So why do businesses go through the budgeting/planning process? Budgeting provides users with a financial framework they can work within. Budgets encourage businesses to look ahead into a finite period of time and establish a plan outlining objectives they wish to achieve and how they will be achieved, whether the objectives are financial or non-financial.
An overview will be provided on provisional and terminal tax, GST, tax rates, PAYE and FBT and use of money interest. Attendees will be taken through a question and answer session to reinforce the learning. The presenter will also answer any questions that may be unique to the business owner.
Hosted by the Critical Point Network on 17 May 2017.
The team from Colliers will cover a brief market overview of the current commercial property environment, highlighting the four main investment categories, identifying external market forces impacting on the commercial property landscape and briefly discussing the market outlook.
With any new hire, most organisations want a new employee to ‘hit the ground running’ and more often than not, due to work demands, the induction process (aka ‘on-boarding’) is ad hoc, under-rated and under-prepared. So what are some key areas to include in an induction checklist? The following is a good start:
Times are changing and the expectation of directors’ responsibilities have increased and changed. This is as a result of the economic and regulatory influences driven by global financial issues and local factors such as the finance company failures and the Pike River tragedy. These issues put the spotlight on directors, resulting in legislative and regulatory compliance becoming more demanding.
Significant changes to the withholding tax regime come into force from 1 April 2017. These are the key changes, allowing recipients of withholding payments to elect their withholding rate (with minimum rates applicable) and to extend the regime to all payments made to contractors by labour hire firms.
Are you concerned about your business’s exposure to fraudulent activity? Would you like some assurance that the payments you make to your suppliers are all legitimate? Do you have appropriate procedures in place when checking your payments for approval or authorising bank transactions?
Our Audit team has introduced a new service which assists in the identification of fraudulent or unusual activity, therefore providing your business with added confidence around anomalies in data.
Inland Revenue have recently published details of some of the issues identified from the BCP process in the 2015 tax year. These issues were identified from a mix of voluntary disclosures following further information requests and audit letters and also from issues found during audits. These issues can apply to enterprises of all sizes. For your information, we identify the top 10 issues.