A gentle reminder that GST for the period ended 30 November 2019 is due by 15 January 2020 as is the second instalment of 2020 provisional tax for most taxpayers with a 31 March balance date. Q2 sent income tax payment notices last week – if you were expecting one… Read More
Continue ReadingNew Zealand has one of the highest rates of family trusts in the world – which would lead you to assume we have a pretty good handle on how they work. Surprisingly, many of the 300,000 to 500,000 trusts in New Zealand are poorly-maintained and ineffective. So, why do so… Read More
Continue ReadingAs any small business owner knows, the right accountant is crucial for managing the financial side of your business. They’ll help set up your accounting and payroll systems, as well as sort out your annual accounting and tax. But that’s just the beginning! A great accountant will also help you… Read More
Continue ReadingAs a tradie, you’ll be well aware of how important it is to understand the financial side of your business. But at the end of a busy day, going through all those numbers is often the last thing you feel like doing! Monitoring your financial health is absolutely vital for… Read More
Continue ReadingAre you a busy business owner? Why should you improve your financial intelligence? Running a business without understanding your numbers is like driving a car without a steering wheel. As any business owner should know, there’s a direct correlation between financial literacy (what Q2 call financial intelligence) and business… Read More
Continue ReadingBackground At 26 June 2019, the new Property Ring-Fencing Rule received Royal Assent, back-dated to take effect from 1 April 2019. The legislation change seeks to prevent property investors from investing for capital gain: a tactic supposedly used by investors who make consistent losses. Because New Zealand does not have… Read More
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