2014 Wine Harvest

Vineyards with a March balance date should start thinking about what impact an earlier harvest may have.  If your 2013 harvest was in early April, with the possibility that 2014 will be harvested in March, then you will have to account for two years income in your 2014 accounts.

An early harvest and/or increased volumes will have an income tax implication that you should plan for.  Give Brian, Geoff or Louise a call to discuss the opportunities to minimise the tax cost and manage your cash flow.