Trustee Tax Rate Increasing to 39%
UHY Haines Norton Blog
by Debbie R.
1M ago
It is proposed that the trustee tax rate will increase from 33% to 39%. This change was initially indicated back in the May 2023 budget, but it is yet to become law. Recently we have had strong indications from both the IRD and the finance minister, Nicola Willis, that this rate increase will go ahead. As the date of the proposed increase is fast approaching, we thought we should advise you of this proposed change. From 1st April 2024 all trustee income will be taxed at the higher rate of 39%. For most trusts, this will first impact in the year ending 31st March 2025. There are steps you ..read more
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Should You Buy A Building For Your Business?
UHY Haines Norton Blog
by Debbie R.
1M ago
Tired of paying rent for your commercial premises and considering buying a premises for your business? Owning a building works best if your business is well-established, you have money to invest, and you’re taking a long-term approach – it can take many years for this decision to pay for itself. The advantages of owning a commercial property You no longer need to worry about dealing with a landlord. You’re the landlord now, so your lease won’t end and you get to make all the decisions about how the premises is used. If you want to make changes to the fitout, it’s up to you. You don’t have ..read more
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What Are Your Business Goals For The Year Ahead?
UHY Haines Norton Blog
by Debbie R.
1M ago
The beginning of a new calendar year is an excellent time to review the year just finished and reflect on what worked, what didn’t, what you’d like to change and new things you’d like to implement. Take the time to review the year and acknowledge all that has happened, good, bad or indifferent. Examining the year with an objective perspective can provide valuable insights to prepare for the next business year. Planning and goal setting will help provide a focus for your business efforts. Your Yearly Business Review What were the most significant impacts on your business in the last 12 mont ..read more
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How Does An Accountant Save You Money?
UHY Haines Norton Blog
by Debbie R.
1M ago
Turning a profit will be high on your list of goals as a business owner. And if you want to generate the best margins, that means keeping an eye on the money that’s going out of the business, as well as what’s coming in. So, how can your accountant help with this? The days where your accountant just did the bookkeeping, compiled your accounts and filed your tax return are well and truly over. Modern accounting firms are far more interested in helping you with your financial performance, your business strategy and offering flexible value-add services that put you in better control of your fi ..read more
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Tax Planning Helps You Do More With Your Money
UHY Haines Norton Blog
by Debbie R.
1M ago
Tax planning is a strategic approach to managing your business’ financial affairs, with the aim of legally minimising your tax liability. In other words, you plan ahead to make sure you pay the taxes you should be paying, but not a penny more. Working with your tax adviser, you can look for deductions, credits, exemptions and tax-saving strategies that will help to optimise your company’s overall tax position. How does tax planning affect your business? The primary goal of tax planning is to reduce the amount of taxes your business owes. But it’s also about making sure you stay compliant wi ..read more
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Trial of 4.5 Day Working Week
UHY Haines Norton Blog
by Debbie R.
3M ago
We are excited to announce the trial of a four-and-a-half-day working week at UHY Haines Norton. Our three offices (Henderson, Kumeu and Helensville), will all be closed from 12:30pm every Friday from 1st December 2023 to 31st March 2024. This initiative is part of our commitment to prioritising the wellbeing of our staff and enhancing work-life balance. It also recognises the system and production improvements we have implemented, which have resulted in more efficient service delivery with consistently high quality and professionalism standards. With the proven success of shorter working w ..read more
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10 Hot Questions To Ask Yourself As A Business Owner
UHY Haines Norton Blog
by Debbie R.
4M ago
Want to push your business to the next level? We’ve shared 10 hot questions to ask yourself as a business owner, with advice on how they will drive your growth and success.  Running a busy and successful business means you often don’t have the time to step back and work ON the business. This can be a challenge if your aim is to grow and scale the company. As experienced professional business advisers, we know the value of taking the time to ask yourself some pertinent questions. Holding yourself and the business to account is something we can help with. And there’s never a bad time ..read more
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Preparing Your Business For A Sale
UHY Haines Norton Blog
by Debbie R.
4M ago
Hoping to sell your business in the next five years? We’ll help you get your business in order and come up with a sale plan that delivers the best possible sale price. Selling your business is a big move for any owner. You’ve built this company up, scaled it and put years of hard work into making the business a success story. So, when the time comes to sell, you’ll want to know that you’re getting the best price, and the best future for your legacy. We’ve outlined five ways to maximise the value of your business, with practical steps for making your company the most attractive prospect o ..read more
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Your Plain English Guide To Profit And Loss
UHY Haines Norton Blog
by Debbie R.
4M ago
Here’s our plain English guide to profit and loss and what this report reveals about your finances. What is Profit and Loss? Your profit and loss statement is commonly called your ‘P&L’. It’s also sometimes referred to as your income statement or statement of earnings. Your P&L is a breakdown of your company’s revenue (money coming into the company as sales and other income) and your expenditure (direct costs, overheads, expenses and other costs). As a business, you obviously want to turn a profit and make money. Keeping a close eye on your P&L allows you to track your revenu ..read more
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Giving is Good!
UHY Haines Norton Blog
by UHY Haines Norton
4M ago
Giving is good! Donations not only help the charities that receive them, but they can boost your happiness and provide you with tax credits. Christmas Donations: The Tax Upside Christmas is a time for giving – and it’s not all about presents. Donating to charitable organisations is a fantastic way to support the causes close to your heart. Not only that, but it’s surprisingly good for your health, and you even get a tax credit, so it’s a real win-win for you and your favourite charities. Giving is good for everyone Your donations improve lives for the people who receive them. This year, with i ..read more
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