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TaxTalk Newsletter Dec 14 / Jan 15
Be Different Be Better - S had a house built for him. The builder engaged painters who did such a poor job the paint started peeling off the outside of the house after about three years. S sued the painter successfully.Meanwhile, he sought contractors to strip the paint off the outside of the house and start again. He chose his painting ...
TaxTalk Newsletter Oct / Nov 14
Crowd Funding - What is crowd funding? Crowd funding is about obtaining funds in small amounts from a large number of individuals to finance a new business venture or invest in an existing business.A business can raise up to $2 million through crowd funding each year without having to issue a prospectus or an investment statement. It can be an excellent way to ...
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 ...