Our Articles

May 29, 2018
Human beings love stories. But this innate tendency can lead us to imagine connections between events where none really exist. For financial journalists, this is a virtual job requirement. For investors, it can be a disaster. “The New Zealand dollar rose today after Westpac Bank dropped its…
Read full post »
May 29, 2018
Alternative Dispute Resolution (“ADR”) methods are an alternative option to going directly to court. Using ADR methods instead of pursuing the matter in court is commonly more cost effective for the parties involved, ADR may also take less time to resolve the dispute. ADR relieves the court of cases…
Read full post »
May 29, 2018
Hats off to those who are starting their own business or have started, and are in the first few years of business.Like most of us who own our own business, we are passionate about what we do, but we would also like to improve the lives of our family and earn more than we were. It's a game changer…
Read full post »
May 29, 2018
The Government is to close a loophole that gives offshore companies an advantage by not requiring them to collect GST on all goods sold to local consumers. “Domestic businesses have long called for greater fairness in the treatment of low-value goods from offshore retailers,” says Revenue and…
Read full post »
May 29, 2018
An anonymous tip-off has led to a Hamilton tradesman being sentenced to nine months’ home detention for not paying nearly $240,000 in tax. Uelese Young Yen was sentenced on 29 charges relating to two building services companies, Myra Quality Services and Julz Property Services, in Hamilton…
Read full post »
May 28, 2018
Monkey see, monkey do. When parents behave badly with their finances, children learn by watching their parents and experimenting, not listening to hypocritical lectures.We want to set them up for success and to fly the nest financially, preferably in their 20s, not decades later. But sometimes we're…
Read full post »
May 28, 2018
For those clients on our Tax Management Service who, as a result of Income Tax Returns, have Provisional or Terminal Tax amounts to pay, we will send you tax payment reminder notices. These payment reminder notices are emailed to you using the email address we have on file for you. Please…
Read full post »
May 28, 2018
The focus for Finance Minister Robertson’s budget is on public service spending (health, education and housing) and investment in infrastructure. There are two tax-related announcements in the budget: Changes to the bloodstock rules that will allow new investors to deduct the cost of…
Read full post »
April 26, 2018
Renewed volatility in markets has awoken the media from its summertime slumber. News directors drag out dated file footage of frantic traders and summon talking head experts to explain to ‘mums and dads’ what it all means. Well, what does it mean? More importantly, does it matter? Everyone has an…
Read full post »
April 26, 2018
Anti-money laundering has recently been in the spotlight in New Zealand with the Ministry of Justice estimating that almost NZ$ 1.35 billion from fraud and illegal drugs is laundered through ordinary New Zealand businesses each year. To combat this kind of criminal activity, New Zealand’s…
Read full post »
April 26, 2018
Employment law seems to be the flavour of the month. The Employment Court has given a very important decision affirming that it is permissible to pay out a notice period in relation to a trial period. There was uncertainty about this due to another Employment Court decision. The employment…
Read full post »
April 26, 2018
The effective date for transferring a GST refund arising in periods ending on or after 1 April 2018 will now depend on when your GST return is filed. For GST returns filed: before the due date: the refund can only be transferred on the day after; thethe return was filed, orthe end of the GST…
Read full post »
April 26, 2018
From 29 March 2018 the bright-line test for residential property has been extended from 2 years to 5 years. The extended bright-line test only applies to properties for which an agreement to purchase the property was entered into on or after 29 March 2018. If an agreement to purchase a property was…
Read full post »
April 26, 2018
George Clooney plays the part of Ryan Bingham, a corporate downsizing expert, in the movie Up in the Air. Bingham loves his job because he is constantly up in the air flying from one city to another and getting paid by large corporates to tell their employees the bad news - that they have lost their…
Read full post »
April 26, 2018
ACC have recently made some changes to the way they treat ACC CoverPlus Extra, and this could have a significant impact on your policy. Policy Start Dates The start date for each new CoverPlus Extra policy will now be the date ACC receives the signed Policy Acceptance Form. The Policy Acceptance…
Read full post »
April 26, 2018
Minimum wage rates rise When: 1 April 2018 What: The adult minimum wage rate has gone up 75c to $16.50 an hour. The starting out and training rates have risen 40c to $13.20. What you need to do: If you pay your workers minimum wage rates, update your payroll and their employment agreements.…
Read full post »
March 7, 2018
With the 31 March 2018 year-end fast approaching it 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…
Read full post »
March 6, 2018
The turn of the calendar year is a popular time for making a new start – whether it is committing to a diet, starting an exercise regime or just promising to be nicer to your colleagues, friends and family. But what about financial resolutions? Ask any coach and they'll tell you the keys to…
Read full post »
March 6, 2018
The Residential Care Subsidy (“Subsidy”) is becoming increasingly topical as New Zealand’s 65+ population is projected to increase from 15% in 2016 to over 25% by 2068. The growth in this population will increase the number of Subsidy applications for financial assistance for long-term residential…
Read full post »
March 6, 2018
As an employment lawyer, I have mixed feelings about the proposed changes - some are a step backwards. Proposed Changes include: 90 day trial periods: small businesses (less than 20 employees) will be relieved that trial periods will still be possible. However, it should be noted that when…
Read full post »