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Are you using your car for business purposes? It’s timely to outline the process for claiming tax on your work vehicle expenses.If you’re using a vehicle for business purposes, you can claim tax back on expenses. If you use the vehicle only for business, you can claim th...
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Fonterra runs an advance rate scheme to spread some of the risk from fluctuating global dairy prices across the year. Payments to farmers are based on the forecast milk price. In recognition that cash is king and in line with their strategy, Fonterra has made the following c...
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2020 Provisional Tax – Third Installment

Many of you will have 2020 Provisional Tax payments due on 7 May 2020.  Please note that 2020 is the year that just finished on 31 March 2020 and not the year we are currently in (which may be significantly impacted by Covid-19). If you find that you are unable to make ...
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Provisional tax is a way of managing your income tax by paying instalments during the year on the tax due for the coming year. COVID-19 and provisional tax This post sets out the normal rules for provisional tax. COVID-19 has created exceptional circumstances and some excep...
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COVID-19 Wage Subsidy

April 17, 2020
By now, many whose businesses have been affected by COVID-19 have applied for support through the wage subsidy. If you are one of them, keep in mind that the subsidy comes with specific conditions. If you haven’t yet applied for the subsidy and you are an employer, click h...
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Cost Control

April 10, 2020
When you're looking at your profit and loss statement, it can be a challenge to see how all the elements inter-relate. You can see your bottom line but how did you get there? It’s a given that you’ll want to maximise your income. Sometimes, however, when factors outside ...
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Advance Ratecashcashflowchecklistcontrolcostcovid-19dairy pricesdownturnFarmgate Milk PricefarmingFonterramileage rateMilk Pricesubsidyvehicle expenseswages
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