I love the start of a new year and the sense of optimism that accompanies it. My team is refreshed and invigorated after the summer break and there is plenty of excitement and enthusiasm thinking about all the opportunities that lie ahead in the next twelve months. So what can you do now […]
From a personal and business perspective, for me 2015 has been the year of the “life hack”. Per Wikipedia, life hacking refers to any trick, shortcut, skill, or novelty method that increases productivity and efficiency, in all walks of life. In other words, being innovative and achieving better results, something which my team and I […]
This time of year can get out of control quickly, and without having some form of plan in place, it can be harder than it needs to be. Here are a couple of tips to help you through the silly season.Having a budget for the holidays will help you achieve the year-round goal of avoiding […]
When you start a business, the last thing on your mind is the sale or exit strategy of your business. Learn why and how to plan a successful exit here.
Often, settlors of a family trust think that in the event of their deaths, their wills will cover assets held by the trust such as a family home. However, this is not the case. Wills can only deal with personal possessions and assets. Treatment of a family home held by a trust cannot be covered […]
Extracting maximum profit from your business is not easy. Understand the best way to pay yourself and avoid unnecessary taxes.
If you are feeling overwhelmed in terms of the number of different tasks you are trying to do and / or have employees who could be supporting you more, we recommend doing an Organisational Review of your business. Doing this will allow you to define who should be doing what to improve efficiency and give […]
If you have a family home in a trust, changes proposed under the Taxation (Land Information and Offshore Persons Information) Bill will more than likely require your family trust to register for an IRD number. From 1 October 2015, anyone buying or selling property will need an IRD number. This includes non-income generating family trusts […]
I attended the Xero roadshow last week and amongst the plethora of product updates and business advice was a gem I wanted to share with our clients. Xero is big on big data analysis and they have found that businesses using Xero with just one additional piece of add-on software are 24% more profitable. In […]
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 […]
