March 2021

Why having a shareholders’ or partnership agreement is vital

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.

Morrison Design | Designers in demand

Covid-19 put construction projects on ice and sent shivers through the economy, but Wellington firm Morrison Design says there’s been no cooling off in demand for its services.

Clifton Glamping | Happy glampers

The Covid-19 pandemic squashed international tourism, but Clifton Glamping in Hawke’s Bay is busier than ever as home-grown glampers rush to fill the gap.  

Electrical Importing Company | NZ ‘David’ standing strong against Goliaths and pandemic

Electrical Importing Company is considered an alternative supplier to the industrial electrical sector - the only NZ owned and independent ‘David’ up against multi-national ‘Goliath’ competitors.

Sumich Plumbing and Drainage | Summiting 30 years of service

Sumich Plumbing and Drainage is celebrating 30 years, testament to its resilience throughout economic recessions, construction market fluctuations and now, a global pandemic.

Three Tree Landscaping | Kick starting in Covid

Stefan Curry leapt into starting his own business Three Tree Landscaping one month before the Covid-19 pandemic put NZ into lockdown.

Advintage Wines | COVID advantage for Advintage

Hawke’s Bay-based online wine merchant Advintage is toasting a record-breaking year after locked-down Kiwis flocked to the web for their wine fix.

The importance of ‘reconciliation’

Reconciliation is a fundamental accounting process that ensures your financial records are accurate and complete. But it is surprising how many businesses do not undertake them. We share why this process is important and how it can help your business thrive.

Directors’ duties key in Covid

Company directors have a legal duty to not trade recklessly or take on obligations that their business cannot perform. Balancing the continued survival of a company versus their obligation against reckless trading has been a key feature of the Covid-19 economic environment.

New trust annual return requirements

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.

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