Forsyths Business Services

What Forsyths Business Services does

Forsyths Business Services is a privately held Australian professional services firm headquartered in Armidale, New South Wales, operating seven regional offices across the Northern Tablelands and North West of NSW (Armidale, Tamworth, Gunnedah, Inverell, Narrabri, Coonabarabran, and Glen Innes). Founded in 1921 as WS Forsyth & Co, the firm became Forsyths following a 1980 merger with Rice and Kachel and subsequent consolidations with other regional accounting practices. It employs 150+ professionals and support staff serving small-to-medium business owners, individuals and families, self-managed super fund (SMSF) members, and agribusiness operators.

The firm's offerings are organised across four core service lines: Accounting & Tax, Audit, Financial Services, and Strategy & Advisory. Audit sub-services include external audit, internal audit and consulting, SMSF audit, and Clean Energy Assurance. Financial Services are delivered through wholly owned subsidiary Forsyths Financial Services Pty Limited (AFSL 259938), which offers licensed investment portfolio products including the Forsyths Multi-Asset and Income Portfolios. The core technology stack is built around Xero accounting software, where Forsyths holds recognised partner status (NSW/ACT Xero Accounting Partner of the Year, 2018).

The business operates a sales-led, relationship-driven GTM motion relying on direct in-person consultations across its regional office network, referrals from existing clients, community sponsorships (including the Forsyths Foundation's dollar-for-dollar salary matching program which has donated over $130,000 to local charities since 2015), and content marketing via blog and social channels. Pricing is engagement-based and not publicly disclosed. Ownership is independent and private with no parent company, external investors, or disclosed funding rounds; no revenue figure is publicly available.

Name

Forsyths Business Services

Legal name

Forsyths Business Services

Website

https://forsyths.com.au

Company type

Private

Founded year

1921

Operating status

Operating

Headcount range

11–50 employees

Short description

Forsyths Business Services is a privately held Australian accounting, tax, audit, financial advisory, and strategy firm founded in 1921, operating seven regional offices across the NSW Northern Tablelands and North West, serving business owners, individuals, SMSF trustees, and agribusiness clients with 150+ professionals.

Ownership category

akta.pro rank

Product category

Accounting and Financial Advisory Services

NAICS

Portfolio Management and Investment Advice (523940), Other Management Consulting Services (541618), Management, Scientific, and Technical Consulting Services (5416), Other Scientific and Technical Consulting Services (54169)

SIC

Services-Engineering, Accounting, Research, Management (8700), Investment Advice (6282), Services-Management Consulting Services (8742)

akta.pro primary industry

Outsourced Finance & CFO Services (BPAHABAE)

akta.pro secondary industries

Financial Management & Performance Improvement Consulting (BPAHACAF), Corporate Finance Advisory (Strategic Finance, Capital Structure & Recaps) (FSAEAGAE), M&A Advisory (Buy-side/Sell-side) (BPAHADAC)

Keywords

• Accounting and tax services
• Audit and assurance
• Financial advisory services
• Business advisory
• Superannuation planning

Headquarters

HQ city

Armidale

HQ country

Australia

HQ region

Oceania

Offices7 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Accounting and Tax Services: Core accounting, tax planning, tax return preparation, and compliance services for individuals and businesses
2. Audit Services: External audit, internal audit and consulting, SMSF audit, and clean energy assurance services
3. Financial Services: Licensed financial advisory services including investment portfolios, superannuation planning, retirement planning, and wealth protection
4. Strategy and Advisory Services: Business advisory services including cashflow and budgeting, business acquisitions, business exit strategies, business structures, and agribusiness strategy

Go-to-market motion1 record

Distribution channels3 records

Marketing channels8 records

Core offering

Forsyths Business Services is a regional NSW accounting and financial advisory firm offering four core service lines: Accounting & Tax (tax planning, compliance, and return preparation), Audit (external audit, internal audit & consulting, SMSF audit, and clean energy assurance), Financial Services (licensed investment portfolio management and financial planning via Forsyths Financial Services Pty Limited, AFSL 259938), and Strategy & Advisory (business structuring, cashflow, acquisitions, exit strategies, agribusiness strategy, superannuation and retirement planning, and wealth protection). Services are delivered through seven regional offices across northern and north-western NSW.

Product overview

Forsyths Business Services is a full-service accounting and financial advisory firm offering a unified portfolio of services to individuals, businesses, and organizations in regional NSW. The core offerings consist of Accounting & Tax, Audit (with sub-services for external audit, internal audit & consulting, SMSF audit, and clean energy assurance), Financial Services (including the Forsyths Multi-Asset and Income Portfolios), and Strategy & Advisory (covering business strategy, agribusiness, superannuation planning, and wealth protection). The firm operates through its licensed entities including Forsyths Financial Services Pty Limited (AFSL 259938) and the Forsyths Foundation for community giving.

Differentiator

Problem solved

Functional benefit

Products and services

• Accounting & Tax Comprehensive accounting and tax services including tax planning, compliance, and return preparation for individuals and businesses in regional NSW.
• Audit Audit and assurance services covering external audits, internal audit and consulting, self-managed super fund audits, and clean energy assurance for organisations and SMSF trustees.
• Financial Services Licensed financial advisory and investment services including portfolio management and financial planning, delivered through subsidiary Forsyths Financial Services Pty Limited.
• Strategy & Advisory Business advisory services including cashflow and budgeting, business acquisitions, exit strategies, business structuring, agribusiness strategy, superannuation planning, wealth protection, and retirement planning.
• External Audit Independent external audit services providing objective assurance on financial statements and business operations for organisations in regional NSW.
• Internal Audit & Consulting Internal audit and consulting services to help businesses improve controls, risk management, and operational efficiency.
• Self Managed Super Fund Audit SMSF audit services ensuring compliance with superannuation regulations and ATO requirements for self-managed super fund trustees.
• Clean Energy Assurance Specialized audit services for clean energy and renewable energy projects, providing assurance and compliance verification.
• Forsyths Multi-Asset and Income Portfolios Multi-asset and income investment portfolios offered as part of Forsyths Financial Services to help clients diversify investments and generate income.

Quantifiable outcome

• $130,000 donated to local charities since 2015 through Forsyths Foundation
• +1 more outcomes

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators3 records

Recent moves8 records

Expansion highlights5 records

Direct peers

• Count Limited: Australian accounting and business advisory network historically built around regional and suburban partner firms. Closely comparable partner-led, multi-service business model and shared SMB and SMSF client base with Forsyths.
• Kelly Partners Group Holdings: ASX-listed Australian accounting and advisory network that has grown by acquiring and partnering with regional accounting firms across NSW and other states. Closely mirrors Forsyths' regional multi-service model and partner-led acquisition strategy.
• Findex Group: Large Australian-owned accounting, audit, and wealth advisory group with deep regional and rural presence across NSW and beyond. Directly comparable on multi-disciplinary services to SMB, agribusiness, and individuals in regional markets.

Broad incumbents

• HLB Mann Judd: National mid-tier accounting network with regional NSW offices. Competes in audit, tax, business advisory, and wealth management for SMB and agribusiness clients, with a comparable multi-service model.
• Crowe Australasia: Mid-tier accounting, audit, and advisory network with regional NSW presence. Provides comparable audit, tax, wealth, and advisory services including SMSF audit, similar to Forsyths' core offering.
• RSM Australia: Mid-tier national accounting firm providing audit, tax, and consulting with regional NSW presence. Competes with Forsyths for mid-market and SMSF audit and advisory work, with broader specialist depth.
• William Buck: Australian mid-tier accounting and advisory firm with strong regional and agribusiness focus. Direct overlap with Forsyths on rural/SMB advisory, tax, and audit services in regional NSW and beyond.
• Bentleys: Australian mid-tier network of accounting and advisory firms with regional presence. Comparable on integrated accounting, tax, audit, and business advisory for SMB and family-owned businesses, including agribusiness.
• BDO Australia: Top-tier mid-market accounting and advisory network with offices across regional NSW. Comparable across audit, tax, business advisory, and outsourced finance services for SMB and agribusiness.
• Pitcher Partners: National Australian mid-tier accounting, audit, and advisory firm with regional NSW offices (including Tamworth). Comparable integrated accounting, audit, wealth, and advisory offering to Forsyths but with broader geographic and capability footprint.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/@forsythsaccounting6590
• Facebookfacebook.com/ForsythsNSW
• LinkedInlinkedin.com/company/forsyths-chartered-accountants
• Instagraminstagram.com/forsythsnsw

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Forsyths Business Services