Forestry and the Emissions Trading Scheme

Forestry and the Emissions Trading Scheme

Baker Tilly Staples Rodway has a number of senior staff with significant experience and expertise as accountants in the forestry and the Emissions Trading Scheme (ETS) sector which covers all accounting disciplines including accounting, taxation, audit and business advisory.

ETS has been with us for a number of years now with full obligations arising for the forestry sector from 1 January 2008. The changing landscape of the ETS will provide the right incentives for forestry over the long term to help take action on climate change and support the transition to a low emissions sustainable future. Forestry is the key sector where benefit can be obtained from the ETS to generate value and wealth.

 

ETS Administration Support and Carbon Accounting

We can manage and arrange all administrative and mapping tasks associated with the ETS, including:

  • Arrange an initial Post-1989 forest land eligibility assessment, including mapping and supporting evidence
  • Help with estimating carbon credit (NZU) allocations and potential returns before entering the ETS
  • Register your post-1989 forest land in the ETS
  • Prepare mandatory and voluntary emissions returns

 

Business Advisory

  • We can provide accounting advice specific to the forestry and ETS sector
  • We can assist with structuring and acquisitions
  • We can help with budgeting and project costing

 

Compliance

  • We can assist with the preparation of management and statutory financial statements in accordance with the required reporting framework including New Zealand Equivalents to International Financial Reporting Standards (NZ IFRS)
  • In-depth understanding of financial reporting and disclosure requirements relating to the sector

 

Taxation

  • We can provide taxation advice specific to the forestry and ETS sector
  • Provide updates on legislative change
  • Tax efficient structuring of operations
  • Opinions relating to specific property transactions
  • We can prepare and review income tax returns and all indirect tax returns including GST, FBT, PAYE, RWT, NRWT, etc. for entities of all sizes from large multinational entities to locally owned

 

Audit and Assurance

  • We can provide a full menu of audit services specific to the forestry and ETS sector including statutory audits and specialised audit services
Services

News

30 Jun 2022

Tax Talk | Rates revamp for the 2022 income year

Inland Revenue has recently published various updated standard rates, and we outline these below:

28 Jun 2022

Here’s what to factor in for your on-farm budget

Two weeks ago, we wrote about the importance of agriculturalists knowing their financial position, ready for what could be a bumpy ride through the 2023 season.

23 Jun 2022

Team touts the benefits of using the right software

It’s an age-old issue – a business purchases software and it isn’t right for the job. Staff throw up their hands in dismay as everyone grapples with a tool that is a help on some levels and a hindrance on others.

21 Jun 2022

Good brand design helps bring business success

You may wonder how people who “just make pictures in Photoshop” can affect your bottom line… well, read on.

16 Jun 2022

Planning is a key buffer against rising farm costs

After a good 2021 season, rising costs are beginning to hit those in agriculture and it’s time to start planning because the 2023 season could be bumpy.

14 Jun 2022

Reducing staff angst over returning to the office

Organisations have been considering how to return their employees to the office without alienating them or causing undue anxiety. Flexibility is a key retention strategy in the time of “the Great Resignation” but how do you balance this with “business as usual” back in the office? 

10 Jun 2022

Trust rules keep focus on high-wealth Kiwis

Are you considered well-off or a high earner by average standards? Then you’ve probably felt the effects of government initiatives focused on ensuring the wealthy pay their “fair share”. Now it’s turned its gaze to trusts, with the implementation of new reporting requirements.

08 Jun 2022

Trusts will wear burden of new compliance costs

If you’re one of the many people who set up a family trust to protect your assets, by now you’ll likely be aware that the government has put a spotlight on trusts.

31 May 2022

Government looks inside use and wealth of trusts

Last month the Government brought in new annual reporting requirements for domestic trusts. It wants a better understanding of how trusts are used and what wealth they hold, so Inland Revenue has introduced two sets of reporting requirements.

26 May 2022

Have we learned any recruitment lessons yet?

Many businesses seemingly have not changed their approach to recruiting talent, despite the almost constant noise from all industries about how hard it is to find the people their businesses need to grow and succeed.  Are we really going through the same old motions expecting a different result?

23 May 2022

Dorian Crighton – director profile

Christchurch director Dorian Crighton tells us a bit about himself and gives his thoughts on the New Zealand business landscape and challenges in 2022.

18 May 2022

Budget 2022 - our analysis

Our tax experts summarise and give their opinion on the main points of the Labour Government’s 2022 Budget.

Find an expert

Our website uses cookies to help understand and improve your experience. Please let us know if that’s okay by you.

Cookies help us understand how you use our website, so we can serve up the right information here and in our other marketing.