Only 5% of businesses have cyber insurance, even though everyone is at risk of a cyberattack – and the cost of an incident can sink your entire organisation.
A consultation paper released by IRD is a reminder that charities and NFPs need to think hard about tax compliance to ensure they get it right. Because they often don’t pay income tax, those managing NFPs often see tax as less of a priority than their private sector equivalents.
You’ve been working hard your whole life, and you’ve built up assets that are worth protecting: a profitable business, a portfolio of investments, and a good reputation. But, can you turn that success into generational wealth?
For 21 years, we’ve tracked the proportion of women occupying senior management roles in mid-market companies around the world. The last five years have seen sustained growth on this key measure and, as a result, we now expect parity to be reached in 2051.
Diversity in all its forms benefits businesses, driving innovation, fresh perspectives, and new growth opportunities. In today’s fast-paced global market, a broad range of viewpoints helps businesses better analyse challenges and adapt to change. Likewise, diversity is essential for attracting both top talent and clients.
As 31 March 2025 approaches, it’s time for most businesses across New Zealand to get their financials in order – an often time consuming and stressful task. Whether you’re a small business owner or running a larger operation, with a bit of planning, you can wrap up the financial year smoothly and set yourself up for success in the next one.
Important notice for Cryptopia account holders to register claims before the soft cut off date
New Zealand residents pay tax in Aotearoa on world-wide income. Simple enough. But what about people who only live here sometimes, or intend to move to another country?
The External Reporting Board (‘XRB’) has recently published a new standard, NZ IFRS 18 ‘Presentation and Disclosure in Financial Statements’. It replaces NZ IAS 1 ‘Presentation of Financial Statements’ and will impact every reporting entity currently reporting under New Zealand equivalents to International Financial Reporting Standards.
Prevention is better than cure: That’s Inland Revenue’s perspective on tax compliance for multinationals. It wants to make compliance easy and non-compliance difficult, by helping customers early, providing clear guidance and keeping costs down.
The 2024 financial year has been characterised by significant challenges and an economy in recession, however, businesses are beginning to see glimmers of hope on the horizon.
Whether you’re a vendor or a purchaser considering consolidation as a viable option for your brokerage, there are industry-specific challenges and considerations you’ll need to overcome to deliver successful outcomes beyond the completion of the transaction.
Reduced consumer spending. Finding talent. Rising interest rates. Inflation. Supply chain challenges. Escalating global conflict. To say doing business is difficult in New Zealand (or anywhere) right now is an understatement.
These Example Financial Statements illustrate financial reporting by an entity engaging in transactions that are typical across a range of non-specialist sectors.
Many Kiwi businesses eventually outgrow their systems and processes. Their financial, governance and management systems were a perfect fit when the business was smaller – but now, they’re hindering growth, not helping it.
Putting responsible business practices in place is often an overlooked opportunity to invest in the future of your business. ESG expectations and obligations are rising. Unfortunately, this can be perceived as a negative: a cost to be faced, a risk, and an annoying box-ticking exercise. However, it’s time to flip the script and seize this opportunity to build a better, more resilient enterprise.