When Is the Sale of Land Taxable?
One of the questions I am regularly asked is whether the profit from selling a property will be taxable.
The answer is not always straightforward.
There is a common perception that if you buy a property as an investment and hold it for a number of years, any eventual capital gain will automatically be tax-free. That is not necessarily the case.
What Is the Role of a Receiver?
When a business experiences financial difficulty, a receiver may be appointed to protect the interests of a secured creditor and manage specific company assets or the business itself.
The Corporate Trustee Model
The use of Family Trusts has been around for a very long time; hundreds of years in fact. The use of a Corporate Trustee is more recent, but I have been a big fan of the Corporate Trustee model for many years.
Shareholder Current Accounts & Liquidation: What Directors Need to Know
Shareholder current accounts are common in privately owned companies. They record the movement of money between shareholders and the company, including funds introduced by shareholders, drawings taken from the business, salaries, dividends and other transactions.
Qualifying Companies and Insolvency: What Shareholders Need to Know
Qualifying Companies (QCs) are a legacy company structure that some New Zealand businesses continue to operate.
PAYE Debt: A Serious Warning Sign for Directors
For many businesses, cash flow pressure develops gradually. Suppliers may be stretched, customers may pay slowly, and directors may find themselves making difficult decisions about which obligations to prioritise.
Liquidation – What Happens Now?
Liquidation represents the formal end of a company’s life. While establishing a company is relatively straightforward, bringing a company’s affairs to a close is a highly regulated process requiring careful management and specialist expertise.
Insolvent Trading: What Directors Need to Know
Financial pressure is one of the most challenging situations a business owner can face. When a company begins experiencing cash flow difficulties, directors need to understand their responsibilities and take proactive steps to assess the company’s position.
How the 80/20 Rule Help Us Be More Effective
In the very early 1900’s, an Italian economist by the name of Vilfredo Pareto created a mathematical formula describing the unequal distribution of wealth he observed and measured in his country:
A Director’s Duty to Creditors When Insolvency Is Approaching
When a company begins experiencing financial difficulty, directors face some of the most challenging decisions they will make in business.
Need Independent
Insolvency Advice?
Every business faces unique challenges, and there is no one size fits all solution. Whether you are a director navigating financial challenges, a creditor seeking independent clarity, or an adviser supporting a client, we are here to help.
Get in touch with Pryde Accounting & Advisory Limited for a confidential discussion to explore your options and find the right path forward.