Primary production is one of the largest industries within the Australian economy. Primary
Production includes cultivating or propagating plants, fungi or their products; maintaining animals
for the purpose of selling (farming); manufacturing dairy products; conducting operations relative to
fish; culturing pearls; planting of trees or felling of trees, and transportation of trees felled.
Knowledge of relative cost factors and industry percentages are key to effective advice for primary
production and KLAS remain up to date with these along with relative legislation affecting primary
production such as electricity connection deductions, water resource deductions, accelerated
deductions, deferred income provisions and a range of grants operated within the industry. For an
industry so spontaneous in its nature and dependant on seasons as a component of performance a
professional and experienced accountant is essential for management, profit generation and growth
along with asset growth.
When monitoring gross profit margin, mark up percentages, overhead costs and then the ATO
benchmarks on top it is little wonder that retail business feel the pinch on their time. With a
professional and reliable team at KLAS those worries are eliminated and our business owners are
able to focus on their key role in selling their product. Through providing regular feedback and client
education on what percentages mean what for your business our clients are in a position to
understand and steer their business. Quarterly, our clients receive a trading account and profit and
loss showing the performance of their business and any suggested improvement of focus areas. We
work with our retail clients to ensure they are well positioned for success.
TOURISM + HOSPITALITY
When your talent lies in the kitchen and in presentation of food and beverage bookkeeping,
accounting and compliance is usually far from your mind and can be an inconvenience on your time.
The importance of monitoring margins within this industry is paramount to your performance, as
something as simple as quantity of serves can impact your gross and net profit margin. Dealing with
multiple suppliers with multiple pricing mechanisms can make it as equally challenging to keep up
with price changes and margin impact. The team at KLAS can assist in systems for this industry and
provide regular reporting to ensure nothing slips under the radar.
Kristen grew up in the transport game and has an extensive knowledge of the industry, its people, its
suppliers, its financiers and its labour force. Road transport can be a difficult industry and
unforgiving at times, but is also very rewarding and there is no greater pride than a driver and the
presentation of their rig, which Kristen understands and shares. It is important to understand the
driving factors and cost pressure of transport along with the ability to source information relevant to
costs, pricing charges, tendering, fuel levy implementation, wages, NHVAS and Mass,
superannuation legislation and other regulatory requirements. Through associations with Natroad
(link, www.natroad.com.au) and other industry groups Kristen is able to advise on matters relative to
your road transport business and provide advice relative to the operations of your individual
business and its needs. Understanding the ‘transport talk’, having the contacts and providing
transport business with relevant, up to date advice are the key to the success of this arm of the KLAS
EARTHMOVING, CONTRUCTION + MINING
Growth within the mining sector has seen the emergence and increase of contracting business for
plant operation, civil construction and hire. In an ever changing environment and increasingly
competitive industry, advice on structure, asset protection, growth strategies, capital raising strategy
and financial sources along with management advice such as budgeting and forecasting is important.
At KLAS we have experience within this industry and can advise on a varying array of matters from
legal entity structure to the type of finance for equipment. We have accounting systems that
capture all your relevant data to enable completion of Business activity statements, financials and
income tax to free your time to effectively manage and run your business. We offer tools to assist in
tendering processes as well as internal cost monitoring for profit margin increases. By working with
a professional team, such as KLAS you can position your business ahead of your competitors and
ensure you maintain market share in this ever changing and exciting industry.
RAY WHITE FRANCHISEES