Are values critical to business success, or just fluffy “nice to haves”? First, Define Success Does running or owning a company making significant profits equal success? The answer depends on your values. If you value money over relationships, free time, health or making a positive impact then probably yes. But… Read More
Continue ReadingOlympics “2020” The 2020 Olympics have finished, over a year late. Many people felt strongly that they should have been cancelled because of the Covid pandemic. Although there was an eerie lack of physical spectators, the world still watched (albeit remotely). And what an awesome Olympics for NZ (or should… Read More
Continue ReadingWhen the words “Imputation Credits” appear most people’s eyes glaze over! But for business owners and investors Imputation Credits are truly your best friend! Back in the Day… When I first started my accounting career the top NZ tax rate was 66%. For every dollar earned personally (after paying “business”… Read More
Continue ReadingWe are sometimes asked whether a “Holding/Parent Company” structure, or a “Sister Company” structure is recommended. What is a Holding/Parent Company? A holding/parent company is owned by the ultimate shareholders, let’s say James and Jill with each owning 50% of the shares in the holding/parent company. The holding or parent… Read More
Continue ReadingIf you already own a business you will know first-hand the associated rewards and challenges. A business may grow quickly, but then stall or plateau when starved of sufficient capital or resources. Acquiring or merging with another business can help break through the plateau, allowing further business growth and expansion. Read More
Continue ReadingDue Diligence Explained Due Diligence is defined by Google as “reasonable steps taken by a person in order to satisfy a legal requirement, especially in buying or selling something.” We generally do due diligence when we: Sell something – will the purchaser pay up and/or honour the other parts of… Read More
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