FOOD FOR THOUGHT

Welcome to our blog

Insights and tips that will have a positive impact on your business


5 years and going strong. We celebrate with some advice for businesses

Posted by Bellingham Wallace on April 03, 2017

Five years later, and Bellingham Wallace is still going strong. In an industry stereotyped as stagnant and traditional, we’ve dared to be different from the rest.

 

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Topics: Business Strategy, Business Growth

The impact of new ‘Labour Hire Arrangements’ tax rules on businesses

Posted by Graham Lawrence on March 21, 2017

From 1 April 2017, tax must be deducted from all payments made to contractors working under a ‘labour hire arrangement’ for a labour hire business. This change will impact many businesses and different industries such as: employment agencies, 'temp' agencies, on-hire businesses as well as the wider recruitment, IT and healthcare industries. 

 

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Topics: Tax

What is the bright line test for residential property?

Posted by Graham Lawrence on March 16, 2017

In 2015, the Tax Department introduced a ‘bright-line test’ for the sale of residential property. If you buy and sell a property within two years, this test is used to determine if you are required to pay tax on the profit. We explain how the bright-line test works and the responsibilities of residential property owners.

 

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Topics: Tax, Advisory Boards

Are you remembering your obligations under investment property tax law?

Posted by Graham Lawrence on March 07, 2017

Property taxation is currently a hot area of focus for the Tax Department. If you’re buying, selling or renting property in New Zealand, it’s important to understand how property taxation works and your responsibilities as a business owner.

 

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Topics: Tax, Property

Becoming a transitional tax resident: What you need to know

Posted by Graham Lawrence on February 28, 2017

If you are moving to New Zealand, or are returning to New Zealand from overseas, then you could quality for the transitional tax resident exemption. We explain what this means and how it impacts your tax obligations.

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Topics: Tax

Should 'tax' be on today's advisory board agendas?

Posted by Graham Lawrence on February 21, 2017

As the tax landscape continues to change with increased complexity of tax regulation both domestically and overseas, the management of tax is fast becoming a necessary part of today’s advisory board agendas. Graham Lawrence gives some important advice to business owners who want to get it right.

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Topics: Tax, SME Governance, Advisory Boards

Fringe benefit tax guide: 12 FBT mistakes that hurt your profitability

Posted by Graham Lawrence on February 16, 2017

From our experience, many businesses consistently fail to give Fringe Benefit Tax (FBT) the attention it deserves; a decision that will inevitably hurt business profitability. The correct treatment of FBT is a strategic issue that business leaders are ultimately responsible for. Following a recent review, the Tax Department has made clear its intentions to crack-down on incorrect FBT compliance.

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Topics: Tax, Fringe Benefit Tax

4 tips on how to secure investors for your business

Posted by Aaron Wallace on January 31, 2017

Approaching potential business investors can be a daunting experience, especially if it’s your first time trying to raise capital. Below we share some tips to help you network with confidence and find the right investors for your business.

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Topics: Raising Capital

10 questions to determine the financial health of your business

Posted by Ash Clarke on January 25, 2017

Before you consider raising equity, it’s important to get your finances in order. Here are ten questions to ask yourself to help determine the financial health of your business.


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Topics: Financial Management, Raising Capital

5 ways to prepare for the cost of raising capital for business

Posted by Mike Atkinson on January 18, 2017

If only securing finance was as easy as a handshake or a verbal agreement. The cost of raising capital can be in the tens of thousands (depending on the size of your business and the amount of funding required). Much like applying for a home loan and paying for building reports, you will need to pay for forecasts, valuations, and various other professional services. Here are five considerations when raising capital for business so that you can budget your money and time accordingly.

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Topics: Raising Capital

Business ownership versus management when raising capital

Posted by Fono Sosene on January 18, 2017

For many, the long-term goal is to take a step back from the day-to-day operations and instead focus on the ‘big picture’ vision. However, if you run a small business in start-up mode you will likely find that you have to be both a manager and an owner. Drawing the line between business ownership and management is never more important than it is when you are trying to bring in investors.

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Topics: Raising Capital

Separating your business and personal finances may help raise capital

Posted by Matt Smith on January 12, 2017

If work is life and life is work  -  what does it matter if I pay for this personal item on my business credit card? It’s all my money, right? Not quite. Separating your business and personal finances is simply smart business. In fact, it may help you raise capital later on.

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Topics: Financial Management, Raising Capital