Category: Business Advisory


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 then deposits that payment into a tax pooling account with Inland Revenue. […]

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A delicate balancing act

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, […]

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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 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 […]

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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 you have spent years building. There […]

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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 received on time when it has been electronically paid or direct credited into an Inland […]

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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 mid-2019 which ring-fences residential rental losses from the beginning of the 2020 income year. A […]

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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 in business is their complementary skills. Since starting Synergy Flooring nearly two […]

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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 confidence falling to more than a 10-year low in the quarter to June 2019. Across […]

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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 industry. Bruce Munro is a man of business. He sits on a number of boards of directors and manages a […]

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Passion for the bean

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 […]

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