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IRD & TaxWhy sisters are better than parents: How to avoid the dreaded locked-in capital gain
New Zealand has an overwhelming fascination with using Holding Company structures in business. The Holding Company may be entirely passive or may undertake management services for its subsidiaries. Each subsidiary is likely to operate separate businesses or projects, which is particularly prevalent in the building, construction, infrastructure and IP industry segments but extends to almost […]
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Don’t settle for an average company culture
This is a topic I am incredibly passionate about, and you should be, too. Everyone knows intuitively that if you have a great culture, great things happen. But most companies don’t have any culture, or at least it’s average. Or worse, it’s toxic. And it comes from the owners, managers, or average leaders who aren’t […]
A life-long journey of time management
Tick, tick, tick, tick…does this remind you anything? Time. It continually ticks, running eternally without pause. It is the most precious and finite resource. It accompanies us throughout our journey from the moment of birth to the golden years of retirement. Each different life stage presents its own challenges, opportunities, and demands on our time, […]
Tax Updates: 5 February 2024
Welcome to this week’s review of tax issues where Richard comments on what’s been happening in the world of tax over the past week. If you have a question or would like a second opinion on any national or international tax issues, please contact Richard via email at richard@gilshep.co.nz. New IS on taxation of trusts released It may […]
Tax Updates: 12 February 2024
Welcome to this week’s review of tax issues where Richard comments on what’s been happening in the world of tax over the past week. If you have a question or would like a second opinion on any national or international tax issues, please contact Richard via email at richard@gilshep.co.nz. Charities business income exemption IS Inland Revenue (IR) has […]
To know where you are going, you must have a vision.
We’ve all planned holidays at some point in our lives. We envision what it will look like and anticipate how it will feel. That vision gives us something to look forward to and an incentive to do what we need to get there. In a business context, the vision is where you want to be, […]