http://www.bizadvice.co.nz Practical advice for the small business Wed, 16 Jun 2010 03:25:27 +0000 http://backend.userland.com/rss092 en In the build up to last month’s budget, the government made no secret that it wanted to overhaul the tax treatment of residential property investments. In his 2010 budget, Bill English summed up the property investment aspects of his budget as an effort to introduce a fairer tax system to ensure ... http://www.bizadvice.co.nz/implications-for-residential-investment-property-owners/ Everyone knows that tax, like death, is inevitable. Are you going to take the attitude that because it is inevitable, you are going to do nothing about it? Do you really know how much you shell out in income tax and other taxes every year? Nobody is suggesting that you ... http://www.bizadvice.co.nz/the-best-way-to-save-money-on-your-tax/ A good accountant can save you money on your tax by helping you to organise your affairs properly and to take advantage of all the possible tax deductions that are available. If you are running a small business in New Zealand, you are unlikely to have the knowledge or experience ... http://www.bizadvice.co.nz/how-to-avoid-stress-and-save-money-on-your-new-zealand-taxes/ If you are running a business in New Zealand, you are liable to pay tax on profits after deducting allowable expenses from your income. Many people have an irrational fear of tax issues but if you familiarise yourself with the process and the regulations and hire a competent accountant to ... http://www.bizadvice.co.nz/your-simple-guide-to-new-zealand-tax/ Your accountant will tell you that small business enterprises are the backbone of the New Zealand economy and are the biggest employers in the country. Ninety percent of these enterprises employ less than 20 people each. This is not surprising, as New Zealanders are highly entrepreneurial and willing to give new ... http://www.bizadvice.co.nz/planning-for-success-in-your-new-zealand-business-using-your-accountant/ Expenses that are deductible for tax for investments in New Zealand property follow the general principle that the expenses should have been incurred in connection with the property.  Thus expenses of the following nature would be fully deductible for tax: - Accountancy fees for the preparation of property accounts, - Bank charges ... http://www.bizadvice.co.nz/a-guide-to-tax-deductible-expenses-for-the-new-zealand-property-investor/ You should involve the expert services of an accountant as soon as you have decided that you are going to set up a business in New Zealand. You will need to take a number of key decisions right at the beginning and your accountant can help you get these decisions right. ... http://www.bizadvice.co.nz/how-your-accountant-can-help-establish-the-right-business-structure/ Have you considered asking your accountants for help if you are a director of a New Zealand business that is in trouble? Does the thought of your personal liability in the event of reckless trading bother you? No New Zealand business is immune to the global economic downturn and this may be ... http://www.bizadvice.co.nz/safeguard-yourself-against-reckless-trading-with-the-help-of-your-accountants/ Your accountant should, at the very outset, help you to determine your investment goals in acquiring investment properties. You may be looking for high rental yields (often at the expense of capital appreciation) or for high capital appreciation (with a sacrifice in the yield). Your accountant will help you to plan ... http://www.bizadvice.co.nz/how-your-accountant-can-help-you-become-a-successful-property-investor/ High quality accountants are not generally the first thing that comes to mind when your business is in financial trouble and that’s a pity. Inevitably, your focus is on trying to resolve your cash problems and to raise enough money to stay solvent. If you can get accountants to help you ... http://www.bizadvice.co.nz/how-top-flight-accountants-can-help-businesses-navigate-financial-troubles/