We all like to control our environment. It makes us feel safe. The problem is we all seek to do that in our own way, and by default no one can ever control our environment to the extent that they might wish. If collectively we were successful there would be no uncertainly, no risk, no […]

To be fair, I think none of us have lived through a year such as 2024. It wasn’t like the Global Financial Crisis (GFC), a banking crisis that tipped through into asset prices, confidence and transactional business activity. It was not like 1987, when asset prices collapsed, which destroyed confidence and liquidity, causing bank defaults, […]

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 […]

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. […]

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 […]

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? […]

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 […]

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. Overdrawn shareholder current accounts While I was slumming it […]

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. Trade rebate/promotion tax issues Inland Revenue (IR) recently released […]

In an unashamed take from Graham Norton, I intend to write a few stories called ‘the blue deck chair.’ You are free to pull the lever and flip my chair. So please send feedback, flip, or let me walk… In the current world we live in, we’re routinely reminded about what we shouldn’t say and […]

When a bar owner I worked with went from operating at a loss to turning a profit within one year, it wasn’t just about getting the numbers right—it was about understanding what their business needed and building a system that would set them up for success. Bookkeeping is the foundation of the accounting cycle and […]