For those clients involved in a primary production of horse breeding, we can provide some or all of the following:

• Annual livestock accounts which show horse movements throughout the year and calculate the trading profit or loss
• Annual writedown schedules, taking full advantage of the unique tax depreciation rules available for livestock
• Annual broodmare activity reports, which provide a snapshot of the recently completed and future breeding season
• Developing strategies to ensure compliance with the non-commercial loss provisions of the Tax Act, if required
• Detailed written and/or oral advice as to our assessment of your operation under the crucial Business vs Hobby test
• Business Plan and financial projections for those commencing or restructuring their business - Strategy to take advantage of the legislation to defer taxation on livestock insurance proceeds
• Assisting foreign owners and breeders minimize exposure to Australian taxes and comply with their filing requirements
• Representing clients in discussions with the Australian Taxation Office
• Communicating to racing authorities your updated GST status
• Assisting with the annual ‘culling’ program
• Cashflow forecasting