Labour’s housing policy

The Labour party has recently released an overview of its new housing policy designed to tackle New Zealand’s housing “crisis”. Labour are of the view that property “speculators” are driving house prices out of reach of first home buyers and have proposed new measures to resolve the issue. There is currently a lack of detail around how exactly the new measures will apply, but based on the details available, they could have an impact should Labour be successful in next year’s election.

 

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Winding up a company

Recently, there has been an increased level of sophistication on the part of Inland Revenue (IRD) when reviewing company windups. Important points to bear in mind when winding up a company are outlined below. 

 

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Cloud programs help you keep up

Keeping up with technology has always been an issue for small businesses.

 

As a rule, it’s worth having the latest and the best you can realistically afford. This ensures you are at least level, and possibly ahead, of your opposition and your clients who expect you to be keeping up. 

 

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Understand your term investments

When you invest money on a term deposit, you’ll find a perplexing number of options, which are hard to assess. 

 

A client put $100,000 on a term investment for five years with interest at 6% payable at the end of each quarter. A few months later, another $100,000 was invested, also at 6%, but payable at maturity. The first yielded $27,887.52 interest after tax and the second only $24,750.

 

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The Dominion Post reports…

New health and safety legislation has forced Sir Peter Jackson to resign as a director of Weta Workshop, The DominionPost has reported. The article says directors can be personally responsible for the health and safety of their staff. This can be an untenable situation. Look carefully at your directorships and assess the risks.  Many small companies have husband and wife as directors. Maybe there is a case for having only one.

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New tax rules coming

From 1 April 2017 there are going to be a number of significant tax changes. Proposals include the following:

 

Use of Money Interest (UOMI)

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Time to Sell?

We are all going to exit our business one day.

 

An exit plan is as important as a business plan. Ideally your business will be saleable shape all the time so that if the unexpected happens you still maximise the price you receive – a just reward for your years of love and labour in your company.

 

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Slammed for Gross Carelessness

A self-proclaimed tax agent has been found by the Taxation Review Authority (TRA) to have taken an unacceptable tax position and demonstrated a high level of disregard for the consequences of claiming GST refunds over a two and a half year period.

 

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