New Trust legislation in New Zealand comes into effect from 30 January 2021. The changes and new obligations are significant. Trusts in New Zealand are estimated to number between 300,000 and 500,000, the equivalent of one trust for every 6% to 10% of New Zealanders, so the overhaul of the …
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Xerocon 2019
by Tony Richardson. I attended the recent Xero conference in Brisbane recently. This was massive with 3,500 attendees and too large to host in NZ. Xero started with Rod Drury asking Hamish Edwards, his accountant, why he could not get immediate information from the accounting system, rather …
We Live in a New World
by Tony Richardson. The world has changed. Economists, central banks and politicians do not know what to do. The conventional remedies of printing more money and dropping interest rates have failed to generate economic growth. All that has happened is asset prices [property and share market …
The Advantages of Forecasting
Financial forecasts assist in managing your finances. They are future predictions of your business finances, as compared to statements, which provide details of actual results of progress. The following are five ways forecasting can help your business: Focus on the Future By forecasting on …
PIE & PIR – Your KiwiSaver
There has been extensive publicity about the ‘’fall-out’’ from IRD’s recent upgrade to its systems. Somewhere between 450,000 and 550,000 Kiwis are having their PIE KiwiSaver (and other) investments taxed at the wrong rate. Bills for extra tax will be coming! Could this be you? Most do not …
