Rural News

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A Quick Update on Accounting Updates

There has been lots of change in the accounting world over the past while, mostly due to the government changes to help businesses with the effects of Covid. Following is a short summary of the changes that have taken place so far this year. If you have any concerns, please contact us to discuss.
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Shannon's Nuffield Scholarship Report - Innovation in the Primary Sector

Rural Accountants director, Shannon Harnett, and co-writer, Ben Mclauchlan, delivered this report on Innovation in the Primary Sector for their NZ Nuffield Farming Scholarship. Shannon and Ben identified four innovation mindset personas – defined by risk appetite and the ability to pivot towards…
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Herd Scheme

For any farmers who still have their livestock valued at the National Standard Cost Scheme (NSC) 2021 could be an opportune time to consider whether they should look at changing over to the Herd Scheme (National Average Market Values). The downside to moving is that it brings forward the tax cost on…
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Business Expenses - What You Can't Claim

In this latest blog post, we try to create some clarity around expenses you can claim versus expenses you can’t claim in your business accounts. Ask us about Xero training to help you stay ahead of your accounts.
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Cash Is King!

Our clients often ask us for help with managing their cashflow. A statement of cashflow is one of the three key financial statements that tracks all the money flowing in and out of your business
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Sharemilking – Some Essential Accounting Tips

As our region’s leading rural business accounting firm, we work frequently with sharemilkers as well as farm owners. Ensuring you are managing your income and expenses properly is just as important as a self-employed person so here’s some essential tips to keep you on the path to success.
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