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Farm Budgeting, Monitoring & Benchmarking

Budgets/Cashflows & Monitoring

Budgets and/or cashflows show the cash estimated to flow in and out of your business over a period of time.  They provide goals that you can use to measure and monitor performance.  We can:

  • prepare estimates for the future based on your past performance and likely future events.
  • regularly monitor your monthly cashflow and highlight potential problems before they arise
  • use these reports as a tool to forecast your income, working capital requirements and taxation for the current year 
  • analyse your results and provide you with up to date key performance indicators and trends


Shand Thomson believe benchmarking your performance against your own trends and other like properties can help you identify opportunities for development and fine tuning on your farm.

We collate benchmarks for:

  • sheep, beef and deer farming enterprises
  • dairy farming enterprises

We have been monitoring production and financial results for sheep, beef and deer farmers in the Clutha District for over 10 years.  Annual statistical and trend summaries are:

  • provided to our clients when their individual annual reports are prepared
  • collated each year to arrive at a district summary which:
    • categorises the results into two stock unit groupings
    • reports on the "average" and "upper 25%" of farmers, as determined by economic farm surplus

The Shand Thomson district summary results are accompanied by a commentary which graphically displays results and illustrates trends.  Please refer to our Publications section to view sample reports.

Dairy farm results are monitored against the Shand Thomson "average" landowner and sharemilker database.  In addition, Shand Thomson is an accredited user of the Dairybase national database and we facilitate the entry of results into the database and the interpretation of key performance indicators.

Benchmarks enable us to assist you with:

  • comparing your business results against similar businesses
  • identification and monitoring of key performance indicators
  • identifying opportunities to improve your profitability and grow your business
  • determining and monitoring long term goals that incorporate your personal aspirations and objectives

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Paying Tax Online ...

It's easy when you know your IRD number, tax type being paid and the tax year or period.

Our guide explains the important information you need to know so that your online tax payments are correctly recorded by the IRD. 

Holiday Homes

The holiday season will soon be upon us and the IRD continues to watch for mixed use assets.  You may be affected if your holiday home is used for a mix of private and income earning holidays.  Our assistance will ensure the treatment of your asset complies with the IRD's rules.

IRD Payments

If you have an IRD payment due on a weekend or public holiday, the IRD will accept the payment if it is made on the next working day.  Beware though as provincial anniversary days are treated as a normal working day.

Health & Safety Alert

There are health and safety requirements that all business owners must adhere to.   Contact Karen Morgan for clarification on your health and safety obligations.


Balclutha Office
102 Clyde Street, Balclutha
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P. 03 4180020

Dunedin Office
7th Floor Westpac Building,
Cnr Moray Place & George Street, Dunedin
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P. 03 4741394