There is a graveyard of companies whose main downfall is the quality of their leaders. Not only the leader at the top but the leaders of teams within the organisation. So, if we all know this, why do companies pay such little heed to its importance? I have worked for good leaders, shit leaders and great […]
Author: Richard Ashby
Inland Revenue (IR) has just released several draft interpretation statements, which individually cover certain aspects surrounding the taxation of employee share schemes: And if all of that wasn’t enough for you to get your teeth into, also released is a reading guide (basically a four-page expansion on my narrative above, so you can decide which […]
Inland Revenue (IR) has released for comment PUB00465: ‘Charities – business income exemption’, which is an interpretation statement that considers the extent to which business income a charitable entity derives is exempt from tax under section CW 42 of the Income Tax Act 2007. For those of you who have assisted tax charities with preparing their income tax returns, […]
It may not seem that long ago, 2018 in fact (although scarily whilst seeming just like yesterday, it was actually six years ago!), when Inland Revenue (IR) released a fairly comprehensive interpretation statement surrounding the taxation of trusts – IS 18/01. Therefore, some of you may be a little surprised to hear that IS 24/01 […]
KPIs are short for key performance indicator’s used to measure your employee’s performance. They can be financial, customer, or process-focused. The thing is, generationally, I believe we’ve moved away from using them, and for some businesses, they haven’t even noticed. The catchphrase used to be “work hard, play hard”; nowadays, it’s “work-life balance”. My career […]
As we step into the New Year, it is the perfect time to assess our lives and determine what it is that we really want, both personally and in business or career. Financial security is an important aspect of life because it allows freedom to have and do what we desire. A valuable step towards […]
It feels like the right time of year to sit back and reflect on what’s been happening, and what’s to come. When I am trusted to take care of administration on behalf of another person or family, I never take it for granted and it’s something I hold in great esteem. I’m feeling very privileged […]
It’s around this time when I start thinking about next year, and reflect on the past year. Below are some random reflections that popped into my head while writing. Overcoming Overwhelm Trying to think through the day, the week, the year, and everything that needs to be done is the worst psyche out for me. […]
I think we all look for signals that guide us to what might happen next. And in business and investment, we look out for changes that deliver opportunity or risk. One of my investments went into liquidation recently. The liquidators’ report made me laugh, but also gave me a couple of lessons and an insight […]
I must admit, I got a little too excited (if “tax” and “excited” can be in the same sentence?) when I saw that Inland Revenue (IR) had issued a draft QWBA on the topic of ‘when is a subdivision a taxable activity for GST purposes?’ However, upon reading the 20-page document, referenced PUB00427, I came […]
Inland Revenue (IR) has released its final version of an interpretation statement (IS), which covers the topic of R&D (Research and Developement) loss tax credits. Note that this is a different regime from the R&D tax incentive (RDTI), which was introduced in the 2020 tax year, and a company may be entitled to make claims […]