To Corporatise, or not to Corporatise, that is the Question?
August 17, 2020
What structures are available to builders that can balance tax efficiencies, flexibility for businesses, and ease of compliance? There are 4 main structures that are available: Sole Trader, Partnerships, Companies, and Trading Trusts. Each structure has benefits ...
UOMI Remission
April 14, 2020
IRD has issued guidelines for the remission of UOMI on tax obligations due after 14 February 2020.
To qualify, you must satisfy the department that you are physically unable to make their payment when it’s due because of COVID-19 or that you are struggling financially to p...
Government Guaranteed Loans
April 14, 2020
As we enter into Week 4 of the COVID-19 lockdown, client’s thoughts will move to “what will my business look like?” and how to fund the cashflow to get it back up to recovery. Any business that was successful pre COVID-19 will be successful post COVID-19, it is just a ...
From Crisis Comes Opportunity
April 14, 2020
For the first time in many of our collective memories, New Zealand has imposed restrictions on our personal freedoms that we may ever see again. While the reason is noble, it has forced many businesses to look internally to their own systems and business continuity plans. Fr...
Companies Duties Post COVID-19
April 14, 2020
In the ever-evolving world of COVID-19, the government have announced a number of different changes for company directors that will assist with companies surviving the post COVID-19 trading era. The proposals are not intended to be long-term but to assist with the companies ...
COVID-19 Wage Subsidy Q&A
April 3, 2020
With many clients applying for the wage subsidy, Karl (our Tauranga partner) has developed some Q&A’s for our clients as part of a presentation to business owners.
What are the Governments Expectations?
There is a requirement to pay staff 80% of their wages if the business...
Retentions – Are They Really in Trust?
March 16, 2020
After the collapse of Mainzeal in 2013, which sent shockwaves through the construction industry, resulting in changes to the Construction Contracts Act that required the retentions from a contract to be held in trust. It does not need to be held in a specific trust account, ...
Are Accounting Journals Still Relevant?
March 13, 2020
When I first started out in accounting, which I can say was last millennium, the basics of accounting that we learned was the double-entry system of accounting. Everything had to balance and journals were the normal accounting process. Technology has changed (and change is t...
The Role of The Company Secretary
March 13, 2020
The Company Secretary was a role that all companies were required to have before the Companies Act changed in 1993. Now the position is seen as a redundant position, especially with a large number of smaller companies being used as a commercial vehicle. But is the role of th...
Airbnb, Borders & Short-Term Stay
February 20, 2020
At a recent seminar on technological disruption in the business environment, an interesting fact was that in 10 years, Airbnb had gathered the same number of beds as the Marriott hotel chain (the 3rd largest in the world at 1.33million), but the Marriott chain started in 192...
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