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Have you made a Will and is it current?

Have you made a Will? Is it current? Every Kiwi should have a Will if they have more than $15,000 worth of assets. Have you an Enduring Power of Attorney (EPA) for your property? For your personal care and welfare? This enables a named person to look after your affairs if you can’t. Memorandum of Wishes (MOW) - this is essentially a private document that the settlor can advise trustees of their wishes for the trust fund following the settlors death. This is very separate to a pers...

Client Gift Expenses and their Tax Deductibility

Questions around gifts often come up when you want to celebrate special milestones in your relationships with valued customers. Or at Christmas time when you are planning events, thinking about ways to say thanks and spread some festive cheer with clients....

What’s the difference between employees and contractors?

Does your business use both employees and contractors? It's important to distinguish between them as they are paid and taxed differently....

NZ Road Transport Price Hike

Costs for NZ road transport businesses have risen almost four times higher than inflation in the last quarter, according to the latest Grant Thornton Cost Index....

Beware of cyber scams

Digital tools can help your business become more efficient, save time, and win new customers, but there are also dangers to watch out for. Cyber-attacks and con artists could target any small business in New Zealand.Here are the latest risks:...

GST Invoicing changes are coming!

On 30 August 2022, the IRD have changed their interest rates on overpaid (credit interest) and underpaid (debit interest). This is often called “use of money interest’ or UOMI. Rates are reviewed regularly to ensure they align with market interest rates.Current rates are now:Debit interest 7.96%Credit interest 1.22%...