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Category Archives: Business

60 day limit for tax pooling being extended

August 15, 2011

Clients who are unable to pay their tax can buy it from a tax pooling company. This opportunity is available for up to 60 days after the due date for payment of the tax. There is a Bill before Parliament. This time limit is to be extended to…


Being critical

August 15, 2011

Reputation rules, influencing every decision we make, day in and day out. Virtually every item in our daily newspapers, nightly TV news programmes, and magazines, revolves around reputation. A well-known rugby player is charged with assault. A company director is convicted of fraud. A company goes into receivership due to mismanagement and reckless trading. Stories like these are what make up the bulk of our news bulletins…


Cash to grow

August 15, 2011

We are seeing signs of business starting to pick up. We are all ready for it to happen. For many business owners cash reserves have been used up to survive the recent years of trading – money is tight. As business picks up, cash is needed to buy product and employ extra staff to cope with the increased workload…


90 day trial – extension to all workplaces

April 8, 2011

The proposed changes are to extend the 90 day rule for new employees to all workplaces not just those with less than 20 staff. If the change becomes law the current provisions for smaller businesses are likely to apply, the 90 day trial will need to be agreed prior to the employee commencing employment with [...]


Minimum wage increase

April 8, 2011

From 1 April 2011 the minimum wage will increase from $12.75 to $13.00 an hour and the training and new entrants’ wage will increase from $10.20 to $10.40 an hour. A new entrant is an employee who is 16 or 17 years old except if they have : Completed 3 months or 200 hours of [...]


How do companies and trusts sign documents

April 8, 2011

When a company or a trust enters into a contract it is important to know who needs to sign the contract documents. Where a contract is not signed by the correct person or the correct number of people, while the contract may still be binding on all parties, the party bound by the contract may [...]


Positive customer complaints

March 24, 2011

Customer service, service with a smile, go the extra mile, exceed expectations… We have heard all the catch phrases before but what happens when our service falls down resulting in a complaint. Dealing with complaints well is paramount to a business’s reputation. Of course the ideal is to not get complaints but in the real [...]


Small Business Relief Package

March 2, 2010

Reducing the size of provisional tax repayments business taxpayers have to make for the 2008/09 and 2009/10 income years. At the present time, taxpayers have to factor in 5% growth, but that will be dropped for those years. Transitional provisional taxpayers’ rates will also reduce by 5%. Reducing the use of money interest (UOMI) rate [...]


Cheaper debt recovery and contract enforcement

October 22, 2009

From 1 November 2009, it became cheaper to recover debts and enforce claims worth less than $200,000. On 1 November 2009, the new District Court Rules came into force. These radically overhauled the way District Court cases are run. The new rules provide a range of proceedings for resolving disputes. Parties are encouraged to quickly [...]