August 31, 2018
When dealing with a company that has several directors, there’s a misconception that a single director can bind the company. Generally, it can’t be assumed that one of several directors can bind the company. That means that when a party wants to contract with a company, they should have the contract… Read full post »
August 31, 2018
The biggest tax change in 20 yearsInland Revenue (IR) expects that next year, about 750,000 tax refunds will be automatically generated for wage and salary earners who don’t usually apply to get their tax back.Speaking to the Finance and Expenditure Select Committee (last Wednesday), Inland Revenue… Read full post »
August 31, 2018
The time is now for New Zealand employers to get ready to shift to payday filing.From April 1 2019 all employers will have to file their employment information every payday. Inland Revenue customer segment lead Richard Owen says the easiest way to comply is through payroll software.“The first… Read full post »
August 31, 2018
The importance of disclosure When it comes to taking out new insurance or updating your current cover, it's best to tell the insurer everything. Insurance companies issue cover based on the answers you provide, and they could cancel your cover if they discover issues that were not disclosed to them… Read full post »
July 25, 2018
Australia, earth's driest continent, experienced national rainfall in 2017 that was 8% above the historical average. The year was the 30th wettest on record, according to the local Bureau of Meteorology. But the story is more complicated than that.While rainfall on a national basis was much higher… Read full post »
July 25, 2018
Historically, cross-leases were a popular form of dividing land for landowners. This is because owners could avoid certain subdivision restrictions and would gain similar results to a formal subdivision under the existing Act, but at a fraction of the price. However, when the Resource… Read full post »
July 25, 2018
Some traders are still losing out big time due to their ignorance or disregard of the PPSA. Despite the fact that the Personal Property Securities Act (PPSA) 1999 is close to being 20 years old, there seem to be more than just a few traders out there who are unaware of the PPSA or who choose to… Read full post »
July 25, 2018
The current minimum wage rates (before tax) are as at 1 April 2018 and apply to employees aged 16 years or over: Type Per hour 8 hour day 40 hour week 80 hour fortnight Adult $16.50 $132.00 $660.00… Read full post »
July 25, 2018
Best Start is a new weekly payment of $60 per child, available to eligible parents who have a baby born on or after 1 July 2018 (or babies who were due on or after 1 July 2018 but were born earlier).Everyone who is eligible will receive $60 a week until the baby turns one, no matter what the… Read full post »
July 25, 2018
From 10 July 2018, Xero Expenses are available to all new and existing standard and premium plan customers within New Zealand. This new tool takes a modern, mobile-first approach – giving accounting and bookkeeping advisors powerful visibility into how money is spent in their clients’ businesses,… Read full post »
July 25, 2018
New Zealand banks are set to freeze thousands of accounts for people who have yet to respond to requests to confirm whether they are foreign taxpayers. Under new legislation, financial institutions must find out whether their customers are tax residents of other countries and report the details… Read full post »
July 24, 2018
Managing Directors Lance Strawbridge and Darren Mckay had a vision. Equipped with 30 years of knowledge and building experience, passion and drive the vision was to build, renovate and enhance family home living and making lives style. Alongside them are Karen Strawbridge and Ngahuia Tahi an…
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June 29, 2018
For investors, it can be easy to feel overwhelmed by the relentless stream of news about markets. Being bombarded with data and headlines presented as impactful to your financial well-being can evoke strong emotional responses from even the most experienced investors. Headlines from the “lost… Read full post »
June 29, 2018
If you are considering purchasing land with the intention of subdividing or if you are simply looking to increase the value of your existing property by adding an additional house, there are a couple of things that you will need to understand before taking the leap, so to speak. A subdivision… Read full post »
June 29, 2018
I've just recently given a seminar (to lawyers) for the Auckland District Law Society on Tailoring Constitutions for Small Businesses. The focus was on clauses or issues that might be relevant to companies’ constitutions if there’s no shareholders agreement but I also discussed some aspects of… Read full post »
June 29, 2018
New measures to ensure multinational companies pay their fair share of tax will come into force next week. The Taxation (Neutralising Base Erosion and Profit Shifting) Bill tonight passed its third reading in Parliament. Revenue Minister Stuart Nash says it takes effect from 1 July and will… Read full post »
June 29, 2018
It’s important everyone pays the right amount of tax. That’s why the New Zealand Government has signed up to the Automatic Exchange of Information (AEOI) - an international initiative to combat global tax evasion. We’re one of over 100 countries who’ve committed to share information about foreign… Read full post »
June 29, 2018
Two employees employed by the Ministry of Primary Industries (MPI) got into a fight at a bar in Courtney Place, Wellington. One employee was dismissed, the other employee received a written warning. The employee that was dismissed (Mr Smith) challenged his dismissal on the basis that he had been… Read full post »
June 29, 2018
How Cover Plus Extra worked for Kathy Understanding the difference between ACC and ACC Cover Plus Extra can make a massive difference when it comes to claiming ACC and how much you will get and how quickly you get it. ACTUAL CASE: PROFESSIONAL FEMALE : AGE 57 Kathy is a professional counsellor… Read full post »
June 29, 2018
If you provide certain financial services as a part of doing business, you have to safeguard yourself against money laundering and financing terrorism. This might include changing how you ID customers. This law change applies to real estate agents, conveyancers, many lawyers and accountants, and… Read full post »