Our Articles

May 21, 2015
Budget 2015 delivers careful management of public spending, hand in hand with investment in public services.(All figures for four years to 2018/19 unless otherwise stated).Looking ahead to the results of responsible economic management Economic growth forecast to average 2.8 per cent over the…
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May 5, 2015
eDocuments are here…IRD have started making their statements and notices available electronically in your myIR Secure Online Services account. IRD call them eDocuments.You don't need to subscribe to the eDocuments service. IRD will email you when a new eDocument is available in your myIR…
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May 5, 2015
Hannah McQueen , the founder of enableMe, was approached by the television programme Fair Go a few months ago to see if they could film a couple going through the enableMe program.The Masons are a couple who work hard but felt they were not getting ahead. Hannah identified there was a lot of money…
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May 5, 2015
We have had a few changes to our team recently.We are pleased to welcome back JingJing Pan to the City Office after her maternity leave.  JingJing is currently working mornings till 1pm but will be full time in a couple of months.Jaymesh Magan (who was covering for JingJing during her…
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May 5, 2015
A lot of us have bought a fire extinguisher but hope we never have to use it. If we do have a fire we want the extinguisher to be easy to use and too work!!When purchasing a fire extinguisher it is important to research which model / type is best for you and be confident it will work. You will…
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April 28, 2015
From 1 July 2015 annual returns filed for New Zealand companies will have to meet new compliance obligations set out in the Companies Amendment Act 2014.This means that you will have to provide some additional information consisting of: the date and place of birth of every director (these will…
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May 5, 2015
You might have been asked by a friend or family member to be an independent trustee of a Trust. You may also have been appointed as an executor of someone’s estate, which will often also make you a trustee of the estate assets.Trustees have strict duties to the beneficiaries of the Trust. Most…
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May 5, 2015
Plenty – that’s what!When most people think of estate planning they think of a trip to their solicitor. However, there is so much more to estate planning than simply writing a Will. The fact that you need a Will in the first place is all about your money and assets and how you wish to share them…
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May 5, 2015
In the popular TV program MasterChef, contestants face a series of cooking challenges. From low quality ingredients to inadequate preparation to poor implementation, so many things can, and do, go wrong. It's a bit like investing.In the world of investment, there customarily are two broad…
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March 24, 2015
The 31 March 2014 year-end fast approaching and this is an appropriate time to consider some long-term tax planning initiatives and undertake some short-term measures to minimise tax for the current year.THINGS TO DO:Review doubtful debts and write off any bad debts prior to balance date. Bad debts…
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March 24, 2015
The Law Commission feels a new framework is needed to provide a clear and robust approach for trusts in the 21st Century. They are undertaking a three part review of trust law in New Zealand and presented the first report to Parliament on 11 September 2013. The Law Commission report focuses on…
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March 24, 2015
This update will outline some of them - I want to focus on some specific issues. Not all issues are referred to in this update - For example, there are provisions in the legislation dealing with unsubstantiated representations, unsolicited goods/services, lay by sales, internet traders and shill…
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February 25, 2015
An inspiring question can be thought of as an ambitious, but actionable question that can influence the way we think about something and can motivate us to bring about that change.Many of the people who have engineered impressive change in the world spent a lot of their time pursuing big questions.…
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February 25, 2015
From time to time, issues arise with employees in workplaces that cause employers concern. These issues are many and varied but can include concerns about possible employee misconduct. These events can trigger an employment process, involving an investigation and the need to meet with the employee.…
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February 25, 2015
In a case last year, an employee who had wanted extended leave and when refused, produced a suspicious medical certificate, was held to have been unjustifiably dismissed.There were two reasons why the dismissal was unjustified. First, the employer did not raise its suspicions with the employee…
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February 25, 2015
If you have a student loan and you receive income from salary or wages, NZ Super, a Veteran's Pension, student allowance or income-tested benefit, there are things you need to know to ensure you pay the right amount towards your student loan.If you work for salary or wages: You need to use a tax…
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February 25, 2015
For most business owners a substantial amount of their wealth is tied up in their business. All business owners have a "plan" for exiting. For a lot of people there is no formal plan rather a default plan that will be actioned as a result of triggers.What are some of the triggers to a forced…
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February 25, 2015
Debt can be a useful tool to start and grow your business, but small business owners need to make sure their debt is working for, and not against them.When a substantial amount of expenditure goes towards servicing debt rather than investing in the business, small businesses struggle to grow and can…
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February 25, 2015
When a company is in financial difficulty, it might enter voluntary administration, receivership or liquidation. There are important differences between these processes, as outlined below.Voluntary administration Under Part 15A of the Companies Act 1993 ('the Act'), an administrator may be…
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February 25, 2015
Leaving aside collective agreements, the main changes, briefly summarised, are that:* employers will have more flexibility in relation to meal and rest breaks where this is reasonable;* amongst other things, the rules relating to restructure and "vulnerable employees" (who include amongst others…
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