Tax Due Dates
Don’t miss another tax deadline again. If you are unsure of what to file or pay and when to do so, do not hesitate to give us a call.
Entering your end-of-year transactions in Cash Manager Rural
Cash Manager Rural has a lot of extra features to help you manage your business and tax compliance more efficiently. One of those features is the ability to tell the program which financial year your transaction relates to.
Why is this important?
It…
Succession
Succession is a word that often provokes negative images of family feuds, lengthy court battles and disputes that can tear families apart for generations to come. We hear sad stories about elderly being taken advantage of and people having…
Succession planning by Richard Riddell
Succession planning takes many forms, whether it be identifying and developing people to take on roles within an organisation to safeguard against the loss of an employee or provide motivation to staff for career planning, through to the transfer…
Safety First - Robert Pattullo's story
Many of you will have heard about local farmer Robert Pattullo’s altercation with a bull on his Puketitiri farm earlier this year. We met up with Robert recently and heard first hand about his harrowing experience and how he attributes his…
Meet the team - Josh Marr
The Farming Growth team is expanding and we would like to introduce our newest team member, Josh Marr. Josh grew up on a cropping farm in mid Canterbury and has recently graduated from Lincoln University with an Agri…
2018 Livestock Values
In May 2018 the Inland Revenue Department released the National Average Market Values of Specified Livestock Determination (NAMV). These NAMVs are used by livestock owners to value their livestock on hand where owners have elected to use the…
Reconciliation and Aging of Livestock
One of the main areas we see where farmers can improve their accounting system is to keep a better track on livestock. Every year we come across situations of unexplained deaths & missing being much higher than anticipated. There’s a lot…
Your 2018 Accounting Reminders
Minimum wage increase:
As you will be aware the NZ minimum wage increased to $16.50 per hour from 1 April 2018. Farmers who have staff on salaries need to ensure that they are not in breach of this minimum hourly rate, in relation to existing…
Rural Income Protection
Rural Income Protection is expensive but what if you could get ACC to pay for some of it?
We all know ACC will pay up to 80% of your income for accidents. But what if your income has been reduced due to a bad year or maybe your accountant has…
Land Sales and The Bright-line Test
The Bright-line Test for land sales applies from 1 October 2015 and requires taxpayers to pay income tax on gains derived from the sale of residential land that has been owned for less than two years. Exemptions exist for the gains made on the…