Business Valuations 101

Hamish Mexted Business Strategy & Planning, Odds & Ends

At first glance, valuing a business is straight forward. It’s a formula with numbers from your Accounts. The complication is that we need to make an educated-guess about your future profit and operations, and make assumptions about things which may (or may not) happen. The formula Businesses are often (but not always *) valued by multiplying: Your profit, after various …

Meet The Team – Julia Kelly

Julia Kelly Odds & Ends

Born and raised in rural Taranaki, I decided to up and move to Wellington for University 3 years ago. Since then I have not looked back. I am currently only weeks away from completing my Bachelor of Commerce majoring in Accounting and Commercial Law and hope to start studying for my Chartered Accountancy within the next year or so. Why …

Trust Management

Keitha McClure Asset Protection, Business Strategy & Planning, Odds & Ends

A family trust is like an insurance policy. You perceive a risk such as high taxes, asset testing, business failure, or relationship property and use a trust to insure against that risk. However, just like an insurance policy, a trust will not cover the risk if you do not manage it properly. Failure to manage family trusts correctly will put …

Expenses: What can I claim?

Eugenie Jones Accounting & Compliance, Odds & Ends, Reducing Tax

A question often asked by independent contractors and small business owners. Independent contractors can claim a number of expenses. However, they have to be legitimate business expenses. These are expenses that are necessary for your business to derive income. Basically anything that is in line with the nature of your business and has helped you to create your income will …

Accounting 101

Alex Silverwood Accounting & Compliance

When you’re starting out in business, it can be hard to make sense of the accounting side of things. How to code transactions and understanding how this drives your accounting system and the financials it provides you. Even people with a lot of experience in business get confused with this because after all you don’t go into business to deal …