Managing Farm Debt – Budgeting, Forecasting & Planning

Managing Farm Debt – Budgeting, Forecasting & Planning

If you’re feeling uncertain about your next year of farming, you’re not alone. Farmer confidence is low, with more than 11% of respondents to a Federated Farmers survey expecting profit to drop over the next year. How you handle cash flow is important to suppliers and lenders, so even if...

17/05/2023
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Provisional Tax: What You Need To Know

Provisional Tax: What You Need To Know

What is Provisional Tax? Provisional tax is income tax paid in advance of the end of the financial year, or paid as you go. And, it’s important to get it right. We’ll help work out what’s best for you and your business. If you are an employee, your employer sorts...

24/04/2023
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GST Special Alert – What do I have to do before 1 April 2023?

GST Special Alert – What do I have to do before 1 April 2023?

New rules on GST invoicing apply from 1 April 2023. Make sure your business is ready to cope with the changes.     Even though the new GST invoicing rules still allow ‘tax invoices’ to be issued after 1 April 2023, make sure you think about: Your accounts payable processes. Do...

09/02/2023
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NZ GST Invoicing changes from April 2023

NZ GST Invoicing changes from April 2023

New Zealand GST invoicing and record-keeping requirements apply from 1 April 2023. All businesses need to be aware of the changes to ensure their business processes can manage the new requirements.   New rules modernising GST invoicing and record-keeping requirements apply from 1 April 2023. The key change is removing...

01/02/2023
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What are your business goals for the year ahead?

What are your business goals for the year ahead?

What are your business goals for the year ahead? Conducting a past-year review with an experienced advisor will provide valuable insights for this year's goal-setting. What will you do differently this year to enable your business to thrive? The beginning of a new calendar year is an excellent time to...

10/01/2023
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Entertainment Expenses – Income Tax and GST

Entertainment Expenses – Income Tax and GST

The rules and exemptions for entertainment expenses can be complex. If you're not sure, check with us on common types of expenses and their tax treatment. As a general rule, if you provide entertainment for your team or clients, some of your business entertainment expenses are tax deductible. Some examples...

21/11/2022
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Key financial numbers to focus on in your business

Key financial numbers to focus on in your business

What are the key reports to focus on in your business? We'll show you how to track performance, take action and prepare your company for surviving the new business normal. As a business owner, it’s never been more important to have a good grasp on your finances. For many businesses,...

17/10/2022
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Keeping up with Fringe Benefit Tax (FBT)

Keeping up with Fringe Benefit Tax (FBT)

As an employer, if you provide fringe benefits to employees, or others associated with your business, you must generally pay fringe benefit tax (FBT) on the value of these benefits. So, when are you liable for FBT? Any time you provide non-cash benefits to your staff. The list is potentially...

17/08/2022
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A strong strategy is the heart of your successful business

A strong strategy is the heart of your successful business

Businesses that have clear objectives or goals, robust accountability and a shared sense of purpose should always outperform those that just show up and go through the motions. Strategy lies at the heart of most successful businesses. To achieve this you need to resource and execute with a clear purpose....

15/06/2022
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Business Acquisition Expenses – Deductions Allowed

Business Acquisition Expenses – Deductions Allowed

Businesses often incur expenses when acquiring business assets, even if the acquisition is abandoned and does not proceed. A recent review has occurred on the deductibility of these costs. In the past, an expense relating to the purchase of an asset that wasn’t successful could not be claimed as an...

04/08/2021
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