Mark

  • Home
  • Author: Mark
  • Page 4

The Successful Entrepreneur’s Mind-set

Following on from last week’s article about adopting an Olympian’s mind-set in business, we should consider a similar correlation with how to become a successful entrepreneur. With the right mind-set, anyone can become a successful entrepreneur.  The question is:  Do you have one? What makes a successful entrepreneur?  Let’s start with a simple definition for […]
Read More

Essential tax implications of employee and contractor agreements

The IRD’s recently updated guidelines on determining employment status for tax purposes serves as a timely reminder that establishing your tax status is essential.  Are you an employee or contractor?  Let’s discuss this in more detail.  If you’re engaged to carry out work, your employment arrangement may have significant implications for tax purposes.  It’s essential […]
Read More

Will you run the gauntlet with the IRD?

Bill English announced in his recent Budget that he was giving the IRD an extra $78.4m over the next four years to fund increased audit activity.  This is likely to have disastrous consequences for those small business owners who keep poor accounting records and have prayed they have stayed “under-the-radar”. The IRD has begun to […]
Read More

Terminal Tax Due Dates

We receive a number of queries at this time of year from people trying to understand the due date for their terminal tax. The majority of income tax payers in New Zealand have a standard balance date of 31 March, which means that their terminal tax is due by: *  February 7 2012 if their […]
Read More

You And Your Business Idea

One age-old question has puzzled many entrepreneurs to this very day – “what does it take for my business to succeed?” Many budding entrepreneurs, with aspirations of succeeding, dive headfirst into their new business venture. Some triumph; others fail.  With so much uncertainty in the current economy, many hopeful entrepreneurs may have to toil hard […]
Read More