Depreciation of Assets And You

Depreciation of Assets, And You

Depreciation is calculated annually over the useful life of the asset as part of your end-of-year accounts. To calculate the depreciation, you need to know the asset’s value, your depreciation method and the approved Inland Revenue depreciation rate. Depreciation is a method of spreading the cost over time of significant assets you buy for your…

Using Email Campaigns To Generate Sales

Using Email Campaigns To Generate Sales

With countless emails flooding your customer’s inboxes daily, it can seem like an insurmountable task just  to get them to open yours. Unless your email marketing is being handled smartly and creatively, it could go unnoticed and unread. Email marketing is the act of sending promotional materials through email, where reaching your customers via their…

Gender Inequality in Superannuation

Gender Inequality in Superannuation

Gender gaps can affect superannuation funds as much as they can affect salary rates. With barriers to entering into fields, lower hourly rates of pay, less hours worked and more unpaid labour affecting the amount of super New Zealand women are retiring with, as compared to men.   Currently, the median man’s KiwiSaver balance is…

Business Mergers Acquisitions

Business Mergers & Acquisitions

Did you know that New Zealand prides itself on maintaining a competitive business market? It does this through the use of specific legislation that limits the effect that some mergers or acquisitions of businesses may have on market competition. By maintaining a diverse market of businesses for services, products and goods, competition is improved and…

Tax Shortfall Penalty Payment Rates

Tax Shortfall Penalty Payment Rates

New Zealand’s tax system follows self-assessments concepts. This means that it is the taxpayers responsibility to ensure that they are correctly calculating their tax, and have taken the reasonable care to do so. If a tax return has been lodged incorrectly or there are details missing from it that are needed, the taxpayer may not…