Succession planning is important for both your business’ and family’s future but isn’t often thought about until retirement. 

All livestock must be valued at your balance date, including non-specified livestock, and a valuation report should be provided.

Farm accounting is as unique as the business and more complex when you consider the assets, liabilities, costs and revenue.

Supplementary feed is defined as any feed not grown on the farm. Given the high milk or schedule prices, many have assumed that it’s profitable to keep buying in feed – but supplementary feed prices have increased too, so how profitable is it?

Inland Revenue (IRD) have released updated reporting requirements for trusts from the 2021-2022 financial year onwards. 

Living in a digital world, the security of our data and that of our customers’, is always under attack. 

Across the world, inflation is running high, thanks to factors like pandemic disruptions, monetary stimulus and supply-chain issues.

ACC is moving online which means that you will be able to receive your ACC invoices via email instead of being posted out. 

The Inland Revenue Small Business Cashflow Scheme (SBCS) was introduced to support small to medium businesses and organisations struggling with a loss of actual revenue due to COVID-19.

While farming hasn’t been hit by Covid-19 in the same way that the retail, hospitality or tourism industries have, it’s obvious things are anything but business as usual.

As I write this article from my home office, I am trying to figure out what to write. Originally, I was writing an article to promote our BFA AGRI TALK 2020 seminar which aimed to cover the risk topics farmers were facing today.

Farmers are facing some of the biggest non nature-related challenges they have seen in many years.