The Government has announced its intention to provide relief to Directors who may be liable for breaching the Law at this time.
Read MoreCOVID-19 is here and the situation is likely to get worse before getting better.
Read MoreContinued squeeze on directors - Increased litigation risk and reduced protections
Read MoreIt can be tough as a small to medium-sized business owner to grow your business. You’ve got many different pressures on you every day, and wear almost every ‘hat’ in the business; spending time with customers, preparing quotes or proposals, sending out invoices, paying the bills, and of course, managing staff.
Read MoreLate last year Inland Revenue finalised its views on the taxation of telecommunication allowances/reimbursements and employer provided travel.
Read MorePreparing for the end of financial year - it's about as mundane a task as a business can perform. Or at least, the old way was.
Read MoreThe Credit Contracts Legislation Amendment Act 2019 (Act) became law on 19 December 2019. The Act amends the Credit Contracts and Consumer Finance Act 2003 (CCCFA) and introduces some significant changes which will affect all lenders providing consumer credit in New Zealand.
Read MoreGiven that the company tax rate is 28% and the top personal tax rate is 33% (on income above $70,000 per annum) there is a temptation for many small to medium business owners to leave profits in the company once their personal income is $70,000.
Read MoreThe new provisional tax rules are causing a few headaches for taxpayers and their advisers.
Read MoreThe Government has introduced the Fair Trading Amendment Bill into Parliament. This proposed legislation is the result of the Government's recent work on unfair commercial practices and the review of consumer credit law.
Read MoreThis advice is for employers looking to offer fixed-term employment to Working Holiday Visa ('WHV') holders.
Read MoreChanges to the Trade Marks Act 2002 came into effect on 13 January 2020, which will impact registered trade mark owners.
The main changes are set out in this article…
Read MoreHaving an executor of your will is like having a manager of your affairs (your estate) after your death.
Read MoreWhen it comes to the dream of owning one's own business, lifestyle has to be an essential component. Don't ignore it as you look to the future and develop your strategy.
Read MoreThere’s more to strategic planning than arranging for a select few to lock themselves away for a couple of days each year to develop a document they hope will lead their organisation to new levels of profitability. Preliminary deliberations and detailed preparation involving a range of people are required. Among the issues for your consideration during this preparatory phase are the following.
Read MoreIn this article I discuss:
1. Information sharing by financial and other institutions;
2. Inland Revenue is being more proactive;
3. Inland Revenue Raids; and
4. A brief discussion about tax avoidance and evasion.
The terms and conditions of an employee's job are set out in the written employment agreement and there must be one for every job. An employer cannot vary these without the employee's consent. This includes changing hours or pay, as these must be documented in the agreement.
Read MoreNew Zealand’s privacy law is currently undergoing a major revamp, with the 1993 Act expected to be replaced by mid-2020. Here, Dan Winfield of Duncan Cotterill discusses the three things you need to know.
Read MoreHere's what we recommend…
Read MoreThis article discusses the differences between an Agreement and a Contract, Contract and a Deed, Oral and Written Contracts and several more useful tips.
Read More