Engine Room
Sep 2, 2016
Running on Empty? What do you do when you’ve been through all your incomings and outgoings for the quarter and you’re running at a loss? It can give you the flutters but it’s not uncommon for business owners to find themselves in this position, particularly in the start-up phase. It can also ...
Don't file straight away
Sep 6, 2016
YOU DON’T NEED TO FILE STRAIGHT AWAY! Mr and Mrs M have a March balance date. They like to know what taxes they owe early in the year so that they can plan for it. We had completed their accounts in May, but due to the uncertainty of the payout and changeable weather patterns, we decided not ...
LTC Companies
Sep 6, 2016
Mr and Mrs Smith operate their family business, along with their sons, in a company structure. This company is in its first year of trading. Due to the recent downturn in their industry, the company has made a significant loss. However Mr and Mrs Smith also have a partnership that trades in a...
Using Income Equalisation
Sep 6, 2016
Mr and Mrs C came to CMK in mid 2015 having just secured a 50 /50 share-milking position on a farm that they had been working on for some time. Their old accountant had just given them the following tax to pay over the coming months: Mr C $ 2,706.39 payable...
WHAT WE DO AT CMK
Sep 6, 2016
At CMK, family based small and medium businesses are our passion. We recognise that businesses like yours are the backbone of the country and we are committed to supporting you grow and succeed. Family businesses are able to adopt flexible, innovative approaches to business, often with great suc...
Being a Trustee carries responsibilities
Sep 9, 2016
Every so often we remind clients of the risks involved in being a trustee. It doesn’t matter whether the trust is a family trust or a charitable trust. Trustees are directly responsible to the beneficiaries for their management of the trust assets. Beneficiaries can sue trustees. In a family ...
FYI...
Sep 16, 2016
Profitability: the capacity of a business to yield a financial gain beyond covering expenses. Some businesses might have high volume turnover and high revenue yet not be profitable because of high production costs or other factors. Generally businesses starting out have a period where they are t...