Introducing our new staff… Kecia Laing-Timu I started at Hughson & Associates back in November after being a manager at a local restaurant for 4 years. You will find Kecia at reception at our Hawera office. Outside of work I like to keep active and social by playing sport and catching up with friends. I…
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Snippets: Nov 19 – Jan 20
Wacky business ideas Ever dreamt of being your own boss? Well, millions of people have turned that dream into a reality and some even claim it’s easy! Recent studies conducted by the Global Entrepreneurship Monitor reveal that 40% of respondents thought starting a business was easy and 46% thought there were plenty of opportunities to…
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Court case – tax avoidance arrangement
Two recent (connected) cases at the Taxation Review Authority (TRA) demonstrate that unnecessarily complex transactions can raise a red flag for IRD. Both cases related to a taxpayer referred to as Mr Brown, who acquired a 2/3 interest in a joint venture known as the NPN Partnership (NPN) back in 1981. NPN held several residential…
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Corporate governance for small businesses
Good corporate governance is often viewed as important for large companies with an established board of directors. However, the principles that underpin good corporate governance can benefit any organisation, irrespective of size. Why is it then that the term governance often raises alarm bells with small business owners? Perhaps it’s the fear of losing control…
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