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From personal tax returns, to GST, succession planning, farming benchmarks, Self Managed Super funds and everything in between.
Over the years, we’ve learnt that growing a business requires a partnership between the owner and their trusted advisors.
GJ Waters advisors are accredited specialists, chartered accountants, registered company auditors and business advisors with in-depth knowledge of many industries including:
We are dedicated to helping the local community and support a number of local charities and sporting clubs.
With changes to technology, there are many bookkeeping and accounting options. Some have familiar names like Xero and Reckon Accounts. Others are more specialised and suited for agricultural accounting. Talk to GJ Waters about what program is right for you and how you can get a more granular look at your exact position, to help make those important decisions much easier.
With three offices in Hamilton, Coleraine and Casterton, GJ Waters covers a wide area of regional Victoria. We will also come to you.
If you are an individual or an existing small to medium business entity, or wanting to startup from scratch, get us on your side.
We provide a full range of accounting services for individuals and small to medium business entities.
Succession planning for farmers can be difficult and at times stressful, however it is very important. Often different members of a family have varying goals and expectations when it comes to their inheritance. Sometimes planning can seem like a huge task with too many different decisions to be made which risk conflicts and disagreements. This is why succession planning should be discussed early and regularly so that all family members know what is to be expected.
Succession involves far more then just transferring assets, it is an evolving process as the current owner winds down and the next generation steps in. This can cause tension within the family among siblings if one child is taking over the farm or with the parents as letting go is not easy. This is why open dialog and constant discussion is so important.
Generally, a plan will be put in place now in order to achieve succession at some time in the future. If you are not considering moving assets to the next generation at present, you should always be mindful of preparing for succession in the future.
At GJ Waters & Associates we understand farming businesses and the issues that arise in forming a succession plan.
There are a number of steps to a succession plan: