FOOD FOR THOUGHT

5 common business growing pains—and how to avoid them

Posted by Graham Lawrence on June 20, 2017

Business growing pains are incredibly common, but that doesn’t make them any less painful. The faster you can implement solutions, the better. Here are five signs your business is experiencing growing pains so you can get it back on track.

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Topics: Business Growth

4 business growth questions your governance board should be asking

Posted by Fono Sosene on June 16, 2017

A good governance board will hold you accountable to your business goals by prompting regular discussion and reflection. Here are four key business growth questions your board should be asking you on a regular basis. These questions are designed to challenge you so you can identify opportunities to take your business to the next level.

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Topics: SME Governance, Business Growth

Who should be on your advisory board to drive business growth

Posted by Mike Atkinson on June 16, 2017

Your advisory board (or board of directors) should evolve with your business. As your business grows, it will require new perspectives and skill sets. Here are some tips for identifying who should be on your board throughout each phase of your business.

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Topics: Advisory Boards, Business Growth

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