The much anticipated Trust Act 2017 is currently on its first reading in parliament. Once the bill receives Royal Asset there will be an 18-month transition period before the new rules apply to existing family trusts. It is therefore timely to review the proposed new rules. Current Trust Law Trusts… Read More
Continue ReadingQ2 held a successful ‘Planning for Provisional Taxpayers’ event on Thursday 3rd August. Frank Mayta from TMNZ and Q2 Client Advisor Michael Turner demystified the provisional tax system and explained the various options & strategies for paying provisional tax, reducing interest and penalties, and conversing cashflow. Attendees had the opportunity… Read More
Continue ReadingIn my years practicing in Chartered Accounting firms, few experiences are less enjoyable than provisional tax time. For those unfamiliar with the current system, it involves significant guestimates of future taxes before full-year results are known. The current system also slams underpayers with interest and sometimes penalties while paying a… Read More
Continue ReadingQ2 held a free ‘Xero for Beginners’ training workshop on Thursday 13th July, where Cam Anderson introduced attendees to Xero functionalities and how Xero can be used in various businesses. Attendees also had the opportunity to ask questions, network and enjoy Q2 hospitality. Thank you again to all those who… Read More
Continue ReadingBudget Alert 2017 Did we expect an easier ride from an election year budget? Yup. And we got it. The 2017 Budget’s bottom line is to boost spending, ease taxes and give some extra legroom to our growing population and economy. The 2017 Budget combines tax breaks for working families… Read More
Continue ReadingFew industries escape technological disruption. The rapid pace of technological change allows savvy businesses to work smarter, create real differentiation in a crowded ‘me too’ market place, and continually reinvent themselves. Just like the singer, Madonna. Our business has just completed a complete restructure. Faced with the choice of evolving… Read More
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