It’s been 40 years since I qualified as a Chartered Accountant and in that time we’ve seen some changes. Back then we worked at desks, not work stations. Most people had their own office and, although it’s unthinkable today, smoking in the office was commonplace. There were neither computers nor faxes, not even photocopiers. Instead
Audit Partner Sungesh Singh on moving to a paperless audit environment: After relying on traditional paper based processes the audit division of UHY Haines Norton has left the past behind by adopting a paperless environment for its audits. To enable us to make the progression to a paperless environment we have recently implemented a CASEWARE
UHY Partner Mark Foster discusses a potential tax risk for lifestyle block owners: Lifestyle blocks make up a good percentage of small business in the Helensville area. It is important if you are claiming expenses in running a lifestyle operation that there is a clear intention that the business is going to make a profit.
From 1 April 2011 (2012 tax year) depreciation is not able to be claimed on buildings (i.e. the depreciation rate for buildings was set to 0%). Certain exceptions have been provided for example, the IRD specifically allows depreciation to be claimed on some specialised buildings (referred to as schedule 39 structures) including glasshouses, milking sheds
On 26 July 2012 the IRD announced proposals to make lease inducement payments taxable. A lease inducement payment is a payment made by a landlord to a prospective tenant as an inducement to enter a commercial lease. At present for income tax purposes, a lease inducement payment is generally deductible for the landlord making the
Auckland Tourism, Events and Economic Development’s next business workshop addresses the issue of business growth. Most companies dream of winning a big contract, taking a large order, or breaking into a new market. But are you prepared for quick and significant growth in your business? While the dream of ‘making it big overnight’ sounds good,
The finalists for the 2012 Westpac Auckland West Business Awards were recently announced at a function hosted by Auckland Tourism, Events and Economic Development (ATEED) at The Trusts Stadium. UHY Haines Norton is sponsoring the Excellence in Information Management award, and the finalists are: Buy West Realty Limited Freeviewshop Spectrum Consulting Limited Torque Performance Honda
Taxing matters provides a summary of topical tax and business information relating to individuals and business. LAQC Transition Date 30 September 2012 is the last date for election to transition from a LAQC to a Look-Through Company, Partnership or Sole Trader without incurring any tax cost. Please refer to our article in the August 2012