Trust Health check – is your trust still fit for purpose?
Due to changes being introduced by the new Trusts Act it will be prudent to undertake a health check on your Trust this year.
Many trusts have been set up for the purposes of achieving asset protection, estate planning or structuring efficiencies, and those purposes are more than likely still valid today.
The new Trusts Act, however, introduces some fundamental changes to the way trusts need to be operated after January 2021, and these changes will apply equally to existing trusts and new trusts.
Take a look at what key changes will apply to your Trust from January 2021 and what you should consider over the coming months before it takes effect.
To choose the right accountant, look beyond the numbers
How do you choose an accountant? Do you want business advice or just clear concise numbers management? Do you want a business partner or simply an accountant who does the numbers? Hayes Knight is an innovative chartered accountancy practice that works beyond the numbers to keep our clients’ businesses future fit.
Our Business Advisory Services team prepares, analyses and reports on all accounting matters.
Numbers are only a part of the game plan. We work closely with our clients to add rigour to their business planning.
At Hayes Knight our Tax Team will find the best solution from not only a tax perspective, but a commercial one too.
Our team will help you realise the true value of your business and prepare it for tomorrow.
At Hayes Knight we have a team of experienced, proactive and efficient bookkeepers that can help businesses with their day-to-day bookkeeping needs.
As active members of Franchise Association of New Zealand (FANZ), we are the first choice for many businesses looking for expertise in franchise matters.
Your journey to business growth and profitability starts here with our Virtual CFO service.
We are delighted to bring you an inspiring article written by our client, iFLY Indoor Skydiving, who shares their personal insight on how they have used the challenges presented by Covid 19 to ‘pivot’ their business – maximising opportunities and minimising...read more
If you were following the news last month you may be wondering what Team New Zealand did wrong, and how you can ensure that it won’t happen to your business. Team New Zealand inadvertently relied on a fraudulent phishing email advising a supplier’s change in bank...read more
Recent changes in Australia could mean a New Zealand business may be deemed to be tax resident in both Australia and New Zealand, even if the business does not trade in Australia. Being dual resident can impact on the New Zealand business in a number of ways,...read more
Some of Our People
“Moving to Hayes Knight about two years ago was the best business decision we have made in a long time. The service and assistance provided by the firm have far exceeded our expectations. Hayes Knight have helped us implement more robust systems which has significantly helped with the growth of our business. I would certainly recommend Hayes Knight to anyone looking to move their business in a positive direction.”
Mark Wilson, Director, Masonry Design Solutions
Read more +
“Great people to deal with and always deliver what they say they will and on time. Highly recommend Hayes Knight for all your Accounting needs.” Mark Frankham, Chief Executive Officer, ASB Showgrounds
Read more +
Hayes Knight in New Zealand is a member firm of the “Nexia International” network. Nexia International is a leading worldwide network of independent
accounting and consulting firms, providing a comprehensive portfolio of audit, accountancy, tax and advisory services.
These firms work together to service the cross border needs of our clients. As a member of Nexia International, we can advise you globally, liaising with Nexia International members on your behalf.