Accounting for the Equine Industry

Specialist Chartered Accountants for Horse & Racing Businesses Across Australia – from the leading Australian Small Business Accounting Firm & Women’s Regional Professional in 2023 & Australian Regional/Suburban Accounting Firm in 2024

Running an equine business isn’t like running any other business – and as horse owners, breeders and riders ourselves – we understand that. Whether you are a trainer in the racehorse or performance world, a breeder, agistment facility owner, riding coach, saddle fitter or bodyworker, the finance and compliance side of your business requires a deep understanding of the industry. 

At Palfreyman Chartered Accountants, we specialise in supporting the needs of equine and racing businesses across Australia. Based in the heart of the Hunter Valley – a hub for horse studs, training stables, racing and equestrian sport – we combine real-world horse knowledge with decades of accounting expertise to help you manage your finances, grow your business, and achieve long-term success. 

As the 2024 Australian Accounting Awards “Regional/Suburban Firm of the Year”, the 2023 Australian Small Business Champions “Accounting Firm of the Year” and the 2023 Women in Finance Awards “Regional Professional of the Year”, you can be reassured we understand the importance of delivering exceptional service, staying ahead of regulatory obligations, and maintaining clear, consistent communication with ongoing review. 

Who We Work With:

We proudly support clients across the entire equine and racing spectrum, including:

  • Racehorse trainers & owners
  • Thoroughbred & Standardbred studs
  • Performance training & competition stables - including dressage, show horse, eventing and showjumping professional riders
  • Coaches/instructors, clinicians & competition riders
  • Performance horse studs
  • Agistment properties
  • Riding schools & equestrian centres
  • Syndicators & bloodstock agents
  • Equine vets, dentists, therapists & service providers
  • Farriers, bodyworkers, saddle fitters & more

Why Choose an Accountant Who Understands the Equine & Racing World?

Unlike many industries, equine and racing businesses face unique financial structures, seasonable income flows, and regulatory requirements. We help you navigate the complexities of:

Accounting & Booking Tailored to Equine Operations
Track multiple horses, owners, facilities and syndicates with streamlined systems.
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GST, Income & Capital Gains Tax
Understand what is assessable - from prize money and syndication income to horse sales and training fees.
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Cash Flow Planning for Seasonal and Performance-Based Income
Stabilise your business during off-seasons or downturns in performance.
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Asset Management & Depreciation
Claim correctly on floats, trucks, stables, feed, hay and training/racing equipment.
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Agistment, Breeding & Training Deductions
Maximise legitimate claims on feed, vet care, competition/racing nominations, spelling and travel costs.
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Primary Production Status Assessment
Clarify whether your horse operation qualifies as a business for tax purposes.
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ATO Compliance & Licensing Requirements
Stay on top of your obligations as a trainer, breeder, owner or manager.
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Succession & Property Planning
Protect your land, bloodlines & legacy for the future.
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More than just tax returns.

We build long-term relationships with our clients and provide year-round support, including:

Tax Minimisation Strategies

Business Structure & Licensing Advice

BAS, STP & Payroll Support

Budgeting, Forecasting & Cash Flow Planning

ATO Audit Support & Industry Compliance

Xero, MYOB, QuickBooks & Equine Business Software Set Up

Whether you are training winners, managing a boutique breeding operation, balancing a mobile vet practice with family, or growing an agistment facility, we understand how the horse world works – and how to make it work financially for you. 

What Our Clients Say

We are proud to be trusted advisors to horse and racing professionals across Australia. Here’s what some of our clients have to say:

The team at Palfreyman Chartered Accountants have been invaluable from the very beginning of my dressage training business. From structuring my business according to it's stage through to navigating the complexities of tax obligations specific to horse businesses, they've helped me create a roadmap for growth, showing genuine interest in the sustainability and profitability of my stables. It is incredibly reassuring to have an accountant who understands the seasonal nature of the industry, the investments involved with the horses and property, and the importance of aligning financial decisions wtih performance goals. Their advice has given me the clarity and confidence to grow my business with purpose. I highly recommend them to anyone in the equine industry looking for professional, practical and forward thinking accounting support.
Moonbah Performance Horses
Moonbah Performance Horses
Palfreyman Chartered Accountants has exceeded our expectations with diligence and excellence shared from Simone and co. Taking the time to make sure information is understood, delivered on what is promised and offering insights and options. I am happy to recommend them to anyone who wants to feel like a valued client, irrespective of the size of your business.
Megan CusakNureidun Spanish Horses
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Let's Talk Horse Business.

Whether you are at the track, in the saddle or behind the scenes, we are here to support the business side of your equine life. Fill out the form below to request an appointment with one of our accountants or advisors.