Accounting and Tax Archives - Page 7 of 8

How your accountant can help establish the right business structure

28/04/2010
Mark
Accounting and Tax, Business Development & Structures
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You should involve the expert services of an accountant as soon as you have decided that you are going to set up a business in New Zealand. You will need to take a number of key decisions right at the beginning and your accountant can help you get these decisions right. Not that many of […]

Safeguard yourself against reckless trading with the help of your accountants

Have you considered asking your accountants for help if you are a director of a New Zealand business that is in trouble? Does the thought of your personal liability in the event of reckless trading bother you? No New Zealand business is immune to the global economic downturn and this may be a good opportunity […]

How your accountant can help you become a successful property investor

Your accountant should, at the very outset, help you to determine your investment goals in acquiring investment properties. You may be looking for high rental yields (often at the expense of capital appreciation) or for high capital appreciation (with a sacrifice in the yield). Your accountant will help you to plan the correct mix of […]

How top-flight accountants can help businesses navigate financial troubles

High quality accountants are not generally the first thing that comes to mind when your business is in financial trouble and that’s a pity. Inevitably, your focus is on trying to resolve your cash problems and to raise enough money to stay solvent. If you can get accountants to help you at an early stage, […]

15/04/2010
Mark
Accounting and Tax, IRD compliance (GST/PAYE/FBT)
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GST is a tax on the supply of goods & services in New Zealand by a GST registered person on any taxable activity that they conduct out. The current rate for GST is 12.5%, although it may be zero-rated for exports. Some supplies of goods and services are ‘exempt supplies’ and may include: > Some […]

Business ratio

Learn 3 simple business ratios to identify negative trends in your business in less time than it takes to read your favourite newspaper. Business ratios are tools that help you in evaluating the current performance of your business. They are also very effective in helping you detect problem areas within your business before they get […]

Why you should become a company

The New Zealand company tax rate was reduced from 33 to 30 percent from the beginning of the 2008/2009 income year – usually 1 April 2008 for companies with a standard 31 March balance date. This applies to companies and other entities defined as companies by the Income Tax Act, including incorporated societies and unit […]

Use your home as a genuine business deduction

Your home office is likely to be one of your biggest business deductions. Ask any proactive tax accountant or business person and they’ll likely agree with me. Recorded properly, this is one of the all around best deductions dollar for dollar. Since you probably work at home, quite a bit, you’ll be saving big money […]

Why your bank account may not reflect the sales that you have made

If you are just starting out with your small business, it could be that you are not too comfortable with the “ins” and “outs” of financial management. You may have been misled into thinking that your bank account is a good way to measure the sales that your business has made in a certain period […]

Impress your bank manager! How to read your profit & loss account report

If you are relatively new to the business arena, you’re probably not too good at reading financial statements. But for someone who is planning to start a small business, it is crucial to learn how to read financial statements and understand what they mean. Today, we are going to discuss one type of financial statement […]