Crowe Horwath has partnered with award-winning technology company, Catalyst Fuel Refunds. The Hawke’s Bay based company offers clients a simple-to-use, fast and effective system for processing their fuel refunds.
Businesses that operate petrol vehicles and machinery off-road are eligible for a refund on the petrol used of $0.66 per litre. Often, due to the time and paperwork involved, refunds are not claimed by businesses.
As they are always seeking ways to assist their clients, Crowe Horwath saw working with Catalyst as a natural fit,” said Catalyst managing director, Jared Maloney.
Neil McAra, Crowe Horwath head of agribusiness said, “The decision to enter into the partnership was reinforced by the pivotal role technology is playing in the success of our rural sector. Crowe Horwath has been working closely with leaders in technology and innovation to ensure that our clients have access to the right tools to help them run their businesses more efficiently.”
McAra pointed to a recent survey Crowe Horwath conducted at Southern Field Days as highlighting the need for such partnerships. The survey showed that 73.2% of respondents believed that improvements in technology and their adoption would have the greatest positive influence on New Zealand’s agribusiness over the next 12 months.
“Catalyst Fuel Refunds has utilised technology to assist off-road petrol users to claim back $12 million of refunds and their automated system has made processing fuel refunds as quick and easy as possible. The simple, no-fuss system eliminates all the hard work and maximises returns to eligible businesses meaning a cost-effective, time and effort-efficient experience for our clients,” said McAra.
Catalyst was launched in 2013 and has grown to service more than 3,500 businesses across New Zealand.
“We know farmers have enough on their plates without finding time for extra paperwork, so we take that hassle away from them and make sure that they are getting the maximum refund in their bank accounts each quarter. Once they receive the refund, they can use it as they see fit,” said Catalyst managing director, Jared Maloney.
Maloney pointed out that “Claiming back $0.66c per litre on the last two years’ worth of petrol used off road makes it a worthwhile exercise. The average first claim comes out at around $3,000.”To give an example of the potential behind Catalyst Fuel Refunds, here is a Central Hawke’s Bay sheep and beef farmer’s return:
Farm Size: 1,140ha
Two-Year Refund: $4,898 on 9,364 litres used
Average Quarterly Refund: $789 on 1,278 litres used
Crowe Horwath wants to ensure clients are not missing out on any potential returns. To find out more visit www.fuelrefunds.co.nz, call 0800 47 37 27, or talk to your local Crowe Horwath Adviser.