Last month the NZ Productivity Commissioner stated that “New Zealanders are working harder rather than smarter”. It seems we are working harder but producing less compared to other countries. NZ’s traffic infrastructure is not helping – the time getting to and from work, or around the city as part of… Read More
Continue ReadingA business plan is a document presenting the business strategy and expected financial performance for the years to come. The business model is usually part of the business plan as it is the mechanism through which the business generates profit. The Business Plan The business plan covers the value proposition, target market, competitive advantage,… Read More
Continue ReadingOne of the most impactful books I have ever read was “The 7 Habits of Highly Effective People”, originally published by Stephen Covey on 15 August 1989. In 2017 when my accountancy business restructured I wanted a brand that was meaningful and that reflected my personal philosophy. The name “Q2”… Read More
Continue ReadingThe bright line rules have been called a capital gains tax by stealth, designed to tax realised gains on residential property sold within a few years of purchase. The new bright line rules announced on 23 March 2021 apply from 27 March 2021 and are likely to trip many people… Read More
Continue ReadingTaxes have always been used by governments as a way of encouraging or discouraging behaviour. That is why a packet of cigarettes currently costs around $38 in NZ. Recent governments have used the tax rules to try unsuccessfully to curb house prices and the popularity of property investment in NZ. … Read More
Continue ReadingWith 31 March only several weeks away some business owners will be thinking about prepaying expenses to reduce taxable profit. But care is needed to ensure that a payment can be deducted for tax purposes. Purchase of Assets As mentioned last week, assets with a useful life of more than… Read More
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