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BusinessEntertainment vs networking: What can businesses claim?
For business owners, few areas of tax cause more confusion than the line between entertainment and networking expenses. Get it right, and you can legitimately reduce your tax liability. Get it wrong, and you risk an Inland Revenue (IRD) audit or missed deductions. Here is what you need to know. The fundamental rule: It’s about […]
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Passing the torch of succession
We all know that our time is finite; sudden succession is traumatic for everyone. When death and disability sneak up on you, it creates uncertainty and angst for everyone around you: customers, teams, family, shareholders, everyone. We all crave certainty, and few achieve a certainty we welcome. While sitting at the top of the business, […]
The power of position
There’s an awful lot of doom and gloom out there right now. And for pretty good reasons. The graph below caught my eye this week and probably sums up a fair chunk of what’s going on: Distribution of mortgage rates across the stock of mortgage lending This chart shows the distribution of mortgage rates paid […]
All things pass
It now seems we have a label for the condition we are facing as an economy. It is not a new label – the recession. Don’t kid yourself that this is somehow different to the last four years; it isn’t. It started in March 2020, with the Covid scare and global reaction. Now we are […]
Growing your business through networking
Full disclosure: I’m a marketer and a networker. They both work as growth strategies for your business, but I don’t think I could choose one over the other. If I networked my ass off, those I connected with would still probably check me out online, so my marketing game would need to be [...]
Tax Updates: 20 May 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 [email protected]. TCO Public Guidance Programme Inland Revenue (IR)’s Tax Council […]
