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Chartered Accountants

Trusted advisers of all tax compliance and annual accounting issues facing both individuals and small businesses.

Make the most out of your LinkedIn profile

Posted on Oct 24, 2014 by editor

LinkedIn is usually the most important social media platform for B2B marketing and can also be a valuable way to recruit and network. It is also a great educational resource, and you can learn a lot from interacting with other business owners. Like all social media sites, LinkedIn is a pretty crowded platform, so putting in a little extra effort to stand out can go a long way. Here are some tips for making the most out of LinkedIn: -Get your photo right: You profile picture should be current, high-definition, and representative of your business persona. You should not use […]

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A guide to confidentiality agreements

Posted on Oct 24, 2014 by editor

Confidentiality agreements, also known as non-disclosure agreements, are an important legal consideration for many business owners at some point in their career. A non-disclosure agreement is a binding legal document that prevents individuals or institutions from revealing information that is not yet public. Confidentiality agreements can be extremely important during product development as they ensure that your competitors will not become aware of your work. There are two types of confidentiality agreements: mutual and unilateral. In a mutual confidentiality agreement, both parties receive information and agree no to disclose it. This would typically occur in the case of a collaborative […]

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New Zealand tax system ranked second best internationally

Posted on Oct 15, 2014 by editor

A survey ranking the competitiveness of tax systems in the developed world has ranked New Zealand’s the second best, coming second to Estonia. The International Tax Competitiveness Index, conducted by US thinktank the Tax Institute, assesses the tax system in 34 countries. New Zealand’s high ranking can be attributed to our relatively low tax rates, streamlined tax system and reliance upon the value-based GST. Additionally, New Zealand does not have a capital gains tax, payroll tax or inheritance tax. A competitive tax system has numerous advantages including transnational companies increasingly relocating business to New Zealand, reducing the number of jobs […]

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Australia’s superannuation system ranked world’s second best

Posted on Oct 13, 2014 by editor

The Mercer Global Pension Index, a comprehensive annual report that rates the quality of international retirement schemes, has placed Australia’s superannuation system as the world’s second best. Denmark was ranked number one, with the Netherlands, Finland and Switzerland rounding out the top five. Australia, Canada, Chile and Singapore were the only non-European states to make the top ten. Representatives from groups representing the interests of Australian retirees have expressed surprise at the finding, pointing out that the full pension rate currently sits close to the poverty line. Australia’s position improved thanks to the recent superannuation guarantee increase from 9.25%-9.5%. Industry […]

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ATO amnesty offer reveals over 1000 offshore tax evaders

Posted on Oct 13, 2014 by editor

As part of their project DO IT, the ATO have successfully uncovered over $550 worth of assets that Australians hold offshore. The tax office is offering a period of amnesty that allows them to come forward and reveal offshore assets without the risk of heavy penalties. The ATO will only assess four years of income for those who come forward and this will be subject to a maximum shortfall penalty of 10%. The ATO is also guaranteeing that there will be no prosecutions. However, for taxpayers who do not reveal their offshore holdings before the mid-December deadline there may be […]

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The tricky business of cold calling

Posted on Oct 13, 2014 by editor

Nobody likes cold calls. Nobody likes receiving them, and nobody likes making them. If this is the case, then why on earth do businesses continue to make them? The strange truth is that cold calls work. Despite everyone’s moaning and groaning, if the right sales call reaches the right person at the right time – they will probably take it. Cold calling can be especially valuable if your business needs to drum interest in a new product or service. Here are some tips for making effective cold calls: Believe in your business: Don’t make cold sales calls if you don’t […]

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Dispute resolution

Posted on Oct 13, 2014 by editor

Dispute resolution If you are a business owner or manager, disputes are more than likely a regular occurrence. Customers, employees, suppliers and tradespeople are all common examples of parties you might have a dispute with. Dealing with these issues in a professional and sensible manner will help you to achieve the best outcomes for your business. Here are some guidelines for effective business dispute resolution: Don’t let it get personal: As soon as a dispute crosses over into personal territory, it becomes significantly harder to resolve. If the other party is attempting to place a personal spin on things, take […]

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Latest news

Business tax bill is now law

Posted on April 12, 2017 by BDS Hughes

The Taxation (Business Tax, Exchange of information, and Remedial Matters) Act 2017 received Royal assent on 21 February 2017. The new legislation focuses on changes to business taxation to make tax simpler. From 1 April 2017, the threshold for self-correction of errors under section 113A of the Tax Administration Act 1994 has increased from $500 to $1000; the use-of-money interest will be reduced or removed for the vast majority of business taxpayers; and most RWT exemption certificates can now be issued for more than one year. For the 2017-18 and later income years: The 63-day rule for employee remuneration has […]

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