IRD has recently announced that you can generally claim 100% of the costs of gifts such as food, wine or event tickets as an expense.
We saw this headline in a lawyer’s advertisement for a seminar: PROTECT YOUR ESTATE FROM YOUR CHILDREN’S PARTNERS.
Some individuals have shares or other equity (not loans or fixed deposits) investments in foreign countries, which do not qualify for exemption.
If you are operating two or more companies, try to avoid making inter-company loans. Unless the shareholdings in both are identical, you will usually need to charge interest to the borrowing company.
Errors in ACC bills are not uncommon. Check the invoices you receive. Typical examples include:
A shop window for retailers is one of their best marketing tools. We know of a shop with a huge frontage and a big shop window.
We have come across two cases recently of a bank underpaying a client’s tax. In the first instance, the bank wrongly dishonoured a payment because it credited a deposit a day late.
On 1st August 2012, the Companies Office will introduce changes to its fees structure. Along with other increases, one of the most noticeable will be the re-introduction of an annual return filing fee which was previously free.
A good leader is vital to company success and productivity. The importance of a leader is not only to control a company’s day to day activities or to think of new directions, it is also vital they maintain a good relationship with employees.
Have you received your IR3 tax return pack? The IRD will automatically send you an IR3 tax return if you filed one last year.