Capital Gains Tax Property

The recent May Budget introduces a capital gains tax on residential property investment. If you purchase and sell a residential property within two years you will be taxed on any capital gain unless that property was used as your main home, the property was inherited...

Fonterra GMP scheme – should I or shouldn’t I?

In a market of declining international milk powder prices the Fonterra GMP scheme has been under-subscribed for two times in a row. In fact only 180 farmers took advantage of the latest offer. Go figure! The irony is that Fonterra’s June 2013 offer for the 2013/14...

Income Equalisation Deposit and Hail

If you are one of the many kiwifruit orchards in the Bay of Plenty affected by the November 2014 hail storms then you may only have until 31 January 2015 to take advantage of the tax savings obtained by using the Income Equalisation Scheme.   Inland Revenue recently...
2014 Xmas Party

2014 Xmas Party

The Accounting Collective Team would love to see you to celebrate Christmas and the past year. Please follow this link for further details: Xmas invitation

Petrol Excise duty saves 66c a litre

If you use petrol powered vehicles or equipment on your farm or orchard make sure you claim back your petrol excise duty refund of $0.66 per litre. If you use just 20 claimable litres per week and are not already making the claim then you are doing yourself out of a...