Industry Advice on Finance, Business & Tax for the New Zealand Market

While we often hear that death and taxes are certainties in life, the lack of clear guidance on managing the complexities that arise after a loved one's passing is striking. This article sheds light on the often-overlooked aspects of estate planning and the importance of proactive preparation, helping to ease the burden for those left behind.

In line with the recent changes made to the Trust Act (2019) that came into force on 30 January 2021, the Inland Revenue Department has now published their operational statement (22/02) that sets out the reporting requirements for domestic trusts.

As the new financial year begins for many, it’s a key time to review budgets, update cashflow forecasts, and set new targets—ideally aligning these with a refreshed strategic direction for better focus and financial clarity.

We look at the Government's draft legislative proposals with respect to limiting the deductibility of interest expense for residential property investments and a number of changes to the bright-line rules.

Effective KPI reporting is built on transparency, accountability, and comprehensive communication. It can help businesses to reduce costs, identify new opportunities, and make better decisions. It provides an opportunity for staff at all levels of a business to reflect on their performance and, if required, take actions that improve the overall performance of the business.

Selecting the right KPIs for your business is an important part of achieving your strategic goals. However, with the masses of data available to businesses in the digital age, it can be difficult to know which KPIs will deliver the most value.

The role of the chief financial officer (CFO) has evolved with modern business requirements. Could you now benefit from their increased skillset? Here’s what the new, modern CFO can offer your business:

Is your chief financial officer (CFO) up to standard? Are they achieving, or are they lagging behind? These are the five signs that it’s time to rethink the CFO role in your business.

Virtual CFOs are a relatively new phenomenon, spurred on by increasing digital accessibility and the demand for business advisory on a budget. However, not all virtual CFOs are created equal. We’ve put together the points of difference that will help you pick the right virtual CFO for your business. 

A virtual CFO offers a unique blend of affordability, expertise, and independence that traditional CFOs can't match. Discover how this innovative approach can accelerate your business growth and provide tailored financial strategies to meet your goals.

Almost every business will face the daunting ‘Valley of Death’ before it becomes profitable. The key to survival is not avoidance, but preparation. By planning ahead with the right business growth strategies, you can minimise the time your business spends in the Valley and get back on track to profitability.

Most people associate business growth with making big changes––but this doesn’t have to be the case. You don’t need to triple your business overnight; all growth counts, it’s cumulative. Here are four ways to achieve growth by implementing small, incremental changes.