How to pay more tax: Be Sloppy.

Every single person that I come across wants to pay less tax.  Nothing wrong with that.  It's always been my opinion that it is a god-given right to manage your affairs in such a way that tax minimisation is optimised.  All completely legally, of course!

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Signing up for MyIR- all you need to know

Posted October 9, 2012
IRD has recently made improvements to their systems to allow online filing of personalised returns - both for individuals and businesses.    If you like to file your returns electronically, then you have to sign up for the new online process because the current non-personalised online filing is going to disappear in early 2013.

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Smell the Roses!!

Posted October 2, 2012
The most recent updates to Xero mean that you can now spend less time on admin stuff and take time out to smell the roses or  lie in the sun or play with your kids or even think about strategic issues - whatever is the most important thing to you.

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Xerocon 2012 - What's Coming Up Next!

Posted February 14, 2012
The third Xero conference lived up to all expectations - giving insights into how our favorite  accounting system is going to be improved, providing an opportunity to find out  about other solutions that integrate directly into Xero, and also extending our knowledge on how technology solutions can improve business productivity and information management.

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Enlighten us, but make it quick!

Posted October 20, 2011
Category Leadership
Stephenson Thorner is now a gold sponsor to Ignite Wellington.   Ignite’s goal is to amuse, educate,  inspire and amaze and often all of these within a fast-paced 5-minute presentation.   Each event has a number of inspiring Wellingtonians who will give a short mini-TED-like talk on a topic they are passionate about.  The next Ignite event will be held at the Paramount Theatre on the evening of Tuesday 8 November.

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Take Yourself (and a Friend) to Australia- We'll Pay

Posted September 8, 2011
Category Business Growth
We're looking to fill two accounting roles - a vibrant senior manager and an exceptional accountant.  If you can help us by  referring someone that we ultimately employ, we'll pay for you and a friend to fly to Australia (or NZ, if you're already in Australia) and give you $500 spending money on top.

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Penny & Hooper - IRD speaks. You'd better listen.

Posted September 1, 2011
Category Taxation
IRD has issued their views on what level of profits in a service business should be allocated and taxed in the hands of the owner, in light of last week's Supreme Court decision in the Penny & Hooper case.  There are potentially a huge number of businesses that IRD might investigate to determine whether tax avoidance has occurred.

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Penny & Hooper v IRD - The Final Result

Posted August 23, 2011
Category Taxation
I have just received a copy of the Supreme Court judgement on the Penny & Hooper case.   This case is an important one for anybody that makes a living from selling their personal skills & expertise.  Around 2000, there would have been a number of people who switched from sole-trader status to working via a company structure.

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Make Complaints Your Friend

Posted August 13, 2011
Category Customer Service
Last week I was watching a TV programme which served up a  valuable business lesson.   Here's what happened.  Three B & B owners stay at each others places for a night.  In the morning, they can decide how much of the standard tariff they think the experience was worth.  They also provide comment on what they liked or didn't like.   Participants were a young couple just starting out, a posh lady who used to run a finishing school, and a down-home older couple.

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Capital Gains Tax - Should You Be Worried?

Posted July 14, 2011
Category Taxation
Last week I was watching a TV programme which served up a  valuable business lesson.   Here's what happened.  Three B & B owners stay at each others places for a night.  In the morning, they can decide how much of the standard tariff they think the experience was worth.  They also provide comment on what they liked or didn't like.   Participants were a young couple just starting out, a posh lady who used to run a finishing school, and a down-home older couple.

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