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Tax UpdatesTax Updates: 20 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. Employee share scheme guidance Inland Revenue (IR) has just […]
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What your kids need to know about the family fortune (part two)
Authored by: Evana Lithgow, of Working Minds Talking to your children about your wealth and preparing them for a place in the family’s business or fortune can be enjoyable. But it can also be daunting if the topic is new to you and them or if relationships are distant. The key is that your approach is aligned […]
Argus Fire Protection – through the fire
Authored by: Jacqui Bensemann, CEO of Argus Fire Protection I received a phone call from Bruce Sheppard, he invited me to present at the GS event themed ‘Purposeful Business’. I said to him, “What is a purposeful business?” Bruce replied, “Argus is one.” And while that wasn’t very helpful, it made me think and want […]
Did you receive a CRS letter?
The IRD has begun issuing letters detailing both their powers to gather information from foreign jurisdictions and your responsibilities as a tax payer. This can be a very difficult letter to receive even if you as a tax payer have been compliant for your economic history. What does it mean? The Common Reporting Standards (CRS) […]
Why your family wealth story matters
It’s never too early or late to start telling the next generation the story of how your family’s wealth was created. Stories are powerful and can create lasting bonds and a legacy to pass from generation to generation. But for many people, starting such a conversation falls into the too-hard basket. For some it’s a […]
Feeding the squawking chicks
You wanted to run a pension fund… didn’t you? So your family has made it – you’ve achieved enough money and assets not to worry anymore. Generation One (G1) is now considering ‘what next’, or maybe G2 is now in control. There’s a pile of stuff to be sorted through and thought about. This family […]
