back as income. This smooths your tax. Eligibility and limits apply, so we plan deposits and withdrawals around your income.
Is income averaging worth it for a farm with uneven years?
Income averaging spreads your taxable primary production income over five years so that a big year does not push you into a high tax bracket. It can be valuable when income swings widely. We calculate whether it saves you tax each year.
What are the fuel tax credit rules for farm machinery?
Fuel used in farm machinery, equipment and off-road vehicles is generally eligible for fuel tax credits, claimed through your BAS. Records of fuel use are required. We calculate your claims.
Hobby farm or primary production business: how does the ATO decide?
The ATO looks at scale, intent to make a profit, commercial operation and records. Hobby farms cannot offset losses against other income and are not eligible for primary producer concessions. We assess your position.
How should succession of a farm be structured for tax?
Succession involves CGT, stamp duty, family agreements and structure, and the wrong approach can create large tax bills. We work with your legal adviser to design a plan that keeps the farm in the family tax-effectively.
Related accounting specialisations
General information only, last reviewed October 2026. Tax rules and thresholds change, so confirm your situation with ANH Accounting (Registered Tax Agent RN 26258346) before acting.
Ready to get your accounting handled properly?
Book a free 30-minute session with ANH Accounting. We'll review your current situation, find opportunities, and tell you exactly what we can do for your agriculture & primary production business.
Registered Tax Agent RN 26258346 · IPA · IFA · CPA · CA · Xero Certified · Est. 2018