With the large decrease in the Fonterra pay-out it is worthwhile for our farming clients to have an estimate of their provisional tax.
As you are aware provisional tax for the 2015 financial year is based on the income you made in 2014. You are going to make significantly less profit in 2015 therefore it is it can be worthwhile having us review this and communicate it to the IRD so you can reduce your provisional tax payments accordingly.
We will be calling some farmers that we have already had communication with regarding this but would like to hear from anyone that foresees cashflow being a problem restricting your ability to pay tax.
