The much hated ‘owner’s basis’ calculations required since the LTC regime started in 2012, are about to change. This is good news for the many LTCs now in existence, and their accountants! Up to and including the 2016–17 income year, the tax deductions available to owners of LTCs were limited… Read More
Continue ReadingWhen your accountant calls to let you know that your accounts are finished, how do you feel? Do you go ‘whippee’ now I can review in detail how I did this year, where the problem areas of my business are and how I can improve? Or perhaps you just look… Read More
Continue ReadingThe much anticipated Trusts 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 ReadingAnn Is back from a relaxing holiday in Hawaii (we’re not jealous!). She also has a new addition to her household – a black miniature schnauzer named Coco. Since toilet training is not going so well it could be a while before Coco is allowed to come to the office!… Read More
Continue ReadingThe importance of time out… Having just taken a relaxing two-week break in Hawaii, the importance of holidays is top of mind. As a SME business owner, is taking time out from the business a rare luxury for you? If you don’t have the spare cash to fund the holiday… Read More
Continue ReadingMany of our clients use Xero and over the past few years we have noticed significant improvements to the way they do business and how we interact with them. With real-time data available, Xero allows our clients to make better and more informed decisions. We can then be more involved,… Read More
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