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Tax UpdatesTax Updates: 27 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 richard@gilshep.co.nz. Opting out of GST electronic marketplace rules Inland Revenue […]
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The trauma of wealth! The poor little rich kids.
New money only becomes old money if you manage to keep it. The probability of retention is vastly improved by how it is derived. Blood, sweat and tears that convert into money over time has considerably more meaning to the earner than quick money or good luck. Without preparation and an understanding of the way […]
The ability to resist, manage and overcome doubts.
Mental toughness, otherwise known as grit, is the ability to resist, manage and overcome doubts, worries, concerns and circumstances that prevent you from achieving a goal or succeeding in a task. It is a perseverance and passion to achieve. Grit is a strong predictor of success. Research on grit shows that those people that score […]
Your brain may cheat you, but your body will always be honest
Last September, I wrote my first article about starting my weight loss journey as a type one diabetic (you can read this article by clicking here). In one year, this self-proclaimed ‘exercise amateur’ now knows the ins and outs of exercise. At first, I never imagined I would be able to persist for so long. […]
NZ Foreign Trust Disclosure Regime – two years on – are you complying?
A number of you will no doubt remember, the release of the Panama papers in early 2016, which suggested that NZ might be considered a tax haven, due to its taxation rules with respect to foreign trusts. Naturally the resulting public outcry saw the appointment of an independent reviewer by the Government, whose task it […]
A passage to wealth?
Gilligan Sheppard over its journey has attracted or grown a reasonable number of ‘wealthy’ clients and have observed the behaviours of successful people and families, good and bad. Many claim to write with authority on the topic of wealth, and for those who are wealthy, or aspire to be, this thought piece will either resonate […]
