News Articles

The 2020/2021 year will always be remembered for the worldwide Covid-19 Pandemic which affected people from all walks of life. Whilst the virus was slowly spreading two significant tax changes happened in New Zealand, specifically: The Government proposed new trust disclosure rules and passed it into law five days later with little to no consultation, […]

INCLUDED THIS MONTH; Did Dairy Farmers actually make a big profit in 2022? By Coral Phillips 2022 Herd Scheme Values Directors Strategic Retreat Law change for incorporated societies Matamata office Proud to Support download here

As the 2022 financial year comes to a close for Dairy Farmers, the record high milk payout forecast from all dairy companies is a positive to celebrate.  But the question needs to be asked, has the high payout resulted in more cash in the pocket?  Also of concern, what are the tax implications?  Was it

INCLUDED THIS MONTH; The long and overwhelming to-do list of a dairy farmer, by Gavin Haddon. 31 March Balance Date New Financial Year ACC CPX Renewals Using the correct tax code Proud to Support download here

Have you ever been served 100 tennis balls at once and expected to return each one with accuracy? – and when you don’t you are penalised! This is how a client described owning a dairy farm now with the outrageous level of compliance all are expected to achieve. Being totally confused by bombardment of expectation

Due to a recent sharp rise in the number of complaints received by MBIE relating to the dairy sector, the Labour Inspectorate, along with the Tenancy Compliance Investigations Team, will start visiting dairy farms from late February to assess their compliance with minimum standards of employment and tenancy. This is now a focus area for

Life in general moves so fast nowadays and often we don’t put time aside for things that matter, as we navigate the hustle and bustle of everyday life. Sometimes these things include time to pursue a hobby, our health and well-being, and sometimes it is the big questions like – what happens when I’m not

Requirements as per the Wages Protection Act 1993 From time to time, in your employment relationship, you may extend permission to your employee to use your Trade account to purchase personal items, or tools that then become subject to a tool allowance paid to them as part of their package. For our Agricultural clients, a

If you are buying or selling a business or property from 1st July 2021 the new purchase price allocation rules may apply to you. What is the purchase price allocation rules? Prior to 1st July 2021 there was no requirement for vendors and purchasers to agree on each individual asset value when assets were purchased

In March of this year the Government extended the Bright-line test to 10 years, the effect of this extension creates what is essentially a capital gains tax on residential property that is unable to be exempted as a main home, a business premises or a farm.  Although intended to target property investors it will have