Farm accounting livestock valuation picture of cows Inland Revenue has released “The National Standard Costs for Specified Livestock Determination 2019”. It applies to any specified livestock on hand at the end of the 2018/19 financial year where the national cost scheme has been elected as the livestock valuation method.

For more information and advice regarding farm accounting please contact our Farm Accounting expert Mark Foster on (09) 420-7957 or email markf@uhyhn.co.nz.