Conducting your business’ health check

Trusts Act 2019 – New Requirements

You will have heard many references to the new trusts bill. The bill has now been passed and is officially the Trusts Act 2019.  The provisions of the act will come into effect on 30 January 2021.  This effective date is just around the corner and is meant to allow Trustees time to ensure that…

Taking advantage of the new building depreciation deduction claims

COVID-19 Impacts on the Airbnb Market

GST impact on Airbnb style rentals On the back of a booming tourism industry, the expansion of Airbnb throughout New Zealand in recent years has been prolific. The combination of being able to derive great returns while maintaining control and flexibility of your property has seen a boom of properties listed on Airbnb and similar…

How to attract top talent

Changing work arrangements during COVID-19

Employers and employees must discuss in good faith the implications of COVID-19 on their working arrangements. Employers and employees may be considering changes to things like hours or job descriptions. Where changes to current working arrangements are proposed by an employer, there are specific good faith requirements that must be followed. Any changes made need…

Finding Money Within Your Business

Finding Money Within Your Business

Most small businesses experience cash flow problems from time to time and urgently need working capital. Many business owners immediately think of the bank or loans when they’re short of money. But there are other resources you can tap before you ask for that expensive overdraft or overdraft extension. The money you need might already…

4 Tips for Getting Your Business Through Tough Times

4 Tips for Getting Your Business Through Tough Times

If you’re a small business owner whose company hasn’t gone through hard times, that’s great but it’s likely to happen at some point. As much as we dream about being brilliant enough at business that we’ll never face slow times, there are many things beyond our control that can negatively affect our business. It’s highly…

31 March Tax Planning Guide

31 March Tax Planning Guide

With 31 March approaching, now is the ideal time to consider tax issues and, where available, planning opportunities. Key matters are outlined below. □ Bad Debts To claim a tax deduction, the debt must be: o Bad; and o Physically written off on or before balance date. The above rules mean you must be able…