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How family-held businesses can thrive generation after generation

A well-designed family-held business succession plan can articulate the vision and values of the founders and help ensure a smooth transition to the next generation. From our experience, many leave succession planning too late. We share some of the key questions that a family should be asking if it wants its business to thrive from one generation to the next.

Paid parental leave for who?

A recently released UNICEF report suggests that New Zealand’s child-care policies remain inferior among OECD countries, despite an increase to paid-parental leave introduced from July this year.

Luatola Semisi | Being alone with your thoughts is OK

Learning to be comfortable in her own thoughts, is one of the key benefits that Luatolu Semisi gained from her time at a 21-day Outward Bound programme, supported by Moore Markhams.

Stability and succession

The challenge of a global pandemic has emphasised the importance of a stable workforce. This is giving rise to an increase in the number of employee share scheme arrangements being put in place.

The ‘ute’ – Kiwi icon or tax dodge

It now appears Inland Revenue may be directed to crack down on the application of FBT to utes and enforce the view that they may not qualify as a work-related vehicle. While on the other hand, the Government is incentivising the purchase of electric vehicles.

Kitchens For Less | Kitchen renos running hot

It’s all hands on deck at Otago firm Kitchens For Less as Covid-confined Kiwis splash out on new kitchens as would-be travellers divert holiday funds to renovations, with kitchens often top of the list.

Cryptocurrencies – Are they on your radar?

Inland Revenue has released various forms of guidance on the topic of ‘crypto-assets’, which encompasses cryptocurrencies. This guidance is varied and somewhat contradictory. In general, crypto-assets are treated as a form of property for tax purposes.

Sanders Pharmacy | A winning strategy to business growth

Gemma Perry doesn’t believe in sitting on her laurels. Owner of Sanders Pharmacy in Te Awamutu, and a former New Zealand Young Pharmacist of the Year, Gemma and her team were named Community Pharmacy of the Year at this year’s Primary Healthcare Awards.

‘New builds’ discussion document

Inland Revenue’s “Design of the interest limitation rule and additional bright-line rules” document provides clarification on the proposed rules and seeks feedback on certain elements regarding the tax deductibility of interest on residential investment properties and the extension of the bright-line period to 10 years. 

Self-employed and your meals

If you’re self-employed as a sole-trader, you have a greater degree of flexibility and control of your business affairs but you may be disadvantaged in how income and expenditure is calculated compared to a company. Tax deductible meal allowance for one.

Auditor - risking life and limb

Jordan Pearson is an auditor with a difference. He’s a member of the NZ Response Team working with Canterbury Civil Defence that sees him in some tricky and life-threatening situations.

Moore Markhams strength grows in New Zealand

The Moore Markhams group has been strengthened with a new Christchurch member firm joining our national business advisory and audit network.

The inconvenient truth about sustainability

Technology needed to meet 2050 global emissions targets is not ready but there are five steps we could take now that would make a big difference.

LNG: is the answer to sustainable shipping staring us in the face?

Shipping would be the world’s sixth largest polluter if it was a country. Powering vessels with LNG could cut emissions by 30 percent but it is controversial.