Helping you thrive in a changing world
Using technology to streamline your processes and systems increases efficiency, saving time and money, and reducing stress. We can help you identify how to use technology to make your business more sustainable, scalable, and saleable?
Trusts will soon be required to provide an ‘annual return’ to Inland Revenue disclosing various trust information. Applying for the 2022 income year onward, IR can also request the same annual return information for any period between 2015 and 2021 income years.
Sumich Plumbing and Drainage is celebrating 30 years, testament to its resilience throughout economic recessions, construction market fluctuations and now, a global pandemic.
Going into business with your brother, best mate, your parent or with business colleagues is exciting but also has the potential to end badly. An agreement in place at the outset helps identify all the worst-case scenarios so that should a dispute arise or the unexpected happen, you’ve already agreed on the best way to handle things. We share more here.
Classifying expenditure as either deductible repairs and maintenance (R&M) or non-deductible capital expenditure is not clear cut. It is a question of fact and no two situations are the same. And while its advantageous from a tax perspective, when is it pushing ‘the line’ too far.
A business needs to pay employees a fair market salary for their personal service. Given the 39 percent personal marginal income tax rate on income over $180,000 now in place, Inland Revenue’s scrutiny of such salaries is expected to increase.
During the early days of the COVID-19 pandemic, the Government relaxed rules relating to carrying forward tax losses. The thinking being businesses requiring new capital investment would not forfeit tax losses. This change is now law.
Larger charities and not-for-profits will be required to formally report service performance information as part of their year-end financial statements for financial years ended 31 December 2022 onwards. Now’s the time to start thinking about how best to achieve this.
When Malcolm James sold his original, 25-year-old flooring business in 2007 for “an offer I couldn’t refuse” he started all over again building his second business from scratch, Malcolm James Furnishings.
After a false start due to Covid-19, Simon Munro and his partner Charlotte Cudby, have bought Paremata Auto Services, with the added bonus that it’s just down the road from their home.
Like many great Kiwi ventures, this one began in a humble shed. Concerned at the amount of agrichemical and paint containers ending up in landfill, 3R Group’s founding partners set out to find a better solution.