Words about numbers

Access your copy of the averages from our clients’ dairy Farm Statistics for the 2019/2020 financial year.

In this article, we recap all of the land sale provisions starting with the Brightline test as well as the other rules which can make profits on the sale of land taxable.

Our offices are closed for the Easter break from Friday 2nd April to Tuesday 6th April, re-opening Wednesday 7th April.

IRD require us to hold signed Authority to Act (ATA) forms for every IRD number. We will be following up outstanding ATAs shortly.

You will soon notice some changes with our invoicing process. Read more about our new payment options.

We frequently see tax invoices across our desks for farm purchases/sales where the houses are recorded as zero-rated. This has potential negative tax implications particularly for the purchaser.

All Cashmanager customers must migrate to the new Farm Focus program by the end of the 2021 calendar year.

Year End Questionnaires will be going out soon. Just a reminder that all questionnaires that can be emailed, will be emailed.

From 1st April 2021 the minimum wage will increase. Find out what this means for your business.

Find out which items will assist us with preparing your financial accounts.

With the top individual tax rate increasing to 39% on 1st April 2021, we have been reviewing companies to consider whether a dividend should be declared before this tax rate change. Read more here.

Fonterra lifted their forecast payout on the 5th of March 2021. Read more to understand the tax impact.

Fixed Milk Price Contracts with Fonterra are treated differently from a cashflow and tax point of view. Click to learn more about how they are treated.

The Trusts Act 2019 comes into force on 31st January 2021. Read more to ensure that you are all up to date and ready for the changes.

The Inland Revenue has new information gathering powers relating to Trusts for the 2021 tax year onwards.