It’s common for people involved in family trusts to underestimate the ongoing management and administration requirements. While people settle (create) a family trust as a means of providing a form of protection for assets, experts believe that if challenged, many New Zealand family trusts could be overturned. A common reason for trust non-compliance is poor […]
Got a trust? Most likely – it’s estimated there may be more one million trusts in New Zealand. This is the result of the trust formation industry that exploded in the 1980 and 1990 as people sought to avoid estate tax and superannuation charges. More were set up in the 2000s to avoid asset testing […]
During the 1980s and 1990s, Kiwi’s in their tens of thousands set up family trusts to hold their family home and avoid estate duties. More were set up in the 2000s by those wanting to avoid asset testing for residential care and the effects of the Property (Relationships) Act. Typically these trusts were set up […]
With personal liability of directors and officers due to the HSE reform, you must proactively manage health and safety. What does this mean in practice?
Lots of things have happened this month and now is a good chance to have a look at some of the changes and how they may relate to you and your business. PAYROLL MINIMUM WAGE INCREASE – the minimum wage has gone from $14.25 per hour to $14.75 per hour – your April payroll should […]
Small businesses win work by using sales quotes. Yet they often don’t realise that how they prepare quotes can cost them business. Many lose revenue by not following up on quotes or turning quotes around fast enough. According to a recent survey, the number one financial challenge of small businesses is cashflow and getting paid.* […]
With the end of the financial year only just around the corner, Xero’s Head of Accounting, Grant Anderson, has prepared some top tax tips to make things a bit easier come April 2015. 1. Talk to your accountant before year end Start thinking about tax now. It is best to start planning for tax early. […]
A new financial year is always a great opportunity for business owners to take a step back and think about what they can do to improve on previous years. Sometimes, the answers are glaringly obvious, but in other instances, you may have to think a little outside the box. Even if you are entirely satisfied […]
Any investment should start with clarity around objectives, risk profile and time frame. Here are the steps to achieve this before buying a rental property.
On 1 July 2015 the ACC vehicle licensing levy is being reduced. The cost of relicensing most vehicles will drop by around $130 a year. If you need to renew your vehicle’s registration before then, you can save money by renewing your registration to expire in July 2015. Note that the relicensing form and online […]
