Our Articles

December 15, 2016
Although this is a technical article, the issues relating to PAYE payments not made are taken very seriously by IRD as these payments are held ‘in trust’ by you on behalf of IRD and should not be used by you (for anything) and paid directly to IRD on time. In our experience, payment arrangements…
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December 15, 2016
The Internet opens up small businesses to global markets and a wealth of opportunity, but it also puts you in contact with people whose intent is to harm your business. Avoidable security breaches are, sadly, a fact of life for many small businesses – in some cases the impacts of which are so severe…
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November 3, 2016
With recent changes within our office we are now using an Automatic Attendant phone systemThis means that when you call us you will get an list of instructionsPress 1 then the extension number of the person you wish to speak to and you will be connected them directly.or Press 2 and you will hear a…
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September 22, 2016
When news breaks and markets move, content-starved media often invite talking heads to muse on the repercussions. Knowing the difference between this speculative opinion and actual facts can help investors keep their nerve. At the end of June, UK citizens voted in a referendum for the nation to…
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September 22, 2016
The majority of lease arrangements are entered into using the Deed of Lease provided by the Auckland District Law Society. Whether you are a business owner and tenant, or a landlord, it is important that you understand your rights and obligations. How well do you know your lease? Tenants right to…
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September 22, 2016
When buying, selling or transferring New Zealand property, excluding the main home, people will need to provide their IRD number and TIN (if they have one) to LINZ. Trusts are also required to provide their IRD number to LINZ when buying, selling or transferring New Zealand property. Visit the…
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September 22, 2016
As a business lawyer, it seems to me that traders/suppliers are often reluctant to review their terms of trade and other supply contracts. Any contract lawyer will say that this is short sighted. Traders flout new consumer laws at their peril and there will be many terms of trade out there that…
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September 22, 2016
On or after 1 October 2015, any customer who meets the definitions of an offshore person will need a fully functional New Zealand bank account before they can apply for an IRD number. Applicants must also provide their overseas taxpayer identification number (TIN). Offshore person definition…
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September 21, 2016
Research shows that most people complain once a minute during a typical conversation. Complaining is tempting because it feels good, but like many other things that are enjoyable—such as smoking or eating a pound of bacon for breakfast—complaining isn’t good for you. Your brain loves efficiency…
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September 21, 2016
Taking out customers, suppliers or employees for a meal and some entertainment is a great way to build your business. Meals and entertainment for business purposes are a legitimate business tax deduction, but there are limits on what you can deduct … private entertainment costs are not tax…
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September 21, 2016
Beware, spam is getting more and more sophisticated; we recently received a copy of the email below which we have screen shot (do not panic about clicking on it). This is clearly spam as when (in the original email – won’t work on the screen shot copy) you hover with the mouse (without clicking) on…
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August 24, 2016
Have you noticed the surge recently in people wandering aimlessly and staring at their smartphones? Chances are they're playing Pokémon GO, the latest craze. It's an activity eerily close to how some folk see investing. From Tokyo to Frankfurt and from New York to Auckland, tens of millions of…
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August 24, 2016
New Zealanders are master inventors. What Kiwi inventors are not quite so good at is moving beyond the eureka moment and into the next stages of the innovation cycle. This article does not delve into the patent process. That is the domain of patent attorneys. However, to move beyond eureka, an…
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August 24, 2016
Companies Act - whether a director “lives in” New Zealand Section 10(d) of the Companies Act requires every company incorporated in New Zealand to have at least one director who: lives in New Zealand; orlives in Australia who is a director of an Australian company. What does “lives in New…
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August 24, 2016
From time to time IRD publishes its key compliance focus areas – specific issues that IRD are looking at now. The latest report includes the following areas of focus; Aggressive tax planning Charities People with high-wealth or high-income Trusts The “property business” Under-reporting…
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August 24, 2016
Relieving stress can have a huge impact on your productivity. Stress doesn’t come on it’s own and simultaneously won’t leave on its own. There are temporary and long term solutions to help you relieve stress. By implementing a combination of these techniques you can reduce your stress levels which…
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August 24, 2016
A new, improved guide is available for people who are considering moving into a retirement village and want to know more.Buying into a village is different from buying a house. It can be complex and villages vary in their accommodation, support, management, legal and financial structures.The…
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August 24, 2016
Recently a few new tax rules about sale of residential property in New Zealand were introduced by the Inland Revenue Department (IRD). First is the bright-line test, which is introduced in November 2015. It requires income tax to be paid on any gains from the sale of residential property bought and…
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July 26, 2016
Have you ever played Bingo? This game of chance requires players to mark off numbers on a card as they are drawn randomly by a caller. Whoever completes their card first shouts 'Bingo!' It's a bit like trying to follow broker calls on stocks. One Australian research house helpfully offers…
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July 26, 2016
Many commercial and multi-residential buildings require an annual building warrant of fitness (BWOF) to prove that the building’s safety systems have been maintained and inspected. The BWOF is obtained by the building owner and provided to the Council, and must be displayed in the building in a…
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