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 then deposits that payment into a tax pooling account with Inland Revenue. […]
By Hayes Knight – 9 November 2017 Rapid 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 building their childcare company Provincial Childcare Holding Ltd, […]
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 seen as the “first cab off the rank” in proceeding with this change. Recently however Kiwibank has announced it will be going cheque free from 28 February […]
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 you have spent years building. There […]
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 received on time when it has been electronically paid or direct credited into an Inland […]
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 mid-2019 which ring-fences residential rental losses from the beginning of the 2020 income year. A […]
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 in business is their complementary skills. Since starting Synergy Flooring nearly two […]
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 has often been referred to by the media as the Amazon tax. The […]
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 confidence falling to more than a 10-year low in the quarter to June 2019. Across […]
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 industry. Bruce Munro is a man of business. He sits on a number of boards of directors and manages a […]
It’s easy to see how someone could get hooked on the business of coffee… once you understand the journey from green bean to cup, it leaves you hankering to learn more. At least, that’s how it happened for Chris White, founder of the gold-standard coffee wholesaler Altura Coffee Company Limited. His father wouldn’t let him […]
Going the Distance for Oxfam
Hayes Knight listed as one of the top accounting firms in New Zealand for the third year running
SHOULD YOU USE TAX POOLING?
Countdown to Tokyo
