Depending on the election outcome, after 20 September 2014 New Zealand may join other developed countries and introduce a ‘capital gains tax’ (CGT). CGT is on the agenda of several political parties. Where the general left/right divide sees National, ACT, the Conservatives and United Future against introducing a CGT, the other side sees Labour, the […]
Capital gains tax – ready or not here I come…maybe Read More »
Although the tax rules around the private use of motor vehicles have been stable for some years now, other variables can change, such as a person’s circumstances. This makes it worthwhile to regularly revisit how vehicles are accounted for to make sure the most efficient outcome is being achieved. Most small businesses operate through companies
Motor vehicle options Read More »
The paid parental leave (PPL) weekly maximum entitlement rate increased from $488.17 to $504.10 (before tax) from 1 July 2014. This rate applies to employees and self-employed workers who are entitled to receive the maximum PPL rate. IRD have updated the following publications with the new rates: PPL application for an employee (IR880) PPL transfer
Paid parental leave maximum entitlement rate increases Read More »
Election day workers are people employed on a casual basis by the electoral office immediately before, on, or after polling day. They are taxed through the PAYE system at a flat rate of 17.50 cents in the dollar (plus ACC earner’s levy – currently 1.45%). These employees will need to complete a Tax code declaration
Election Day Workers Read More »
Irrespective of the stage of a business’s life cycle, managing working capital is extremely important. During the growth phase, many businesses have failed due to growing too rapidly, and not having the corresponding cashflow to keep up with the expanding needs of the business. Meanwhile, mature businesses need to maintain sufficient working capital to ensure
Managing Working Capital Read More »
A ‘difficult person’ might oppose ideas, be irritating, appear negative or simply not like other people. When it comes to communicating and working with a person who is particularly difficult, we often resort to one of three assumptions: the person is ignorant the person is stupid the person is evil and simply trying to be
Working with Difficult People Read More »
Hi all, Well it’s been a busy start to the financial year for us here at Hughson & Associates with a number of you handing in the required information very promptly. Thank you for this. I trust you all had an enjoyable Easter and ANZAC weekend(s) and made the most of the days off. Some
Subject Line Don’t underestimate the importance of a clear and concise subject line. This may mean the difference between your email being treated as spam, deleted or designated low priority. Including a clear subject line can also help the recipient find your email in future. Sign on/off Remember that an email is effectively a letter.
With being a farmer you are no doubt enjoying the increased pay-outs, that are long deserved! With this being a good season so far, it provides you the opportunity to potentially pay down debt, which no doubt was largely been attributed from previous tough seasons and now you can enjoy reaping the rewards. As stated
Good news for Farmers – however beware! Read More »
For many businesses, 31 March is an important date because it is the end of their financial year, and it is the last day their accountant has to file their prior year’s tax return. To make the year end process as smooth as possible (at least from a tax perspective), a few “to dos”, along
