The Institute of Directors NZ (IoD) has a handbook: "The four pillars of governance best practice for NZ directors". It's full of content. But where is the payback for the extra layer of compliance called Governance?
Expect big changes around claiming a tax deduction for a yacht, plane, launch, apartment, or bach! IRD have changed the rules. More hoops to jump through. More compliance.
According to a new IRD policy statement the IRD has the power to fully and freely access places for the purpose of collecting tax. Wow!
Great article by Leon Gettler about the accounting industry having a bit of a mid-life crisis. Gettler predicts, and I completely agree, tomorrow’s accounting firm will go back to its roots in management accounting.
Where would you like your business to be in 3 years? A great question. A simple enough question. The infinitely more difficult question is "HOW". How to get the business to that point?
Colin Dunn, Brisbane based author and business advisor, has strong opinions around the power of planning. He believes business owners fail to plan because they get too busy.
Extract from Budget 2013. No intention of introducing a capital gains tax. But watch this space.
Did you spot the ominous warning hidden in Bill's Budget 2013? Great to see a balanced budget but there is a downside for any business owner
Some tax breaks. Property dealers beware (again)! Students going overseas get your tax affairs sorted.