It is clear that in the current economic environment local businesses are feeling the pinch – we have seen a decline in domestic retail and housing activity, rising unemployment, slowing cashflow and pressure from banks to meet lending covenants. These are certainly difficult times, but how can businesses not only manage their profitability, but also seize new opportunities? Here are our top four tips to flourish in the recession.

Individuals migrating to New Zealand and former New Zealander’s returning to New Zealand may qualify for a 4 year exemption from New Zealand income tax on their foreign sourced income.

Don’t be confused by the Minister of Revenue’s media release of 1 April 2009 entitled “Dunne: many investors in overseas companies better off under FDR rules”.

The idea of exiting a business gracefully with a decent wad of cash has been held on the backburner for the ageing entrepreneurs in the workforce. Two major developments are putting that notion on the back burner. Firstly, with no surprise, the global economic downturn, but secondly as described by Aaron Wallace, the 'ripple on the pond' effect. This article looks into the various issues which aging entrepreneurs face when exiting their businesses.