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TaxTalk Newsletter Aug / Sep 14
Bribery awareness - As New Zealand enterprises (both large and small) expand into emerging economies, it's important to recognise the increased risk of bribery and corruption when securing contracts and in general business dealings. Section DB 45 of the Income Tax Act 2007 prohibits deductions for bribes in most circumstances. The following 10-point checklist may help businesses review their exposure to bribery and ...
TaxTalk Newsletter Jun / Jul 14
Start-ups in tough times can be achieved - Many of today’s successful businesses began in difficult economic times. They had to be lean, adaptable and prepared to seize opportunities when they arose. They didn't have the luxury of boom times, when mistakes could be covered up. Tough times are full of opportunities. The following is a true story about Murray, who returned to ...
TaxTalk Newsletter Apr / May 14
Minimum wage increase April 1 - Labour Minister Simon Bridges recently announced the adult minimum wage rise from $13.75 an hour to $14.25 an hour on 1 April 2014. Both the starting-out and training minimum wages have increased from $11.00 an hour to $11.40 an hour – equating to 80 per cent of the adult minimum wage. Now’s a great time to double-check ...
TaxTalk Newsletter Feb / Mar 14
Doing business in New Zealand? - With increasing global trading, it is timely to consider the perspective of an overseas investor wishing to set up and conduct business in New Zealand. Business Structure An investor should choose the structure that best suits their particular circumstances. The most common business structures being: Subsidiary of an overseas company; A branch of an overseas company; A New Zealand incorporated ...