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26 Feb 19

9 Questions to Ask A Small Business Accountant

This article will discuss the difference between bookkeepers, chartered accountants and small business accountants and how to recognise when you need one. It will also suggest nine questions you should ask them when you’re interviewing them. Do you want to run your business properly but small business accounting scares the living daylights out of you? […]

19 Feb 19

Independent Directors – A Valuable Addition To Any Company

In my experience, the majority of small business owners presume that only big companies use independent directors. However, independent non-executive directors can add a great deal of benefit to businesses of all shapes and sizes. Owner-managed businesses are often opposed to engaging outside directors or consultants. I’m sure this is partly due to our Kiwi […]

05 Feb 19

3 Steps to Avoid Business Failure

Is your revenue rapidly declining? Do you have less customers than last year? Do you struggle to pay vendors on time? Do you want to avoid business failure? If so, it’s time to determine why and make a firm commitment to fixing your problems. You maybe already know that you’ve got only weeks or, at […]

29 Jan 19

Is it Time For Your Business To Diet?

II haven’t met a business owner yet who wants their business to spend more than they have to. Putting your business on a diet (also known as eliminating unwanted expenses) is a sure fire way to increase your profit. Implementing cost-containment measures will bring both immediate financial benefits and also help you stay competitive. Let’s […]

15 Jan 19

The Perils of Doing Your Own Accounts

Do you prepare your own tax returns? Are you a do-it-yourself (DIY) bookkeeper? To save money, you may have chosen to prepare your own financial statements and tax returns. But in doing so, it could cost you more than you imagined. The Inland Revenue Department (IRD) pays much closer attention to anyone who has […]

08 Jan 19

7 Tips on How to Start a Business In New Zealand

If you want to know how to start a business, this article will certainly help. The World Bank recently ranked New Zealand as the easiest place in the world to start a new business. It also ranked us in top spot, compared to 189 others, for ease of doing business. Have you decided to start […]

18 Dec 18

4 warning signs it’s time to swap accountants

How happy are you with your current accountant? Are you confident they know you and your business? Is it easy to contact them and do they overwhelm you with jargon? Choosing the right accountant for you and your business is a key decision. Choosing the wrong one could spell disaster. They should be competent enough […]

11 Dec 18

Tax Implications on Short-Term Accommodation Rentals

The rapid increase in internet holiday bookings using sites like Book-a-Bach and Airbnb, offers fast and viable opportunities to make some additional cash. Renting out your spare room or holiday bach has never been easier. These websites have significantly changed the accommodation. Much of the pain and time-consuming administration associated with advertising properties, screening potential […]

04 Dec 18

How to Prepare Your Business for Christmas

Christmas is less than a month away. In this article, Mark Gwilliam shares some practical advice to help you prepare your business for the festive and summer holiday breaks. “Twas the Friday before Christmas. The photocopier has stopped humming and the ‘phones have stopped ringing. Staff have left to spend Christmas with loved ones. We’ve […]

09/11/2018
Mark
Accounting and Tax, Asset Protection & Estate Planning, Rental Properties
Comments: 37

This article discusses how the proposed legislation to “ring-fence” residential rental losses could negatively affect residential property investors. The current governments is committed to pursue it pre-election promise to “ring-fence” rental losses. It apportions blame for the housing price inflation squarely on residential property investors and speculators. Its policy ignores the true cause of house […]