Dellow Financial Services
|Posted on 10 September, 2019 at 4:00||comments (0)|
AIA Insurance Special Offer to 5 November 2019
Income plays a vital part in accumulating wealth and preparing for retirement. What would you do if your income was to unexpectedly stop. Have a plan.
Join AIA Vitality between 5 August and 5 November 2019 and get the first 12 months of membership for free.
On joining AIA Vitali...Read Full Post »
|Posted on 24 July, 2019 at 14:55||comments (5)|
There are lots of things to consider when buying or selling a business.
Valuing the business
A business valuation can provide a sound platform from which to start negotiations. Business brokers provide generally accurate market appraisals after a brief discussion and review of your financial statements. In New Zealand small businesses are usually sold for between 2 - 4 times EBITD (earnings before interest tax and depreciation). There are however industry specific rules of ...Read Full Post »
|Posted on 18 July, 2019 at 3:35||comments (0)|
Documents play an essential role in protecting the interests of the business and business owners over the course of a company’s lifetime.
Company Constitution - do you have shareholders other than yourself in the company? Do you want to retain the control of your company? Are you a shareholder or investor in a private company? Do you want to have ensure you have a say in how the business is run? If you answered yes...Read Full Post »
|Posted on 23 June, 2019 at 3:30||comments (0)|
IRD with increased funding is able to engage in more audits, and compliance reviews.
For example: IRD recently undertook a Client Risk Review of a financial services business. later this expanded into a full Audit in respect to GST and Income Tax matters. The total professional fees of $17,850 were fully covered by the Audit Shield Master Policy.
Dellows utilises Audit Shield and offers audit protection insurance to all clients annually.
The policie...Read Full Post »
|Posted on 23 June, 2019 at 1:10||comments (0)|
If you are a member of a KiwiSaver scheme or a complying fund you’re eligible for the Government contribution, provided:
you’re 18 or over
not elegible to withdraw your savings, and
mainly reside in New Zealand
The Government will pay 50 cents for every dollar of member contributions up to a maximum payment of $521.43. This means that you must contribute $1,043 annually (before 30 June) to qualify for...Read Full Post »
|Posted on 23 June, 2019 at 1:10||comments (0)|
How to reduce your tax bill
If wanting to reduce your taxes planning is required.
Timing involves paying taxes due at a later date, prolonging amounts due for as long as possible. Strategies include pre-paying expenses i.e. buying travel in advance; including accruals i.e. ensuring all accounts payable and trade accounts owing to suppliers at year end are included, weighing up payment basis vs invoice basis for GST, and if GST is even required. Timing is very im...Read Full Post »
|Posted on 23 June, 2019 at 1:05||comments (0)|
ACC Coverplus Extra - CPX
It's that time again, ACC has started mailing out their Cover Plus Extra renewals for business owners and self-employed.
This is their agreed value version of the cover for self-employed, if you are not on it, you should be. This solves the primary concern people have about defining how much their weekly compensation claim is. Haven't got it or have questions about it, message us and we can chat.
Options include reducing ACC cover and ...Read Full Post »
|Posted on 23 June, 2019 at 1:00||comments (0)|
Remember to hold some cash
In addition to your business, property portfolio, vehicles, and other assets, it is important to hold an investment in "cash". An advised minimum is the equivalent of 3 months living costs, potentially held in a managed fund.
Smartshares accepts direct investments from new investors from as little as $500 per fund and $50 per month ongoing.There is an establishment fee of $30.
Banks often have options, mortgage offset accounts, t...Read Full Post »
|Posted on 23 June, 2019 at 0:55||comments (0)|
2019 Year End - James Top Tips
1. Donations are deductible at year end with no maximum amount refunded at 33%
2. Dividends should be declared to clear any overdrawn shareholder current accounts (DWT due 20 April 2019).
3. Shareholdings should be reviewed to ensure they allow for shareholder salaries to be declared to all individuals working in a family business.
4. Call us if your business is going to make losses to discuss loss offset options.Read Full Post »
|Posted on 23 June, 2019 at 0:50||comments (0)|
Pay accounting fees over 3, 6 and 12 months. This is an option for one-off additional services or for convenience to assist with cashflow requirements. Interest rates between 0% - 9.5%.
Generally we operate on fixed monthly fees allowing for smaller payments throughout the year, rather than a large one-off amounts. For new clients transitioning to monthly fees we can offer a 0% interest rate on a 6 monthly term to complete any prior year requirements.Read Full Post »