Transition support payment now available

Applications for the TSP can now be made, via a businesses’ MyIR account. This one-off payment is at a higher rate than the previous RSP payments – a lump sum of $4,000 plus $400 per FTE, capped at 50 FTE employees which equates to a maximum payment of $24,000. The same 30% revenue drop criteria […]

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Tax issues for board members

IR has issued GA 21/01 which is titled “Tax on any fees paid to a member of a board, committee, panel, review group or task force.” While the commentary is targeted towards board members, I would suggest that it’s potential application equally to a person who accepts a directorship position either with the company they […]

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Richard’s October-November 2021 Tax Updates

Richard has had over 30 years’ experience with New Zealand and International taxation. His team provide services including: Q&A service for accountants Tax opinions IRD risk reviews and audits IRD arrears International tax advice Below are articles from Richard’s weekly email ‘A Week in Review’ over the last month. You can sign up for his […]

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Tax Specialist

Tax Specialist and Partner Richard Ashby leads our tax team and has over 30 years’ experience. This includes time he spent within the IRD investigations unit. This is an asset which is available to you or your firm as a resource. We can answer or reinforce your own conclusions to those everyday tax questions. We […]

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Travel Is My Sanity

After five weeks of level-four lockdown, followed by seven weeks of level-three, I was asked to write an article for our newsletter. To be honest, I couldn’t summon enough positive energy to write something encouraging or cheerful. Nor could I pretend to know more than anyone else on how to cope with the current situation. […]

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Working From Home Reimbursements

Covid has changed the landscape of our world. Our everyday living situations, from how we interact with other people, to how we run our businesses has changed in an all-encompassing way. I could write pages and pages on the changes heaped upon us, but we are aware of these things already, its almost become old […]

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Interest Deduction Limitation Rules: Update

In our June newsletter I wrote an article that ‘attempted’ to explain the Government’s proposed new interest deduction limitation rules, which were to have an effective commencement date of October 1st, 2021. In this respect, my drafting of this commentary was only a week or so post the release of the Government’s own 143-page discussion document titled […]

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The Journey From Caring To Intolerance

You might ask, “Wtf, what has triggered Bruce to rant about this topic?” It’s simple really, a minor event that no one should have even had a second thought about, as the action and reactions should have been instinctive. It’s just that the opinions were at polar opposites and resulted in a divided team. Of […]

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Start-Ups: Looking At Financial Viability

So, you have been working on a bright business idea for some time, one which could change the world, or at least some part of the world, and now it is time to make it a reality. At some point this will require financial investment, with either personal savings, or it may mean sacrificing the […]

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Planning For Seasonal Dips In Income

Seasonal dips in income can be highly challenging when you’re a small business. But there are proactive ways to predict, plan for and overcome these seasonal dips in income. The key to dealing with seasonal dips is to know when they’re most likely to occur, and to have measures in place to spread your income […]

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Safeguard Your Business With Simple Checks And Processes

Being able to trust your team is gold standard but introducing a few simple processes ensures that is much harder for someone to abuse your trust. Think about these tips to safeguard your business and keep your trusted relationships strong. Housekeeping Good systems make it easy to understand and hard to hide things. If you […]

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How To Master Your Cash Flow Management

Cash flow is critical for businesses, so cash flow management is key. Here’s how to get it under control and make it work for your business.  In business, cash is king. It’s the oxygen that keeps you afloat. Without it on hand, your business may stifle. Hence why managing your cash flow is so important. […]

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