Our Articles

November 28, 2017
Family trusts are a practical structure for holding assets, particularly in New Zealand where there are approximately 300,000 to 500,000 trusts operating today. Currently, the Trustee Act 1956 and the Perpetuities Act 1964 contain provisions which need to be read in conjunction with case law…
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November 28, 2017
I was interviewed by Radio NZ about a car hire company which, unfortunately, lost out on one of its vehicles because it didn’t understand that Personal Property Securities Act (PPSA), despite the fact that the PPSA is nearly 20 years old. Different types of business could suffer considerable loss…
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November 28, 2017
IRD are looking hard at tax crime in the building sector, you might have come across some of their advertising about it. Whether it's you or your accountant 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…
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November 28, 2017
From April 2018, small businesses will be able to leave the hard work of provisional tax to software with the new Accounting Income Method (AIM). AIM is a new option for calculating provisional tax through approved accounting software. It will use your business’ accounting information to work out…
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November 28, 2017
Help your staff with paying their student loan at NO cost to you! Enhance your reputation as an employer of choice through this innovative employee benefit. In a world first, Repay has created the unique opportunity for New Zealander’s to pay money towards a student loan debt by utilising…
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November 28, 2017
Since April, the ‘zero hour contract’ legislation has placed a number of restrictions on Employers and what is allowed in Employment Agreements. Employers are now restricted from requiring Employees to be available for work outside of their standard work hours. Employers should state what…
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September 20, 2017
Owners of all-purpose motor vehicles often appreciate their cars most when they leave smooth city freeways for rough gravel country roads. In investment, highly diversified portfolios can provide similar reassurance. In blue skies and open highways, flimsy city sedans might cruise along just as…
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September 20, 2017
A Guarantor is a person who gives a promise to repay the debt of a borrower. By agreeing to pay a debt the Guarantor has made a guarantee to the institution or person lending the funds (“lender”). Frequently when someone gives a guarantee they are also giving an indemnity. An indemnity is a…
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September 20, 2017
A trade mark may be part of a business name, or a trader may have one or more marks that they use to identify their products or services with them. There’s no legal requirement to register a trade mark, but if it’s of any real importance to a trader, it makes sense to do so (if it’s registrable).…
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September 20, 2017
An online scam targeting Kiwis filing a tax return has been uncovered by the Herald, and the Inland Revenue is now investigating the scheme. Inland Revenue confirmed the fraud when the Herald forwarded an email chain purporting to be from IRD. The email arrives with subject line reading, "IR3…
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September 20, 2017
Mileage rate for self-employed people If you're self-employed you can use our mileage rate to calculate the cost of using your motor vehicle for business purposes. You can use the mileage rates for the 2017-18 and prior income years. Standard mileage rate for motor vehicles The mileage rate…
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September 20, 2017
New Zealand has been in a productivity recession since 2012. Not that you’d notice from headline GDP numbers, which continue to print impressively. However GDP per hour worked has flat-lined for five years. Our per capita GDP growth is similar to Japan. In the absence of productivity gains, our…
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September 20, 2017
You can contribute to paying off your children’s student loan by simply paying your insurance premiums. This innovative approach is provided by Repay. As you pay your house, life, car, liability or any other insurances a portion of the premium is forwarded to Inland Revenue. When Inland Revenue…
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September 20, 2017
Holding back on insurance can be tempting when money’s tight. But managing your risks could mean the difference between going under and thriving. Here’s what you need to think about. “Most small businesses are under-insured,” says Insurance Council of New Zealand Chief Executive, Tim Grafton.…
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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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