http://www.fivepeaks.co.nz/blog/ The latest Blog feeds from www.fivepeaks.co.nz en-us Sun, 08 Mar 2026 01:54:49 +1300 Rocketspark http://www.fivepeaks.co.nz/blog/post/112785/risk-management--whats-your-plan/ Risk Management – what’s your plan? How do you manage risk in your business? You can’t expect the unexpected, but you might be able to put plans in place to limit risk and strengthen resilience. As a business owner, you are constantly assessing and managing risk, balancing likely costs against potential profit.What constitutes a risk to your business? It could be as straightforward as a tax bill you didn’t expect or as comprehensive as natural disaster. The impact could range from easily... Thu, 26 Oct 2023 14:25:40 +1300 http://www.fivepeaks.co.nz/blog/#post112785 http://www.fivepeaks.co.nz/blog/post/111397/should-you-buy-a-building-for-your-business/ Tired of paying rent for your commercial premises and considering buying a premises for your business?Owning a building works best if your business is well-established, you have money to invest, and you’re taking a long-term approach – it can take many years for this decision to pay for itself.The advantages of owning a commercial propertyYou no longer need to worry about dealing with a landlord. You’re the landlord now, so your lease won’t end and you get to make all the decisions about... Tue, 10 Oct 2023 00:00:00 +1300 http://www.fivepeaks.co.nz/blog/#post111397 http://www.fivepeaks.co.nz/blog/post/111396/how-much-should-you-pay-yourself/ Being the boss means you get to make all the big decisions about your business – including how much to pay yourself in wages, salary or drawings.As the owner, you might need to underpay yourself in the early stages of building your business, so you can reinvest the profits. But your time is valuable – and you need enough money to pay the bills. So how can you find the right level of pay? It has to be enough to keep the mortgage paid, while also building a thriving business.If you’re trying... Thu, 05 Oct 2023 15:03:32 +1300 http://www.fivepeaks.co.nz/blog/#post111396 http://www.fivepeaks.co.nz/blog/post/74656/covid-19-traffic-lights-and-businesses/ The new traffic light system will take some adjusting to, this comes into play at 11:59 pm on 2 December. The following links to an article by the Local Chamber of Commerce, which sets out the requirements for businesses depending on the Vaccination status of Customers and the traffic lights stage.... Thu, 25 Nov 2021 12:44:59 +1300 http://www.fivepeaks.co.nz/blog/#post74656 http://www.fivepeaks.co.nz/blog/post/64839/interest-deductibility-changes-on-rentals-and-6-ways-to-manage-the-change/ Currently when owners of residential investment property calculate their taxable income they can deduct the interest on loans that relate to the income from those properties (claimed as an expense). This reduces the tax they need to pay.... Fri, 23 Apr 2021 09:29:04 +1200 http://www.fivepeaks.co.nz/blog/#post64839 http://www.fivepeaks.co.nz/blog/post/63416/covid-19-wage-subsidy-march-2021/ New Zealand businesses who have had or expect to have a 40% decline in revenue over a consecutive 14-day period between 28 February and 21 March, compared to a typical 14-day period between 4 January and 14 February 2021 (6 weeks before the change in alert levels), may be able to get it.Businesses with highly seasonal revenue will be able to compare their decline in revenue to the same period of 14 consecutive days in 2020 or 2019.This is available to businesses throughout New Zealand.The subsid... Mon, 15 Mar 2021 15:10:29 +1300 http://www.fivepeaks.co.nz/blog/#post63416 http://www.fivepeaks.co.nz/blog/post/63284/covid-19-wage-subsidy/ New Zealand businesses who have had or expect to have a 40% decline in revenue over a consecutive 14-day period between 28 February and 21 March, compared to a typical 14-day period between 4 January and 14 February 2021 (6 weeks before the change in alert levels), may be able to get it.Businesses with highly seasonal revenue will be able to compare their decline in revenue to the same period of 14 consecutive days in 2020 or 2019.This is available to businesses throughout New Zealand.The subsid... Thu, 11 Mar 2021 16:12:38 +1300 http://www.fivepeaks.co.nz/blog/#post63284 http://www.fivepeaks.co.nz/blog/post/63283/second-covid-19-resurgence-support-payment-rsp/ The COVID-19 Resurgence Support Payment (RSP) is now available for business that experienced a 30% reduction in income from the 28th February 2021 to the 6th March 2021. A business or organisation must have experienced at least a 30% drop in revenue or a 30% decline in capital-raising ability over a 7-day period, due to the increased COVID-19 alert level.  This decrease in revenue or capital-raising ability is compared with a typical 7-day revenue period in the 6 weeks prior to the inc... Thu, 11 Mar 2021 15:46:28 +1300 http://www.fivepeaks.co.nz/blog/#post63283 http://www.fivepeaks.co.nz/blog/post/59790/bright-line-ir833-form/ The Bright-Line test applies if you brought and sold a property within 2 years. Any gain less any expenses is taxable and adds to your taxable income in that year.When your annual tax return is completed, you are required to file a IR833 form, gains will be taxed in that year, losses can only be offset against other property gains in that year. The 2 years was later revised to 5 years see the diagram below for the dates. There are a couple of exceptions one is to exclude... Wed, 18 Nov 2020 16:39:48 +1300 http://www.fivepeaks.co.nz/blog/#post59790 http://www.fivepeaks.co.nz/blog/post/59606/small-business-cashflow-loans--changes-announced-nov20/ IN BRIEF The Government announces a three-year extension of the application time for the Small Business Cashflow Loan Scheme, and a doubling of the interest free period.Applications for the scheme were due to close at the end of 2020.Other changes include repayment provisions and what loans can be used for. The first Cabinet decision of the new Labour Government was a three-year extension of the Small Business Cashflow Loan Scheme, and a provision of up to two years interest free, to support sma... Fri, 13 Nov 2020 08:39:30 +1300 http://www.fivepeaks.co.nz/blog/#post59606