Surprise, surprise! You’ve read it right! IRD has introduced new financial statement reporting and standards for domestic trusts, which will apply from the 2021-22 income year.
Wellington Accounting Firm: New reporting requirements for trusts
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Surprise, surprise! You’ve read it right! IRD has introduced new financial statement reporting and standards for domestic trusts, which will apply from the 2021-22 income year.
We all know one of the top goals in business is to make a decent profit, but sadly, not all emerge successful in achieving this. If only they knew the secret formula to increasing business profit – also known as the ‘3 Profit Layers’, then the outcome may have been different.
Running a pub or club can be rewarding, but as an owner, you know it requires commitment – especially during peak seasons! During busy periods, pub and club owners often find it difficult to keep records.
Buying a property will always have a big impact on your financial future and it’s important that you make sure you gather all the information you need and perform due diligence before you buy.
Gaining wealth through property flipping can be very appealing but while the buy – renovate – sell game sounds simple, there’s a strategy involved in transforming a dwelling into a spectacular one for a profit.
So, after the pre-purchase stage, contract negotiation and purchase, town planning, development approval, and all that jazz – it’s time to finalise your build plans with your engineer, architect, and accountant.
What’s sets property developers apart from those still dreaming of becoming one, is their passion, commitment, and willingness to get the work done!
We’re back for another instalment of our Property Development Guide, where we give out tips we’ve learned from our years with our property developer clients! If you haven’t checked out the first part, read on here.
We’ve noticed a recent trend in budding developers who are looking for a simple and accessible overview of the property development process.
Do you sometimes drive past a property and regret not buying it when it was for sale several years ago?