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Last Day to Apply for the Wage Subsidy August 2021

We want to remind you that today is the last day to apply for the current Wage Subsidy that covers the period of the Level 4 lockdown(17th – 31st August).  Your application must be in by 11.59pm tonight, 2nd September 2021.

Below is the link to the ‘Work and Income’ web page where you can apply.

https://www.workandincome.govt.nz/covid-19/wage-subsidy/index.html

Note that from Friday 3rd September, another round of the wage subsidy will be available for another two weeks.  This covers businesses that predict a 40% revenue decline from the 31st August to 13th September and meet all other eligibility criteria.

If you have any queries, please contact our office.

 

The Directors

 BAILEY INGHAM LIMITED

Client Newsletter RE Covid Subsidy - Friday 20 August 2021

Recent events including community cases of Covid 19 in Auckland and the move to Alert Level 4 throughout New Zealand will be causing uncertainty and financial difficulties to many New Zealand businesses.

For this reason, the Government have reintroduced the Wage Subsidy and the Resurgence Support Payment (RSP) to assist businesses that have had a certain reduction in their revenue to meet ongoing wage and other business costs.

Applications for the Wage Subsidy opened at 9am this morning while the Resurgence Support Payment is available from next Tuesday. Payments are expected to be received by businesses within three working days of applying.

Businesses must be able to prove that they have had a decline in revenue and must agree to the conditions of receiving the payments. From what we have seen so far, the Wage Subsidy can be applied for based on anticipated revenue decline (of 40%, and because of the return of Level 4), while with the Resurgence Support Payment, it appears that this should be applied for after the business has confirmed a drop of 30% of income and is to meet other business costs. 

It is not entirely clear from what we have seen so far whether Wage Subsidy payments received need to be included when calculating the loss of revenue for applications for the RSP, but it is clear that businesses can apply for both support schemes.  We will keep you up to date once applications for the Resurgence Support Payment open on Tuesday and more detail is announced.

More details are below, please click on the links for more detailed information and to apply for the support.

employees through the response to COVID-19

Wage Subsidy Scheme

Applications for the Wage Subsidy Scheme will open nationally from 9am on Friday 20 August 2021, with applications initially open for two weeks. You’ll be able to apply on the Work and Income website.

The Wage Subsidy will be available to eligible businesses, organisations and the self-employed impacted by the move to Alert Level 4 on 17 August 2021.

To reflect higher wage costs since the scheme was first used in March 2020 the payments have been increased to:

  • $600 per week per full-time employee (working 20 hours or more per week)
  • $359 per week per part-time employee (working less than 20 hours per week)

For your business to meet the revenue decline test the following must apply:

  • your business is being or will be affected by the move to Alert Level 4 on 17 August 2021; and
  • your business has had, or you are predicting will have, a decline in revenue that is attributable to the effect the move to Alert Level 4 on 17 August 2021 has had on your business and that is:
    • of at least 40% over the period 17 August 2021 to 30 August 2021 (inclusive) (revenue test period), when compared to a typical 14-day consecutive period of revenue in the six weeks immediately prior to the move to Alert Level 4 on 17 August 2021 (default comparator period); or
    • if you are an employer that has highly seasonal revenue, of at least 40% over the revenue test period when compared to the same 14 consecutive days in 2020 or 2019 (seasonal comparator period), provided you can demonstrate that the seasonal nature of your business makes it harder to meet the 40% revenue decline using the default comparator period than if your business was not of a seasonal nature; and
    • in relation to both the calculation of revenue for the test period and the calculation of the revenue for the relevant comparator period, exclusive of any payments made to you from this subsidy, other COVID-19 Wage Subsidy schemes, the COVID-19 Short-term Absence Payment scheme, COVID-19 Leave Support schemes, COVID-19 Essential Workers Leave Support scheme, COVID-19 Resurgence Support Payment scheme or the COVID-19 Small Business Cashflow scheme.

Information on the Wage Subsidy Scheme — Work and Income

https://www.workandincome.govt.nz/covid-19/wage-subsidy/how-to-apply.html

Resurgence Support Payment

Resurgence Support Payment applications will open nationally from 8am on Tuesday 24 August 2021. Applications will remain open for one month after a nationwide return to Alert Level 1.

Businesses and organisations will be eligible if they experience a 30% drop in revenue over a seven-day period after an alert level increase and meet other eligibility criteria. This drop is compared to a typical seven-day period in the six weeks before the increase in alert level. Seasonal businesses should show a 30% revenue drop compared with a similar week the previous year.

The decline in revenue must be a result of the specific alert level change, not just COVID-19 in general. You must have been in business for at least six months to be eligible. Charities, not-for-profit organisations, the self-employed and pre-revenue businesses, such as start-ups may also be eligible.

This payment is not a loan, so does not need to be repaid. The payment must be used to help cover business expenses such as wages and fixed costs.

There have been some recent changes to the eligibility criteria for commonly owned groups. A commonly owned group generally consists of businesses that have the same owners. Some individual businesses or organisations within a commonly owned group may now be eligible for RSP. You can find examples of commonly owned groups and more eligibility criteria for the RSP on the Inland Revenue website.

You can also calculate how much you may be entitled to and how to apply on Inland Revenue's website.

Eligibility for the Resurgence Support Payment– Inland Revenue https://www.ird.govt.nz/covid-19/business-and-organisations/resurgence-support-payment/eligibility

Apply for the Resurgence Support Payment – Inland Revenue https://www.ird.govt.nz/covid-19/business-and-organisations/resurgence-support-payment/apply

If you don’t meet the criteria for RSP but do have cash flow problems, Inland Revenue can help. Visit their Manage my tax page for more information.

Manage my tax – Inland Revenue

https://www.ird.govt.nz/covid-19/manage-my-tax

The NZ Government Covid Support page also has useful information for businesses:

NZ Government Covid 19 – Support for businesses

https://covid19.govt.nz/business-and-money/financial-support/financial-support-for-businesses/

Leave Support Scheme & Short-Term Absence Payments

These payments are available at all Alert Levels to employers to pay workers who are following public health guidance and are staying home (and cannot work from home) to self-isolate or are waiting for a COVID-19 test result. Note that you can’t get a Wage Subsidy for an employee for the period they're covered (and paid by) by a Leave Support Scheme or Short-Term Absence Payment.

Many businesses and self-employed people have applied for the various types of assistance last year so have a decent understanding of how to apply and how the criteria works for paying staff. With luck, the rest of New Zealand (Auckland and possibly Coromandel excluded) may be able to move out of Level 4 reasonably quickly if no cases emerge in the community (outside Auckland) in the next few days. However, as we saw last year, for many industries, particularly tourism, hospitality and retail, there is a huge cost to profit and productivity at Alert Levels 2 and 3, so businesses may be facing difficulties for some time.

At Bailey Ingham we are here to help our clients through this difficult and uncertain time. Please call or email your usual staff contact or one of our directors or associates should you need assistance at any time.

Stay safe and take care.

 

Regards,

 

Bailey Ingham Directors and Staff

Client Newsletter re Alert Level 4

Dear Bailey Ingham Clients,

 

As you will be aware, the whole of New Zealand is now under a Level 4 Lockdown, which means we must all stay at home apart from essential travel or work.  This means that our three Bailey Ingham branches will be closed, from today until Friday. This may be extended and we will update you in due course.

 

Our staff will all be working from home until we are given permission to return to work at the office.  This means that we are available by phone or email to assist with any matters that need your attention.  Our three office phone numbers will be answered by staff who have the number diverted to their homes, and messages will be passed on to the relevant staff member that you wish to speak to, and in addition you may ring our cell phone numbers (listed below) to speak to one of the partners, associates or office managers directly.

 

Our staff will be completing GST, PAYE and other returns from home and we can assure you that it is business as usual (as much as possible!) and we will attend to your returns to ensure that they get to Inland Revenue on time.  The vast majority of returns can be completed through the use of Banklink, MYOB and Xero as staff have access to log on from home – your assigned staff member may be in touch if there are any transactions which require clarification from you.

 

For any PAYE and employment related queries please phone Tarin on 027 595 9779

For GST, Income tax and general financial enquiries please call the office phone number and your call will be passed on to the relevant staff member:

Otorohanga Office 07 873 7325

Te Awamutu Office 07 870 1888

Taumarunui Office 07 895 7312

 

To speak to one of the partners, associates or office managers please call:

David Bailey 027 278 1603

Cheyne Waldron 027 446 5750

Bridget Boshier 027 222 3055

Kelly Bair 021 155 1115

Layne Kerr 021 179 7894

Jayne Adams 027 823 7671

Tracey Hall 021 216 6321

 

The government have announced that the Resurgence Support Payment and Wage Subsidy will be available shortly for all businesses who are adversely affected by the lockdown, and we will be in touch when further details have been announced.

 

As always we are here to help, please do not hesitate to call or email should you require any assistance. Take care and stay safe.

 

Regards,

 

Bailey Ingham Partners and Staff

NEWSLETTER TO CLIENTS 2021

Thank You

First of all, a big thank you to all those clients, solicitors and banks who have worked with us through a difficult period over the last eighteen months for many families and businesses. As the vaccine for Covid-19 rolls out, we hopefully will enjoy greater freedom and movements of travel. It is certainly a period of our lives that we will never forget. We have had a lot of issues to work through with entitlements for clients, helping families and businesses with all the requirements and dealing with working from home, both for our staff and a lot of people we deal with.

We are very fortunate to be living in New Zealand which can have a very strong border and we must acknowledge the work our Government has done in getting us through this period.

Thanks for all your assistance, help and support.

 

Staff of Bailey Ingham Limited

At the start of Covid, we sent a newsletter out to all people advising them of new Directors, Bridget Boshier, Layne Kerr and Kelly Bair. We also advised that Robert Ingham was resigning as a Director and would remain as a Consultant. Unfortunately, we now find that some of these newsletters did not go out to clients, and we apologise for this.

The three new Directors joining David Bailey and Cheyne Waldron have each been with the firm for over twenty years and are all experienced rural and business professionals.

Robert has greatly assisted us through this change to ensure the Directors handling your work have a good understanding of your family and operations.

We have a very good group of Chartered Accountants and Institute members as follows:

Directors – David Bailey; Cheyne Waldron; Kelly Bair; Bridget Boshier and Layne Kerr.

Associate Directors – Jayne Peers Adams; Tracey Hall.

Chartered Accountants - Rebecca Lynch; Jessica Quirk (currently on maternity leave); Vanessa Neustroski; Rakeshwar Lal; Ashley Shrubsall; Cathrine Hurley and Jenny Martin (awaiting confirmation of membership).

Associate Chartered Accountants – Michael Crook; Carolyn Dew and Shellee Hazledon.

Accounting Technicians – Christine Benefield; Ellyn MacPherson

Office Staff – Kim Brown; Ashleigh New; Casey Rolton; Teresa Cooper, Toni Wright (currently on maternity leave) Ann-Marie Thackray and Molly Crook.

­Taxation – Sarah Hickey; Anna Needham; Leanne Cameron with Niki Needham helping out.

Accounting Staff – Amber Gane; Ana Wise; Andrea Waite; Bashi Singh; Catherine Clark; Dominic Clapcott; Janet Beehre; Jann Sanson; Jennifer Muller; Jo Butcher; Karen Budden; Ken Fisher; Kylee Burmester; Lauren Hill; Maggie Roy; Mathew Findsen; Monique Bains; Morgan Rata; Natalie McMullan; Stephanie Josling; Stevie Lacy; Tanya Le Fleming; Tessa Walker and Hamish Patel.

Administration – Carolyn Pye; Rosemary Johns.

Payroll – Dany Neustroski; Tarin Alcock.

Bailey Ingham Limited are an approved training organisation for admission to CAANZ.

We are pleased to report, in the last eighteen months, Ashley Shrubsall who works in our Taumarunui office, Cathrine Hurley from Te Kuiti, Jessica Quirk and Rakesh Lal all became Chartered Accountants after years of study and hard work. They will shortly also be joined by Jenny Martin who is now applying for full membership.

We congratulate these people and look forward to seeing their careers develop.

Recently the New Zealand Institute of Chartered Accountants Australia New Zealand carried out a survey of accounting firms in New Zealand. We are pleased to report that Bailey Ingham Limited was placed in the Top 20 Accounting Firms in New Zealand. We note that included are the major international firms and we are greatly encouraged by this and recognise the support of all our wonderful clients that have assisted in achieving this.

The New Zealand Institute of Chartered Accountants Australia New Zealand placed Bailey Ingham Ltd as No. 1 accounting firm for charitable and community work. We are humbled by this award and recognise that many firms carry out a lot of work to assist the community they live in and people they communicate with. We are very grateful for the award in recognition of how we help the communities we work in.

The strength of our firm has been, and continues to be, a lot of dedicated people who work very hard meeting the needs of the clients, deadlines for GST and income tax, and assisting with all queries. We are grateful to have such hard working staff, with many years of experience.

 

Succession Planning

A number of our farming clients have reached a stage where they are either carried out, are in the middle of, or considering succession planning. This is always a difficult topic and we are happy to work through with your lawyers and other consultants to achieve a solution.

Outlook

 

The outlook for the New Zealand economy and farming is positive and generally exceeds most peoples expectations. We have seen property prices, particularly houses, rise substantially and are getting close now to levels that are not sustainable. The introduction of lending restrictions and bright line test obviously has a bearing on this.

We see a period ahead when there will be some inflation and rising interest rates, so these need to be factored into any operations or budgets.

The above comments are of a general nature and need to be backed up by specific advice where applicable.

Once again, thanks for your support. We look forward to continuing to work with you.

From all at Bailey Ingham Limited

  

The Three New Directors

Layne Kerr

 

Bridget Boshier

Kelly Bair

 

 

Taxation Rates

Individuals: Taxation rates for individuals currently are as follows:

Income

Rate

0 – $14,000

10.5%

$14,001 - $48,000

17.5%

$48,001 - $70,000

30%

$70,001 - $180,000

33%

Over $180,000

39%

Companies: Company Tax rates are 28%, however when dividends are declared, Dividend Withholding Tax (DWT) is required to bring the effective tax rate up to 33%, made up with 5% dividend withholding tax (DWT) to be paid and imputation tax credits of 28%.

Where the person receiving the dividend lives overseas, there is no DWT payable and DWT is not payable when dividends are declared to associated companies.

Family Trusts: Family Trusts are taxed as follows:

Trustees Income 33%.

Beneficiaries – These are taxed at the individual tax rates

Children under the age of 16 generally can only receive $1,000 and any amount in excess of this is taxed as Trustees income. Once they are over 16 individual tax rates apply

Where Beneficiary Current Account’s exceed $25,000, the Beneficiary is deemed to be a settlor of the Trust and therefore can be assessed on Trust income, which could affect student allowances, Working for Families and any other entitlements.

As you may be aware there were amendments to the Family Trust Act  of 2019 and lawyers are quietly working away with their clients to review Trust Deeds and any changes that need to be made. There is a need to make beneficiaries aware they are beneficiaries in the Trust, however it is up to the Trustees to run the Trust, be aware of what the Trust requirements are, and what the Trust is doing and consider the needs of beneficiaries before making any distributions or major decisions.

Appropriate Resolutions regarding beneficiaries and major decisions are essential following meetings.

 

Student Loans

Student loan repayment threshold has been increased to $20,280 at a prescribed repayment rate of 12 cents in the dollar. This can include student loan adjustments at the end of the year and provisional tax payments for student loans, where the deductions are not made at source from earnings.

Fringe Benefit Tax

Quarters 1 to 3                                                             Quarter 4

63.93% (single rate)                                                     63.93% (single rate) or the alternate rate

                                                                                     Calculation (see below)

49.25% (alternate rate)                                               alternate rate calculation (see below)

The alternate rate calculation applies the following rates:

Income plus Fringe Benefits                                        Rate

0 - $12,530                                                                   11.73%

$12,531 - $40,580                                                        21.21%

$40,581 - $55,980                                                        42.86%

$55,981 - $129,680                                                      49.25%

Over $129,680                                                             63.93%

 

Low Interest Rates

Low interest rates for fringe benefit tax should be at 4.5%.

Depreciation

Straight line or diminishing value can be applied on an asset by asset basis. Depreciation rates vary depending on estimated useful life. Individual asset purchases can be immediately deducted in some circumstances. The relevant thresholds for immediate deduction are:

Purchase Date                                                             Deductibility Threshold         

19 May 2005 to 16 March 2020                                  $500

17 March 2020 to 16 March 2021                               $5,000

17 March 2021 and after                                             $1,000

Buildings           Residential buildings are not depreciable. Commercial and industrial buildings are depreciable at 2% DV or 1.5% SL.

Fitouts               Commercial fitouts are depreciable. Residential fitouts are non depreciable, but chattels can be depreciated.

Donations

Companies        Allowed a deduction for approved charitable donations up to their net income.

Individuals         Cash refund for one-third of donations of $5 or more to approved charitable organisations (provided the value of gifts made do not exceed their taxable income). This is up to the level of taxable income.

Use of Money charged by Inland Revenue

Under payments - 7%

Overpayments - nil

Use of money charges apply where the residual income tax for the year exceeds $60,000 and the residual tax has not been paid by the last tax payment due for the year. Penalties can also apply in respect of late payments or under estimations. We can use Tax Pooling at a lower cost in respect of the previous year’s income tax, but not GST.

Bright Line Test

The Bright Line Test includes subdivision of farm land into house sections and lifestyle blocks, and was increased on the 27th March 2021 from five years to ten years. Before entering into any agreement for sale, please contact our office to discuss.

The bright line test on properties has been extended from five years to ten years on all existing properties, sections, beach properties and subdivisions, and it is in effect a capital gains tax.

Where a farm is being purchased which does include a separate section, and or house, that is to be subdivided or has been subdivided, this needs to be assessed at full value to ensure on sale, there are less taxable issues.

There has also been changes in interest deductibility for existing houses. This is getting phased out on houses purchased on finance as follows:

1st October 2021 – 75% deductible

1st April 2023 – 50% deductible

1st April 2024 – 25% deductible

1st April 2025 – no deduction

The Government are now working through the legislation which has not been passed, and submissions have now closed on the deductibility and treatment of new housing and what constitutes new housing. No doubt there will be considerable media commentary on this as matters evolve.

The current ring fencing of losses still apply in that rental losses have to be offset against future rental income.

 

Payroll 

There have been a number of changes to payroll legislation recently that will increase the cost to employers:

  • Sick leave increase – minimum sick leave entitlements are increasing from the 24th July 2021. Currently all employees are entitled to 5 days sick leave after six months continuous service. Employees will get an extra 5 days when they reach their next entitlement date, i.e. after reaching 6 months employment, or on their sick leave entitlement anniversary. The maximum amount of unused sick leave that an employee can carry over from previous years will be 10 days with the maximum entitlement remaining at 20 days.
  • Statutory holiday – a new statutory holiday has been introduced. This is Matariki Day and it will be first celebrated in 2022 with the holiday falling on the 24th June 2022.
  • Holiday pay calculations – the Government has stated it will adopt the Holidays Act Task Force’s recommendations on changes to the calculation for holiday pay. One of the main changes is that gross earnings used to calculate holiday pay will include all cash payments, apart from reimbursing allowances. This will include discretionary bonuses, for example, bonuses paid at Christmas time. Legislation is expected to be introduced in early 2022.

ACC

ACC rates have decreased over the years with the large investment portfolio ACC have, which has assisted in keeping costs of claims down.

ACC have delayed issuing invoices for a large number of entities and are now catching up, and people are now often faced with two years ACC levies. If cashflow is an issue they will spread payments out over several months without interest charges, or can have a longer period to pay.

Cover Plus Extra

This product gives individuals the opportunity to set their own level of cover and quotes can be obtained for this by either going online https://www.acc.co.nz/for-business/understanding-your-cover-options/optional-cover-coverplus-extra-cpx or contacting this office. It does give certainty and is particularly useful in the first year of business or where earnings are either far higher than you would want from ACC or far lower. The maximum earnings for ACC is $130,911 and the minimum is $36,816. There is a small premium to pay because of the certainty and the ability to fix earnings.

Livestock Values

The livestock national average market values for the Herd Scheme and the National Standard Cost (NSC) have been announced. These are attached. We now comment as follows:

            Herd Values:

  • Sheep – there has been a solid lift in sheep values, closer to the 2019 values.
  • Beef – these also increased by approximately 5%, but not as high as they were in previous years.
  • Dairy cattle – these have remained reasonably constant, although Friesian bull calves and R2 bulls have had a drop. Dairy Heifers have increased slightly, while cows have remained almost constant at $1,528.

National Standard Cost:

  • NSC values have remained much the same. The calculation for these are a combination of stock bred and livestock purchased.

In 2020 we tried to get as many farming entities as possible on to the Herd Scheme, but this is dependent on a number of factors:

  1. Income received during the financial year.
  2. Tax rates.
  3. Outlook for the industry.
  4. Individual plans for each farming entity.

The benefit of the Herd Scheme is that when you sell there is generally only a small taxable amount over and above the herd values. As we prepare each farmer’s accounts, we review what is the best option, taking into account individual circumstances.

Developmental Expenditure

The following development expenditure can be written off 100%

  • Fencing
  • Pasture renovation
  • Fertiliser not as part of significant capital activity
  • General Fertiliser
  • Legal fees regarding finance
  • Weed and Pest control
  • Re-metalling existing races

Developmental expenditure to be capitalised and depreciation rates:

                        Improvement                                                                                                             %

1

Preparation of the land for farming or agriculture, including cultivation and grassing

5

2

Regrassing and fertilising all types of pasture in the course of a significant capital activity that relates to a type of pasture with an estimated useful life of more than 1 year

45

3

Draining of swamp or low-lying lands

5

4

Construction of access roads or tracks to or on the land

5

5

Construction of dams, stopbanks, irrigation or stream diversion channels, or other improvements for the purpose of conserving or conveying water for use on the land or for preventing or combating soil erosion, other than planting or maintaining trees, whether or not on the land, for the purpose of providing shelter to the land

5

6

Construction of earthworks, ponds, settling tanks, or other similar improvements mainly for the purpose of the treatment of waste products in order to prevent or combat pollution of the environment

5

7

Sinking of bores or wells for the purpose of supplying water for use on the land

5

8

Construction of aeroplane landing strips to facilitate aerial topdressing of the land

5

 

Kiwifruit

  1. Kiwifruit plants can be written off at 7½% per annum.
  2. Licenses purchased can be amortised over the life of the licence. Currently Sun Gold Licenses have a seventeen year period and are amortised over this period.
  3. Please note, for taxation purposes these costs are amortised, and a full year’s amortisation applies, even if carried out towards the end of the financial year.

Private Adjustments

A number of years ago the Inland Revenue Department issued a change in claims whereby house costs generally were reduced from 25% to 20%, unless there are specific reasons for varying this. This includes insurance, power and repairs.

In addition, it is noted there is no claim for GST on employee’s house expenses as they are deemed to be rental houses. The rent proportion of their remuneration does not attract GST.

 

Sale & Purchase of Farms

Sale & purchase of farms are generally zero rated as a going concern, where there is a vendor and purchaser registered for GST. Care has to be taken in these agreements and generally you should not sign agreements without consulting both your solicitor and this office to discuss, as some vendors are not registered, while some purchasers do not wish to register.

 

 

 

 

Subdivisions and sale of Sections

There has been a large increase in the number of subdivisions being done from farms. Where the land being sold cannot be farmed as a viable business, or is not being used for other purposes, the purchaser generally should not be registered or is not registered, and therefore the vendor is liable to pay the GST. The GST can be claimed against the proportion of GST payable on the section for real estate fees, legal fees and subdivision costs.

For example:

Income

      Sale of Section at                                                                      $345,000

                            GST payable by vendor                                                                                                                        $ 45,000

Claims for vendor

      Subdivision costs                                                                      $   46,000

                            GST claimed                                                                                               ($  6,000)

      Commission, say                                                                       $   16,100

                            GST claimed                                                                                                ($  2,100)

      Legal fees, including legal fees for subdivision             $     3,450

                            GST claimed                                                                                                ($     450)                        ($   8,550)

Net GST Payable                                                                                                                                                                $  36,450

Sale of Farm Land within Ten Years

Generally, if the work is of a minor nature, or the land being subdivided can be farmed as a viable business, there would be no income tax payable. GST would generally be payable where the purchaser is not registered for GST.

Where a subdivision is going to be carried out, please check with the office to see what the position is.

Health & Safety

This remains a must do requirement with good introduction procedures signed off, regular meetings and continued awareness of keeping everyone safe.

Climate Change Healthy Rivers

Many farmers are working through this or have completed plans. Fortunately there are some very competent people to assist with these plans at a reasonable cost. However, the new rules do present challenges but we are confident farmers will meet these just as they have done before with other changes.

 

 

 

Farmers Party 30 June 2021

TWENTY FOURTH ANNUAL FARMERS WINTER PARTY

For the past 23 years the Farmers Winter Party has been a most successful annual event which, this year, is to be held on Wednesday 30th June starting at 5.30 p.m. It is anticipated there will again be a large crowd at the Otorohanga Club to enjoy an excellent evening.  This year will follow the same format as in 2020 in that it will begin with an “Oto-Expo”. This will be a chance for the farming community to meet and greet the many supporters of this social event.

We have been grateful for sponsorship by businesses in the past and we hope sponsors will continue to give this event their support.  Because of Covid-19 and last year’s drought conditions, it is even more important that we celebrate our relationships.

All sponsors who contribute agree this is one of the most effective sponsorship or advertising campaigns they subscribe to.   As business people, we all rely on farmers for their support and the opportunity to provide them with the products and services they require.  This partnership is likely to continue in the future and your support is greatly appreciated.  In addition, this is usually a great night out!  

We look forward to your support and attendance.  Please feel free to invite others who may wish to attend.  A notice and list of sponsors will be advertised in the King Country News prior to the event.

 

Cheyne Waldron

BAILEY INGHAM LIMITED

 

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Our offices are located in Otorohanga, Taumarunui and Te Awamutu

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