An additional option for calculating provisional tax known as AIM (Accounting Income Method) is now available for small businesses that use approved software to prepare their accounts with effect from 1 AprilRead More…
The Tax Working Group has been brought together by Government to consider the future of tax and is chaired by former Finance Minister Hon Sir Michael Cullen. Yesterday, Wednesday 14 March, theRead More…
As an employer, you play an important role in helping your employees save for their retirement. Employees who start a new job and meet the criteria for automatic enrolment must be enrolled in KiwiSaver, unless you offer an approved alternative superannuation scheme or have been granted exempt employer status. Do you understand what you need to do?
As the festival draws near you might be planning a Christmas function for special clients and/or suppliers and business contacts and you may be wondering what expenses you can claim. These expenses will come under the entertainment regime for purposes of tax deductibility.
Need an accountant who understands the Engineering world? Bruce Montgomery has been an Accountant for 20 years now, although his first introduction to Accounting was actually 24 years ago when he worked part time for his father, in his practice, while he was finishing his Engineering papers. After deciding he needed a career change he began working full time with his Dad and started his studies part- time. While most of his employment has been in the public sector he also spent time in the corporate world working as the Accountant for a Freighting Company and he also gained a good understanding of how small business operates while employed in various Engineering rolls. With his engineering background, he enjoys working with the trades as well as Manufacturing and Transportation firms.
Corporate firms use sophisticated transition plans to allow staff to get promoted, to leave and to retire. Does an SME business owner have the same options?
Monteck Carter knows a lot of “baby boomer” business owners are already working on planning their own retirement. Some won’t actually get to 65 for ten years but having a large number of firms come up for sale at the same time may mean prices get depressed.
No business is “ready for sale” overnight – it takes time, planning and careful management… Let Monteck help you reach your financial goals!
When you run a business or own a company it is important to give back to the community you are in. Helping the community around you offers a huge benefit for you and for your community.
“STICK TO YOUR KNITTING“ many business people do try to do too many things, wasting time and energy on areas of their business that they could pay others to do for them. This can give them more time to either increase their chargeable hours or to work on their business and improve their bottom line.
What you should consider when you want to move from employee to self-employed contractor status.
A Shareholders’ Agreement is a contract between the shareholders of a company. Without one, you risk a dispute at some point down the track when each shareholder has a different idea of who can do what, when they can do it, how it is done, and what was agreed at the outset. You do not really need one until you need one (at which time it is too late).