Nexia International becomes ninth largest global accounting network

February 22, 2018
Nexia International (Nexia), a network of independent accounting and consulting firms, is delighted to announce that according to the latest International Accounting Bulletin (IAB) World Survey, the network has risen one place since last year to become the 9th largest global accounting network, as measured by fee income. The financial results for 2017, show total fee income of more than US$3.62bn – an increase of 13% on 2016. This increase in global revenue is a result of growth right across the...

Estate planning: Getting the basis right

February 22, 2018
It is an unfortunate fact that although most people understand the fundamental importance of estate planning, it is an area of financial management that is often neglected. Why? Is it because people don’t like talking about death? Are they a bit confronted by their own mortality? Do they not want to tempt fate? Or is it all “just too hard”? Whatever the reason, it is vitally important for everyone get the basics done right. Will Unless you want strangers involved in...

Tax tips, traps and troubles

February 21, 2018
Get organised for annual accounts. The 31st of March is rapidly approaching. Now is a good time to think about getting organised for your annual accounts to minimise hassles. The following comments are based on a 31 March balance date. If yours is different, please adjust accordingly. If you have bad debts, write them off before you get to 31 March or you'll have to include the amount owing to you in your sales for the year. If you have...

Strategic Planning for your Business

February 21, 2018
Some businesses have an uncanny ability to muddle their way to success. Most don’t. When was the last time you reflected with purpose on where you want your business to go? Don’t leave success to chance. A good Business Plan is a roadmap to success. It defines the destination and helps you get there. Developing one needn’t be a chore. Adopt the right mindset Schedule time; you will feel energized rather than squeezing this important task around everything else. It is...

Business Succession Planning

February 21, 2018
Across all sectors and industries, succession is a concern for many business owners. It does not matter whether it is an external sale or a passing of the business to another generation within the family. If the process is not well communicated and not well planned, then succession can be fraught with difficulties. Succession planning is about transferring control and ownership of your business to others. In New Zealand research indicates that up to 40% of business owners will look to...

Meet Our Talent

November 21, 2017
Andrew Kidd, Associate. Andrew has 8 years’ experience at Nexia Chartered Accountants, working with a variety of clients across multiple industries which include Medical Practitioners & Property Investors. His diverse client base allows him to apply his knowledge across varying client scenarios. He particularly enjoys working with clients to assist them in fully understanding not only their tax obligations, but also what the numbers mean.

GST Made Easy

November 16, 2017
Do you hate it when GST return time rolls around? If so, you’re in good company. For many business owners, the pain isn’t so much having to hand money over to IRD, but having to prepare and file a return. But that pain is easy to avoid. Here’s how: If we complete your returns, of course everything will be done for you If you still file your returns manually – register for a myIR account here. If you are GST registered...

Nexia Christmas Close Down Dates

November 16, 2017
With the approach of the Festive Season, the Partners and staff at Nexia would like to extend a very Merry Christmas to you and your family and our best wishes for a New Year filled with health, happiness and prosperity. We are looking forward to working with you in 2018. Our office will be closed from 12noon on Friday, 22 December 2017 and will re-open at 8:00am on Thursday, 11 January 2018. January 2018 GST If your GST is due on...

NZ Trust Law to be Overhauled

November 13, 2017
Parliamentary plastic surgery is in store for the Trustee Act, to make trust law easier to access and understand. On 1 August, Justice Minister Amy Adams introduced the Trusts Bill to Parliament. This will be the first significant change since the introduction of the Trustee Act 1956. Although we have had a change of government, we do expect that this will still go through in current format and at this stage a date is yet to be set. The old Act...

Business Culture tied to Business Performance

November 10, 2017
While it’s easy to think of business culture as a bit soft compared with, say, achieving sales, in fact it’s anything but. A 2014 study reported that public companies named in a “Best Places to Work” list in 2009 outperformed the S&P 500 by 115 percent in the following five years. The Glassdoor study suggests that a culture that engages and motivates employees helps the bottom line. But the reverse isn’t true: A company’s success isn’t enough to produce a positive...
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