Latest Posts - Hayes Knight

SHOULD YOU USE TAX POOLING?

Yes, we certainly think so. It is Inland Revenue approved and has been around since 2003. In a nutshell, instead of taxpayers paying their provisional tax payment to the Inland Revenue, they deposit their provisional tax payment with a tax pooling intermediary who...

A delicate balancing act

By Hayes Knight - 9 November 2017Rapid growth sounds like a good problem to have, but it can take a good business down if not managed right. Walking that fine line between explosive growth and chaos requires balance. As Katie and Andrew Phillipps have found while...

Countdown to Tokyo

After overcoming myocarditis and a torn pec tendon in 2018, our sponsored athlete, Jacko Gill, has had a fantastic 2019. Jacko’s 2019 season started with a new Personal Best in the Czech Republic competition which saw him qualify for the Tokyo Olympics in August 2020....

Paying IRD by cheque – The screws are tightened

For some time Inland Revenue and other Government organisations have been pondering changing how their customers can make payment. Specifically, whether you will be able to make payment using a cheque. There has been some reluctance for Government departments to be...

Time to hang up the boots?

There will come a time with most business owners when the drive for running their business diminishes and is replaced by dreams of cruises around the Greek Islands. However, what many people want to know is how to make sure you get the most out of the business that...

Was your tax payment received on time?

Technology has seen more and more of us making our tax payments electronically, which Inland Revenue actively encourages. It is therefore timely to review when Inland Revenue accepts payments as having been received on time. NEW ZEALAND ELECTRONIC PAYMENT will be...

Residential Rental Loss Ring-Fencing

Not only have residential investors been hit with the extended 5-year bright-line test, the new loss ring-fencing rules will mean many residential rental property owners may struggle to cashflow the costs of owning their rental property. Legislation was passed in...

Synergy by name and by nature

Synergy (noun) - “The interaction or cooperation of two or more organisations, substances,or other agents to produce a combined effect greater than the sum of their separate effects.” James Alexander and Alex Ward are clear on one thing; a foundation of their success...

For all those online shoppers out there – A reason to shop early this Christmas

From 1 December 2019, offshore sellers (including electronic marketplaces and re-deliverers) will be required to register and charge GST at 15% on supplies of low value imported goods if sales to New Zealand private consumers in a 12-month period exceed $60,000. This...

Dark clouds on the horizon

With a number of new government policies and initiatives taking bite, businesses are facing a new, more challenging environment. The latest ASB business confidence survey showed business confidence was at its lowest level since March 2009, with New Zealand business...

Magnetic Appeal

Resilience, innovation and sheer Kiwi determination – that pretty much sums up FlexiDRILL’s evolution from business start-up drilling contractor to international market leader in magnetic and mechanical induced vibration drilling equipment for the mineral extraction...

Who Would be an Employer?

Business owners I’ve been dealing with recently are getting increasingly frustrated by the challenges of being an employer. There is a feeling that government regulation is pressing down on them and they feel they’re being painted as privileged people taking advantage...

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