Episode 46 - Are you in the driving seat with your finances?


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Nov 28 2024 53 mins   1

Having control over your finances puts you more firmly at the helm when it comes to the direction of travel of your farm business. Hear how a North Canterbury couple budgets and then monitors with good systems and communication so they and their two sons can meet the goals they’ve set together. We also hear from an accountant on how to manage tax so there are no surprises.

Guests include:

  1. Duncan & Nicky Anderson, North Canterbury Dairy Farmers

  2. Trudi Ballantyne, Director, Stem Rural

Hosts:

  1. Sheryl Haitana, Editor, Dairy Exporter

  2. Anne Lee, Deputy Editor, Dairy Exporter

North Canterbury dairy farmers Duncan and Nicky Anderson share their financial management system onfarm as a team. It all started with a mark and measure course, which got them thinking about the future of the farms financials, alongside their two sons.

Director of accounting firm Stem Rural Trudi Ballantyne discusses some of the ways farmers can manage their tax, how the provisional tax system affects farm businesses in particular, and explains where AIM (Accountant Income Method) fits into that.

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