The Act makes a number of key changes:- Disclosure Obligations The most important change closes a loophole that previously allowed Trustees to name someone as a beneficiary without notifying them, meaning many beneficiaries could be unaware they were not receiving trust distributions they were …
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Plan now for succession
... the three categories of succession There are many benefits to being a small business owner such as being your own boss, leading a team and the ability to give back to your community. A well-funded retirement account, though, is not one of these many benefits. Most of us believe that, when the …
Hubdoc – why we love it
At Capital Accounting we have been using Hubdoc and are absolutely sold on it. Xero’s newest data capture app extracts the details of payable invoices automatically and serves as a storage platform for all your financial documents. We really want you to know more about Hubdoc. It was greatly …
Inland Revenue no longer to accept cheques
Here is a summary of payment options that will apply from 1 March 2020 when IR ceases accepting cheques:- • myIR: You can pay by direct debit and make debit card and credit card payments securely through myIR online services. Visit website (ird.govt.nz) and login or register for myIR. • …
The NZ Trust Shake Up
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 …
