Dairy Farmer saves tax using Income Equalisation

Dairy, Tax Stuff

Dairy Farmer saves tax using Income Equalisation The average Dairy Farmer should be able to save $20,000 in tax over two years by utilising the Income Equalisation Deposit Scheme as a result of the Fonterra Farmgate Milk Price falling from $8.40 for the 2013/14 Season...

Alternative Finance for businesses short of cash

Commercial and Non Rural Business

Alternative Finance for businesses short of cash When a business is short of cash your typical trading bank isn’t always the best source of finance. Last week The Accounting Collective team met with Helen Schafer and Gerard Prendergast who own the local Fifo...

Is kiwifruit overhead shelter worth the cost?

Kiwifruit

Is kiwifruit overhead shelter worth the cost? A question I am often asked by my clients’ is “should I spend money on erecting a kiwifruit overhead shelter?” The benefits of kiwifruit overhead shelter are well known. Kiwifruit protective canopies protect against hail...

Is a $200,000 premium for a G3 Kiwifruit Orchard really worth it?

Kiwifruit

Is a $200,000 premium for a G3 Kiwifruit Orchard really worth it? Is a mature G3 Kiwifruit Orchard really worth a premium of $200,000 per hectare over and above what you would pay for a Hayward Green Kiwifruit Orchard? Let’s do the maths. For the sake of comparisons...

New tax payment rules expose taxpayers to late payment penalties

Tax Stuff

New tax payment rules expose taxpayers to late payment penalties From the 1st of October 2014 the Westpac Bank no longer accept IRD Forms (GST Returns, Employer Monthly Summaries, Tax Payment Slips) or cheques for tax payments. This is part of a push by the Inland...