Dairynz Tech Series: Dairy Science In Action

As a dairy farmer, how do you go about choosing an accountant who truly understands your specific needs and challenges? How can you take full advantage of their knowledge and expertise? And what are some common mistakes rural accountants see farmers making, and on the flipside, things farmers are often good at in this area? Answering those questions and more in this episode is Nigel McWilliam, chartered accountant and director at MBS Advisors in Morrinsville, Waikato. Nigel is a dairying specialist accountant and is also a director shareholder of a 1200-cow farm in North Otago. Notes:Advice and support for your farm businessChapters:0:50 – Who is Nigel? 2:08 – How to choose the right accountant3:26 – What should a good accountant be able to do for you? 4:08 - Difference between tax and management accounts5:06 - How to gauge if an accountant truly understands farming 6:06 – ‘Interviewing’ an accountant 8:38 - Getting the most from your accountant on an ongoing basis9:47 – Building a good working relationship 1