THRIVE – the Greenhawk newsletter – is for ambitious business owners who want practical strategies for boosting business profits, while taking care of people and the planet. Get it here.
Tax Talk: Nov. 2024
IRD’s recent publications and consultations have largely focused on clarifying existing rules. That said, what they have released is worth noting, offering insights into where the IRD’s attention is currently directed.
Riding the demand wave
There are signs that demand is beginning to bounce back in some sectors, but don’t get carried away. Keep your costs lean, be selective about new clients, and maintain open communication about your capacity.
Tax Talk: October 2024
September was a relatively uneventful month in the world of tax. As always, Inland Revenue has been busy producing guidance and consultation documents on a variety of topics. We are also seeing a lot more investigations activity.
Playing to Win
Are you playing to play, or playing to win? Unlike traditional strategy development tools that focus on extensive planning, 'Playing to Win' outlines five key choices that set the stage for effective action. Check them out here.
Tax Talk: September 2024
Last month we saw a new bill released with some key changes applying to crypto asset reporting, foreign pension withdrawals and transfers, land partitioning, Approved Issuer Levy registrations, and the GST zero-rating of business-to-business (B2B) financial services.
Tax Talk: August 2024
Inland Revenue has been busy producing many publications. These include guidance on GST change-in-use adjustments, employee share schemes, changes to tax balance dates, early processing of 2025 income tax returns, and GST as it applies to subdivisions.
Three ways to get paid faster
We’re hearing a common story from many of the businesses we're speaking with: work done, invoices sent, and then... crickets. More and more businesses are feeling the pinch of delayed debtor payments, and it’s becoming a critical issue. Here's how to fix it.
Tax Talk: July 2024
Today (1 July 2024) is significant for many landowners as the bright-line test returns to a two-year period. This will allow some landowners to sell/transfer properties without a resulting gain being taxed. As always, the legislation is not straight forward. Read on for Alex's full run down.
The hidden costs of discounting
In the competitive world of business, many companies are tempted to use discounting strategies to attract customers and boost sales. While this tactic might offer short-term gains, it can have serious long-term effects on profit margins and overall financial health.
Tax Talk: June 2024
Last week’s budget was uneventful, as expected. We saw a change to personal income tax thresholds, an extension of the Independent Earner Tax Credit, an increase to the In-Work and Minimum Family Tax Credits, an increase in the Student Loan interest rate, and the rollout of the FamilyBoost Scheme.
Thriving in tough times
In the face of an economic downturn, many businesses struggle to prevail, let alone prosper. Here are snapshots from four Greenhawk clients who are not just surviving the current recession, but thriving, and the key lessons they offer.
What’s the financial story of your business?
Every business has a financial story – a narrative woven through the numbers that speaks to its past, present and future. Understanding this story is a bit like learning a new language; the most important language you can learn as a business owner.