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Joshna'sThe real problem with business succession in NZ
You have built up a great business that you are ready to exit. You have even planned succession—you have identified a successor (or successors) who are as keen and passionate about the business as you have been and bring the right energy to take it to its next phase. The funding dilemma Most internal succession […]
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Why businesses are making the swap to Xero
In today’s competitive business world, effective financial management is the key to success. As a business, you often need to handle multiple tools simultaneously, such as payroll, accounting, and inventory management, which can lead to inefficiencies and errors. This is where Xero comes in. This cloud-based accounting software seamlessly integrates all essential functions, making it […]
How to prepare for annual accounts: your unshakeable frenemy
Annual accounts—a business owner’s unshakeable frenemy. No matter the size or type of your enterprise, be it a start-up, a multinational, or a charity—this task waits for you, year in, year out. These accounts are a snapshot of your business’s financial health, a tool for decision-making, and a requirement for tax compliance and stakeholder trust. […]
Everything Kiwi’s need to know about Income Tax Returns
Let’s talk about filing taxes, and before you click off, it’s worth pointing out that this could be the most money-saving five minutes of your year. Filing tax returns and paying income tax can be a bit daunting for many, but this is an essential part of the Kiwi tax system, so it’s important to […]
Share options: demystified context and uses
Many share option plans in both the investment markets and employment markets are misunderstood, misused, and don’t deliver for at least one, if not both parties, what they expected. This is the basic jargon: What is an option? The right to buy or sell something at some future point in time. What is a share? […]
Tax Updates: 9 December 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. TDS – a useful read A timely reminder, I […]