From 1 April 2011 (2012 tax year) depreciation is not able to be claimed on buildings (i.e. the depreciation rate for buildings was set to 0%). Certain exceptions have been provided for example, the IRD specifically allows depreciation to be claimed on some specialised buildings (referred to as schedule 39 structures) including glasshouses, milking sheds…Details
On 26 July 2012 the IRD announced proposals to make lease inducement payments taxable. A lease inducement payment is a payment made by a landlord to a prospective tenant as an inducement to enter a commercial lease. At present for income tax purposes, a lease inducement payment is generally deductible for the landlord making the…Details
Auckland Tourism, Events and Economic Development’s next business workshop addresses the issue of business growth. Most companies dream of winning a big contract, taking a large order, or breaking into a new market. But are you prepared for quick and significant growth in your business? While the dream of ‘making it big overnight’ sounds good,…Details
The finalists for the 2012 Westpac Auckland West Business Awards were recently announced at a function hosted by Auckland Tourism, Events and Economic Development (ATEED) at The Trusts Stadium. UHY Haines Norton is sponsoring the Excellence in Information Management award, and the finalists are: Buy West Realty Limited Freeviewshop Spectrum Consulting Limited Torque Performance Honda…Details
Taxing matters provides a summary of topical tax and business information relating to individuals and business. LAQC Transition Date 30 September 2012 is the last date for election to transition from a LAQC to a Look-Through Company, Partnership or Sole Trader without incurring any tax cost. Please refer to our article in the August 2012…Details
If your work place was anything like ours it would have been abuzz with talk about the Olympics during the two weeks that the 2012 games were held in London.
Watching New Zealand’s Olympic athletes compete and succeed against the best in the world got me thinking about what makes them successful and do the attributes needed to succeed in sport apply to being successful in business? In many cases I think the answer is yes.
Listed below are some of the attributes of our Olympic athletes which I believe equally apply to running a successful business.
1. Goal Setting
Even the most skilled athlete needs to set goals to make it on to the Olympic stage. They do not leave it to chance. Goals, once set, help drive all future actions. In the case of our athletes they determine the training regime, diet, equipment, support staff and so on – everything needed to meet their goal.
To help ensure that a goal is met it will often be broken down into its short, medium and long term components.
2. Dedication and Perseverance
It is difficult to achieve anything worthwhile without having the qualities ofDetails