Resources
ABA Chartered Accountants
Through our broad range of expert advice on taxation and business structures, we help both businesses and individuals alike. We are proud to say that in the 13 years we’ve been in business in Orewa, we have helped many locals reach their financial goals.
If you’re looking for business ideas, tips, financial advice or useful articles on business and tax in New Zealand, we’ve put together some resources we hope will help you add value to you and your business.
Do you have a Trust? Are you a Trustee or Settlor of a Trust?
If you have answered yes to any of the above questions, we would like to inform you of the changes coming in January 2021 under the Trust Act 2019. The Act aims to provide clearer guidance on the...
Minor Capital Expenditure Initiative
Attention Landlords and Business Owners Are you aware of the $5,000 minor capital expenditure initiative that is available to you as part of the Government’s COVID-19 stimulus package? If you are...
Wage Subsidy UPDATE
In light of the Level 3 restrictions currently in Auckland, the Government has announced a new subsidy, the Resurgence Wage Subsidy. Applications for this two-week payment are open from 1pm this...
The Shareholder Current Account Explained
What is a Shareholder Current Account? The Shareholder Current Account is essentially a loan from a shareholder. When companies are registered, the shareholder pays the share capital (often only...
The Government Economic Package announced 17 March 2020 includes ways to assist businesses and individuals who are affected by COVID-19.
Most businesses will be affected in some way by COVID -19. ABA Accountants in Orewa are here to offer professional advice to our clients in this time of uncertainty and assist you with ways of...
Trusts & Estate Planning
What Is A Trust?
A trust is created when a person, called the settlor, transfers property to people known as trustees. Trustees are obliged by law to use the property for purposes that the settlor specifies. Usually, one of…
Entertainment Expenses
Entertainment Expenses What you need to know about making claims. Tax deductible or not?Expenses Friday night drinks for team members or clients in the office. Friday night drinks for team members...
A Comparison of Incorporated Societies and Charitable Trusts
Comparison Suited to .... Charitable purpose Size Decision making Members Accountability Liability Audit Profits How to incorporate Maintaining registration after incorporation Winding...
Cash Jobs
Those clients in the construction sector may hear from IRD soon regarding their obligation to declare all their income, including cash jobs - no matter how big or small - when they file their...
Simplify your accounting and tax
Learning ways to simplify your life can completely change your life and future for the better. Trying to manage your life, especially your financial life, can be difficult in today's age. Between...
Shareholders Salaries and PAYE
In a typical small company scenario, the profit the company derives is usually split between being retained by the company and being distributed to the shareholders. The final decision is typically...
Got a new business idea?
How do you know if your new business idea is any good? Try answering these questions... 1. Does your idea work? 2. Is your idea safe? 3. Is your idea legal? 4. Will it continue to work or...
SWOT Analysis
The SWOT analysis is an extremely useful tool for understanding and decision-making for all sorts of situations in business and organisations. SWOT is an acronym for Strengths, Weaknesses,...
PEST Analysis
A PEST analysis most commonly measures a market. A SWOT analysis measures a business unit, a proposition or idea. PEST is useful before SWOT - not generally vice-versa. PEST generally helps to...
An opportunity to sort out your financial situation
Many of you are doing your best in managing your finance and paying off debt. However, in some cases the level of debt makes it almost impossible to stay ahead. You may be finding that all you can...
Bright-line test on house sales extended to five years
The bright-line test on residential property sales will be extended from two to five years, the government has confirmed today (15 February 2018). It means profits from residential investment...
Ring Fence Rental Property Losses
Labour's proposal that they would ring-fence losses from residential rental properties from other income to end the practice of negative gearing, will mean you can’t get tax refunds from negative...
Anti-Money Laundering (AML) and Countering Financing of Terrorism Act 2009 (CFT)
Introduction to AML & CFT for ClientsFrom 1 October the Anti-Money Laundering (AML) and Countering Financing of Terrorism Act 2009 (CFT) applies to all New Zealand Chartered Accountant firms...
