Managing your personal or business finances can be overwhelming without expert guidance. That’s where a reliable chartered accountancy firm comes in. In Otahuhu, firms like Knobloch & Associates offer professional, tailored solutions to ensure financial stability and compliance with New Zealand’s regulations. Whether you are looking for tax advice, business strategy, or personal financial planning,...
In the dynamic business environment of Papatoetoe, partnering with a reputable chartered accountancy firm is essential for both individuals and businesses aiming to achieve financial success. One such firm, Knobloch & Associates Ltd, offers a comprehensive range of services tailored to meet diverse financial needs. Understanding the Role of a Chartered Accountancy Firm A chartered...
Taxpayers often travel away on business and take a companion to accompany them. As a taxpayer, travel expenses incurred in the course of earning assessable income can be deductible provided there is a sufficient connection between the expenditure incurred and the taxpayer’s business activities. However, what may not be so clear-cut is whether a taxpayer...
About corporate failure, there are some common misconceptions about the liability of company directors. Operating as a limited liability company does provide a level of protection to shareholders, however, company directors can be held personally liable for debts of the company if they have breached their director’s duties. These duties are set out in Sections...
A recent Taxation Review Authority (‘TRA’) case serves as a reminder not to be complacent when it comes to lending arrangements between associated entities. One of the fundamental questions to be asked is “what has the entity used the funds for”, to determine whether or not there is the required connection between the expenditure and...
Insolvency Options It has been four years since the financial crisis hit us but some businesses are still affected by it and struggling. Others have gone into receivership or liquidation. This article attempts to identify the different options available to a company before it is closed down. When a company runs into financial difficulty, the...
Draft legislation is in the process of being finalized that will change the level of detail required in an entity’s financial statements, depending on its size. Currently, if a New Zealand company meets two or more of the following criteria, General Purpose Financial Reporting (GPFR) requirements must be met when financial statements are prepared: annual...
The idea of retiring at a ripe old age free from financial pressures is a pleasant vision for many. As the benefits of saving for retirement are recognized globally, it is becoming more common for individuals to migrate to New Zealand with superannuation funds from their previous country of residence. Generally, once an individual is...
The 2013 Budget continued the recent pattern of making small changes to New Zealand’s tax framework, which implies the Government is broadly happy with how it is operating. The changes that were announced are intended to strengthen the tax base and support the business environment. A brief overview of the proposed changes is provided below....
Two employment law cases received considerable media attention recently and highlight how employment dispute stories have become very newsworthy. Both involved employers who dismissed employees for reasons either wholly or partly attributable to reputational damage. This should serve as a reminder to other employers to be concerned about the potential implications of this sort of...
© Knobloch & Associates Ltd, 2024.
Designed and Maintained by Nika Consulting Group Ltd.
© Knobloch & Associates Ltd, 2024.
Designed and Maintained by Nika Consulting Group Ltd.
