Our Articles

May 25, 2017
Everybody loves the comforts of home, but investors who become too anchored to familiar territory can end up with a very narrow view of the world. Home bias, the tendency of investors to allocate a disproportionate amount of their funds to their domestic market, is a well-documented phenomenon.…
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May 25, 2017
If you are considering buying or selling a business, then it is important you obtain legal and accounting advice as to which structure most suits you and your company’s needs. Generally, the two most commonly used methods for a business sale and purchase are: • The assets, which…
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May 25, 2017
The Research and Development (R&D) loss tax credit gives innovative companies access to their tax losses sooner so they have cash on hand to help grow their business when they need it most. Eligible businesses can claim up to $224,000 credit for the 2016-17 tax year. Find out if your business is…
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May 25, 2017
One of the most helpful ways to promote many businesses is through positive word of mouth marketing. In other words, happy clients tell other people they know about the great experience they have enjoyed when buying from your business. There are many ways to get positive word of mouth marketing…
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May 25, 2017
Why Excel isn’t a long-term solution Excel can do a large number of tasks, is easily available and is very widely used in the world of business. But while the application is sturdy, the spreadsheets created while using it aren’t. A University of Hawaii study found that 88 percent of spreadsheets…
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May 25, 2017
The 2017 Budget announced today by the Minister of Finance includes a Family Incomes Package comprising proposals to: adjust the bottom two tax thresholds,discontinue the Independent Earner Tax Credit,increase the Family Tax Credit rates for children under 16, andincrease the abatement rate and…
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May 25, 2017
To make sure you get prompt payments of any refunds in the future please add or update your bank account details for each of your tax types. You can do this anytime online through your myIR Secure Online Services account. Please update your bank account details for all tax types, even if you…
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May 25, 2017
Should there be a Shareholders Agreement? Mostly yes, at least for relatively closely held companies. Will it always solve all problems? No, but it often will and it may avoid costly, time consuming, and bitter wrangles. It’s often much worse and much more costly trying to solve problems…
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May 1, 2017
New withholding tax rules apply from 1 April 2017 which can have an impact on the withholding obligations for businesses. Most of you will be aware and familiar with the requirement to withhold tax from certain subcontractors. And you will probably be dealing with subcontractors who use a company…
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April 26, 2017
Ever ridden in a car with worn-out shock absorbers? Every bump is jarring, every corner stomach-churning and every red light an excuse to assume the brace position. Owning an undiversified portfolio can trigger similar reactions. You can drive a car with a broken suspension system, but it will be…
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April 26, 2017
In April 2016, Uber (the private passenger service operating via a social media smartphone application) came under fire from the New Zealand Government, amidst fears that Uber was changing its rules by dropping its requirements to have a passenger endorsement for their licensed drivers or a…
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April 26, 2017
Employers must have updated their existing employment agreement templates to ensure compliance by 1st April for the recent changes to the Employment Relations Act 2000 (ERA). Employers who rely on out dated agreements could not only find that some of their provisions may be unenforceable but that…
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April 26, 2017
If you get money from renting out your house, a room, a caravan or a sleep-out for any time at all - it's income. This means you must file a tax return as you may have tax to pay - you may even get a refund. It depends on your other income (e.g salary or wages) and how much tax you've paid in the…
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April 26, 2017
You might've seen or heard the recent IRD advertising about undeclared cash jobs. “Whether it's you or your tax agent that prepares your GST and income tax returns, please make sure all your income is declared. If you don't declare cash jobs you can be hit with tax penalties and a criminal…
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April 26, 2017
On 13 March 2017, the Minister of Justice, the Hon Amy Adams, introduced the Anti-Money Laundering and Countering Financing of Terrorism Amendment Bill (248-1). The Bill is intended to bolster New Zealand’s existing anti-money laundering laws which help to protect businesses and make it harder for…
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April 26, 2017
1 April 2017 heralds some important changes for taxpayers and their advisers. Most of the changes are business friendly and are designed to reduce compliance costs. The changes are contained in the recently enacted Taxation (Business Tax, Exchange of Information, and Remedial Matters) Act. The…
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February 21, 2017
What will 2017 hold? Our natural curiosity about the future makes a ready-made market for speculative media articles about events likely to drive financial markets in the coming year.But the assumption driving much of this seasonal coverage is that the mere turn in the calendar from one year to…
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February 21, 2017
Intellectual property (IP) forms a fundamental element of most businesses. It encompasses creativity, innovation and in some instances, education. In certain circumstances, intellectual property rights may be registered, thereby making provision for particular, exclusive rights over an invention,…
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February 21, 2017
Whether a director “lives in” New Zealand By virtue of section 10 of the Companies Act 1993, New Zealand companies are required to have at least one director who: lives in New Zealand; orlives in Australia and is also the director of an Australian company (excluding a branch). The Companies…
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February 21, 2017
Inland Revenue have been improving the way they collect overdue debt for some time now. They have also been working to understand why people go into debt and have developed some initiatives to increase on time payment. IRD continue to see high numbers of people who miss the 7 April due date and…
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