fonterra’s new milk price risk management tools Fonterra has introduced a new suite of milk price risk management tools designed to help farmers gain greater certainty over their income and better manage price volatility. These tools allow farmers to lock in a minimum milk price up to 18 months in advance, providing a valuable planning […]
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Inland revenue are asking more questions Activity by Inland Revenue is picking up pace across the board—from investigations of large corporations to risk reviews of property investors and small business owners. Why are we seeing this? Firstly, in the NZ Budget 2024, $116million was specifically allocated over 4 years to enhance debt collection and
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ACC supporting safer farming The agricultural industry is still one of the most dangerous industries for New Zealanders to work in as well as one of the most important primary industry and biggest exports in the country. In 2024, ACC accepted over 17,116 new farming-related injury claims, and spent over $124 million to help people
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Hubdoc: Simplifying Financial Document Management Managing your financial documents can be a breeze with Hubdoc, an online platform designed to streamline and automate document management. How Hubdoc Works Document Capture: Hubdoc makes it easy to capture financial documents. Users can take photos on their mobile devices, use email, scan, or upload documents directly into Hubdoc.
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The end of another financial year is fast approaching….! We have put together our top tips to ensure you are ready for the end of the financial year and the year ahead. 1) Get your records ready Bank and Loan statements – Confirming your account/loan balances and interest rates Accounts Receivables – Don’t pay tax
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What does Fonterra’s on-farm emissions reduction target mean? Recently Fonterra released its 30% intensity reduction for on-farm emissions by 2030. Many farmers will be asking “what does this mean for my farm”. I’m going to break this down for you. First, you need to understand what emissions intensity is. Emissions are predominately reported two ways:
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How do I pay my relief milker? One of the most common queries coming across the Payroll desk is “How can I pay my relief milker?” Some relief milkers will refuse to accept work unless paid in cash, ‘under the table’, and this puts the employer in a difficult position. Someone is needed to do
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Employee injuries at Christmas Parties As an employer are you liable to pay first week ACC if your employee injures themselves at the work Christmas Party? Short answer, no. If an injury has taken place at a work party or event ACC would class this as a social event meeting. Therefore, it wouldn’t fall into
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my employee came to work on boxing day, but went home sick… Ask any employer that needs to operate their business on a Public Holiday, and you can almost guarantee that at some point, a team member has come in to work their Public Holiday and have needed to finish early due to illness. We
Looking at farm compliance as a cost to your business is now an outdated view. While it may not be creating value, it is protecting the value of your business, with multiple financial implications for not complying with regulations today. These include; fines for breaching regulations, missing out on premium payments from Farm Assurance Programmes
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