At regular intervals over the last three years I have had an excited bank manager contact clients urging us to grab the latest fixed rate sensation. If the bank manager is right, this time, here are 3 action points to note.
Many business commentators have referred to New Zealand as being a "world leader" in terms of the number of trusts, and having an estimated 400,000 in existence the argument is quite strong. But is a Trust right for you ... read on
There are a few potholes in running a trust ...what are they?
What are your obligations as a trustee? Do you know what your core duties are by being a trustee?
The IRD regularly use data matching to check your income tax return against data held online at the Companies Office. The IRD know people take shortcuts so eventually IRD data matching will strike tax gold. To avoid problems follow three simple rules.
Apparently there are around 400,000 trusts in NZ. Over the next few years the value of those trusts will be under the microscope because the regulators are about to increase the cost of using a trust. Read on for why and what to do about it.
Regulators are putting Trusts under the microscope. Will your trust stand up to the scrutiny without costing you an arm and a leg?
Mmmmm ......... for the record our blog is not advice. Our aim is to provide a quick heads up, so to speak, around what is topical. Logically you should seek advice before acting in reliance on any information posted on our blog. If you want to know more just give us a call.
Nearly every business or individual leaves an electronic trail or footprint going back years. Increasing that electronic trail is available to a third party via the internet, to monitor or check. A variation of this electronic monitoring is something called data matching, and it is much closer to home than you may realise.
A Guest post from Catie Cotcher - General Manager, Reckon NZ supplier of the QuickBooks range of business software. Technology developments in the online space have been moving rapidly. For businesses of all sizes, hosted applications are becoming increasingly attractive, because they offer greater flexibility, work across operating systems and can help reduce costs.