March 2021

Why having a shareholders’ or partnership agreement is vital

Going into business with your brother, best mate, your parent or with business colleagues is exciting but also has the potential to end badly. An agreement in place at the outset helps identify all the worst-case scenarios so that should a dispute arise or the unexpected happen, you’ve already agreed on the best way to handle things. We share more here.

Morrison Design | Designers in demand

Covid-19 put construction projects on ice and sent shivers through the economy, but Wellington firm Morrison Design says there’s been no cooling off in demand for its services.

Electrical Importing Company | NZ ‘David’ standing strong against Goliaths and pandemic

Electrical Importing Company is considered an alternative supplier to the industrial electrical sector - the only NZ owned and independent ‘David’ up against multi-national ‘Goliath’ competitors.

Sumich Plumbing and Drainage | Summiting 30 years of service

Sumich Plumbing and Drainage is celebrating 30 years, testament to its resilience throughout economic recessions, construction market fluctuations and now, a global pandemic.

Three Tree Landscaping | Kick starting in Covid

Stefan Curry leapt into starting his own business Three Tree Landscaping one month before the Covid-19 pandemic put NZ into lockdown.

The importance of ‘reconciliation’

Reconciliation is a fundamental accounting process that ensures your financial records are accurate and complete. But it is surprising how many businesses do not undertake them. We share why this process is important and how it can help your business thrive.

Directors’ duties key in Covid

Company directors have a legal duty to not trade recklessly or take on obligations that their business cannot perform. Balancing the continued survival of a company versus their obligation against reckless trading has been a key feature of the Covid-19 economic environment.

New trust annual return requirements

Trusts will soon be required to provide an ‘annual return’ to Inland Revenue disclosing various trust information. Applying for the 2022 income year onward, IR can also request the same annual return information for any period between 2015 and 2021 income years.

An extra bolt on the door

Since COVID-19 started, there has been a dramatic increase in the number of cyber-attacks around the world. We share details of Xero’s mandatory multi-facet authentication about to be introduced – putting an extra bolt on the door to help keep your data secure.

New year’s aspirations

A shake up in the job market this year is likely – research indicates that nearly 385,000 adults will look to change their job in the coming year. Although not all will pursue their own business ideas, there is growing support for entrepreneurs.

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