Most of us have heard of the expression ‘Bank of Mum and Dad’ where parents help fund their children to get onto the property ladder or with another investment. What happens in the reverse 🔀 situation, where children become the ‘bank’ 🏦 and assist their parents financially 💰🪙💵 ? #Banking #Law #Family #Loan #Businessadvisory
Do you understand the residential care thresholds, and do you know what this includes? Eligibility for the government’s Residential Care Subsidy must be assessed by healthcare professionals rather than it being your own choice.
The hardest working employee on the farm is the loyal farm dog – worth their weight in gold! But how do we treat the purchase of a new farm dog? Is it an asset? livestock? Or should it be expensed? #tax #gst #livestock
Income insurance scheme is a hot topic, but is it a hot topic for the right reasons & what are the reasons behind the scheme? Let’s dive in…. #incomeinsurance #scheme #nz
Changes are afoot for domestic trusts, IRD will require any trust that derives income to disclose additional information for the 2021/2022 financial year onwards. But there are some exclusions… let’s have a look at what this means for your obligations.
There are a few public holidays in April, so let’s look at how to pay staff for this time. How an employee is paid for a public holiday depends on if they work on that day and if it is a day they would usually be working.
Petrol is a hot topic right now! With fuel prices skyrocketing, it’s worth a moment to consider if you can claim any of those dollars back.
At the end of a long hard week, the boss pulling out a chilly bin of cold beers is always going to boost team morale. Even with a strict ‘no shop talk’ policy, chewing the fat over a drink or snack provided by an employer does wonders for team building and is a long-honoured tradition for many New Zealand businesses. But what is claimable & what is not?
Are you ready for the minimum wage increase? If not, now is the time to talk with us so you are prepared for the increase that comes into effect on Friday 1st April 2022.
Are you aware that IRD are implementing changes to Child Support deductions?