May 2021

BUDGET 2021 – SECURING OUR RECOVERY

This time last year, the Budget dealt mainly with the Government’s economic response to the COVID-19 pandemic with support for business very much to the fore. In 2021, that focus has shifted to improving the wellbeing of New Zealanders and, in particular, those on the lowest incomes.

Introducing Xero ‘gun’ Gemma

Gemma Sheed has returned to our team after time out to have four children. At the same time she was keeping her hand in, particularly working with Xero. She’s now our Xero consultant – a gun for hire for clients, helping with all things relating to Xero.

Paragon NZ | Keeping a clear eye on business key to PI success

Veteran private investigator, Ron McQuilter came to New Zealand from Scotland 38 years ago. Using his policing experience, he set up Paragon NZ, a private investigation and security consultancy that operates throughout the country.

Paremata Auto Services | New owners bringing fresh drive to motor business

After a false start due to Covid-19, Simon Munro and his partner Charlotte Cudby, have bought Paremata Auto Services, with the added bonus that it’s just down the road from their home.

Malcolm James Furnishings | Furnishing Dunedin for 40 years

When Malcolm James sold his original, 25-year-old flooring business in 2007 for “an offer I couldn’t refuse” he started all over again building his second business from scratch, Malcolm James Furnishings.

Cheques being phased out

All major banks will stop issuing and accepting cheques over the coming months. It is important your relevant staff and your customers are aware of the key dates.

Heads up for large charities & NFPs

Larger charities and not-for-profits will be required to formally report service performance information as part of their year-end financial statements for financial years ended 31 December 2022 onwards. Now’s the time to start thinking about how best to achieve this.

Traps when buying a used car

While the process of buying a used car is usually completed without legal advice, it’s useful to refresh the checklist of the key points you should follow. This is particularly important if there is no intermediary overseeing the purchase.

COVID-19’s latest victim: tax loss carry forward rules

During the early days of the COVID-19 pandemic, the Government relaxed rules relating to carrying forward tax losses. The thinking being businesses requiring new capital investment would not forfeit tax losses. This change is now law.

Fair market salary reminder

A business needs to pay employees a fair market salary for their personal service. Given the 39 percent personal marginal income tax rate on income over $180,000 now in place, Inland Revenue’s scrutiny of such salaries is expected to increase.

  • 1
  • 2
  • 3
  • Showing results 1 to 10 of 21