Unfortunately, IRD are under no obligation to remit any charges or penalties due to “human error” on your part so please ensure that all details are correct before making a payment.
A nice article about our client MSugar in the Autumn issue of GETBA’s Focus magazine. Thanks for the mention Jay.
As a business owner, there are no shortage of advisers who tell you what outcomes you need before selling your business. Unlike the others, Monteck Carter shows you how to do it! This is the 6th event in the Preparing Your Business For Sale Expert Seminar Series on the 11 August… And it’s the practical one. You must not miss this. Buy your tickets now.
“The KiwiSaver scheme has been successful in attracting 2.5 million members. It also has considerable costs, with the Government spending over $850 million this year on two subsidies – the annual subsidy of up to $521, and the $1,000 kick-start payment for new members. To reduce this cost, the Government has decided to remove the kick-start payment, which has cost taxpayers a total of $2.5 billion since the scheme began.
This change is effective immediately, but I want to stress that it does not affect existing KiwiSaver members in any way.
The other incentives in the scheme – matching employer contributions and the annual government subsidy – will remain as they are. These incentives also provide a strong reason to join KiwiSaver. Removing the kick-start payment for future enrolments will save over $500 million over the next four years, with little or no effect on the number of people expected to join the scheme.”
Selling your business can be a once-in-a-lifetime experience and everyone wants to get the best price. No business is “ready for sale” overnight – it takes time, planning and careful management. I know because I regularly advise clients on preparing their business for sale.
Monteck Carter knows a lot of “baby boomer” business owners are already working on planning their own retirement. Some won’t actually get to retirement age for ten years but having a large number of firms come up for sale at the same time will mean prices get depressed. That’s the downside of the ‘boom’ in people all the same age born after the War.
New Zealand’s laws require people and organisations to pay tax. The IRD collect taxes on behalf of the Government, who use the money to benefit everyone here in New Zealand. If people don’t pay their fair share, everyone misses out. There has been a lot of negative publicity recently about “tax avoidance” and the public sees businesses who don’t pay their fair share as bad citizens.
“In the next decade 69 per cent of private businesses in NZ will be sold by their ageing owners. To maximise the selling price to a third party the business owner needed to present a compelling vision of