The IRD is extending support for farmers and growers whose current or future income will be significantly affected by the ongoing drought in several parts of New Zealand. The IRD will exercise discretion in accepting late deposits to the income equalisation scheme, as well as allowing early withdrawals from the scheme. The affected areas are:
ACC is playing their part in helping farmers and rural workers to avoid death or major injuries caused by quad bike accidents. They are offering a $180 (+ GST) cash back on selected quad bike crush protection devices. Accidents from quad bike rollovers are a major contributor to death and injuries in rural workplaces. Crush
Here at UHY Haines Norton we use a variety of software packages for different clients and industries that allow better understanding, control and management of their finances. The farming industry has its own unique set of financial challenges and complexities. And because farmers are so busy running their farms each and every day, it can
UHY Haines Norton Director and Farm Accounting expert Mark Foster reminds farmers why accurate livestock counting is so important for tax purposes. Keeping a handle on your livestock numbers can be an ongoing challenge, and it all comes to a head at the end of the financial year when we want an accurate stock figure
On 1st July 2019 the government passed the second of three annual increases in fuel tax, resulting in some of the highest petrol prices New Zealand has seen in years. With no end in sight, it is worth knowing that if you use petrol in off road vehicles or machinery for commercial purposes, you could
Is your will your farm succession plan? Unfortunately for many privately-owned farming enterprises, the preparation of their wills is their only attempt to address family succession. According to recent research, only 50% of farming enterprises have started to discuss succession, let alone prepared an effective succession plan. We all know succession is a complex and
