Focusing on Profit
Oct 7, 2016
Net Profit Margin = Net Profit/Total Revenue = (Total Revenue – Total Expenses)/Total Revenue As you know profit can be elusive. It’s important to know as much as you can about how to look at the numbers to assess true profitability. Net profit margin is something else to look for. Ne...
Tax on Capital Gains
Oct 14, 2016
Are capital gains taxable? Yes, in some circumstances they are. For example, if you buy a property with the intention of selling it for a profit, regardless of how long you have had it, that profit is taxable. We noted an article in a national daily paper dated 13 July concerning interest-onl...
Setting the record straight
Oct 21, 2016
Inland Revenue have signalled they will be looking at businesses’ record keeping systems. Key targets will be that all jobs and all income are being recorded and that GST is being handled properly. Recent prosecutions indicate that PAYE records are another hot topic, along with the corresponding...
Enforcing employment standards
Oct 28, 2016
It is taking time for the impact of this year’s employment law changes to sink in. Parental leave and the demise of zero hours contracts received a lot of press. Enforcing employment standards has had some coverage but always sounds a bit abstract in comparison. Yet this is an area that seems to...