Health Expenditure – Private or Deductible?
Many of those in business will incur expenditure that blurs the lines between business and private such as needing reading glasses when...
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stacey2383
- Jul 15
- 3 min
Dairy Industry Profitability for the 22/23 Season
Comparing your figures against an industry benchmark is helpful for identifying whether you are doing better or worse than you think and...
440 views0 comments
stacey2383
- Jun 10
- 2 min
Impact of herd purchase on profit for the 2024 financial year
This article leads on from our article ‘Livestock valuation methods explained’ and how it applies to herd purchases within the 2024...
27 views0 comments
stacey2383
- May 15
- 3 min
Tax Tools Available for a Farming Downturn
The nature of farming is extremely volatile and can result in huge profits one year followed by losses the following year due to the...
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stacey2383
- May 14
- 2 min
Farm Succession Planning
Family farm succession is becoming increasingly difficult as farms tend to be bigger in order to be financially viable and support higher...
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stacey2383
- Feb 20
- 2 min
Claiming GST on secondhand goods
For those purchasing secondhand goods from non-GST registered persons you are still able to claim a GST credit even though the seller is...
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stacey2383
- Jan 9
- 4 min
What is depreciation?
An asset is something you purchase for use in the business that has a useful life of more than one year and costs more than $1,000...
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stacey2383
- Nov 27, 2023
- 3 min
How ACC Levies are Calculated
ACC levy invoices have come out in the last couple of months, and with the various types of cover and invoices issued from ACC it can be...
225 views0 comments
stacey2383
- Nov 20, 2023
- 4 min
Should I Buy a House?
Clients looking to grow their wealth sometimes ask us whether they should buy a house. Our advice depends on their short, medium and long...
55 views0 comments
stacey2383
- Nov 13, 2023
- 2 min
Taking Drawings from the Company Bank Account
There are some specific rules relating to operating companies and personal expenditure that catch people out. One of the biggest mistakes...
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stacey2383
- Oct 31, 2023
- 2 min
Why am I paying tax when I have no cash in the bank account?
A common cause of confusion for any self-employed person is understanding how they have tax to pay at the end of the financial year when...
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stacey2383
- Sep 30, 2023
- 2 min
What it costs to rear a calf in 2023
Many farmers have been enquiring as to the cost of rearing a calf this season, given the level of inflation we have experienced and the...
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stacey2383
- Sep 28, 2023
- 3 min
Taxable implications of common livestock scenarios
Rearing a few extra calves each year, whether to sell at a later date or to grow your herd in anticipation of going sharemilking or...
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stacey2383
- May 16, 2023
- 2 min
Fuel Rebates
Farmers are eligible for a rebate on their fuel purchased for farm purposes. Petrol includes a tax imposed by the government called fuel...
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stacey2383
- May 1, 2023
- 3 min
Guide to Provisional Tax for the 2022/23 Season
Provisional tax can be a confusing topic for the average business owner which is compounded by the fluctuating nature of dairy farm...
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stacey2383
- Apr 18, 2023
- 3 min
How to Include Tax in Your Budgets
We had a farming client ask us what figure they should include for tax in their budget. They are considering their first contract milking...
35 views0 comments
stacey2383
- Jan 14, 2023
- 2 min
Should I Buy a Ute or Car?
When purchasing a vehicle there are a few factors to consider when deciding between a ute or car for farmers and those in the commercial...
40 views0 comments
stacey2383
- Jan 9, 2023
- 2 min
What Contract Rate Should I be on?
This is a question asked a lot at this time of year when everyone is just getting their head above water after calving and mating and are...
46 views0 comments
stacey2383
- Jan 9, 2023
- 5 min
What Business Structure Should I Operate Under?
Quite often this is one of the first questions we get asked, and the answer isn’t always straightforward. It depends on so many...
27 views0 comments
stacey2383
- Jan 9, 2023
- 3 min
The Value of a Great Accountant
Times are tough right now with inflation at a level not seen in the last 30 years, so it makes sense for business owners to be...
18 views0 comments
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