Companies Office Change Afoot (Pub: 16 Jul 2008)
From 1 July 2008, the Companies Office are only accepting online filing of most documents including approval of name, new incorporations, annual returns and changes to company details on the register.
Costs are as follows:
Cost
Name Reservation $ 10
Company Registration $ 150
Annual Return and filing changes online Free
more details
|
Company Sponsorship (Pub: 16 Jul 2008)
Sponsorship is a common means of providing cash and goods or services to a charitable organisation. By getting something back in return, such as naming rights or recognition, the company should obtain a tax deduction.
more details
|
Company Structure (Pub: 15 Sep 2009)
Thinking of starting up a new company? Get it right at the beginning. There are many ways to set up in trading. Here are just a few thoughts to get you thinking...
A Company is a company – LAQC and QC are tax status descriptions only.
more details
|
COMPANY TAX LOSSES CARRIED FORWARD (Pub: 10 Jan 2007)
Where a company makes a loss for tax purposes, this loss may be carried forward to subsequent years until such time as the loss is fully offset against future profits. This can be particularly advantageous as many companies make losses in the early years and eventually becomes profitable. In simple terms there must be a continuity of shareholders when a company seeks to carry forward a loss from one year to the next. The continuity level is set in the Income Tax Act at 49% or more of the company
more details
|
CONTROLLED FOREIGN COMPANY (Pub: 10 Jan 2008)
The underlying purpose of the Controlled Foreign Company (“CFC”) regime is to tax income received by New Zealand residents from companies located in overseas jurisdictions that are predominantly owned by New Zealand resident shareholders.
The CFC regime, along with the Foreign Investment Fund (“FIF”) regime (discussed in the May/June TTBE publication), are integral regimes in New Zealand’s International tax rules.
more details
|
DIFFERENTIAL VOTING RIGHTS (Pub: 10 Jan 2008)
In this article we will look at the ability of a company to issue different classes of shares carrying different voting rights in the company. We will look at arrangements that may be used to provide different classes and differential voting rights and the advantages and disadvantages of doing this. We will identify provisions in the Companies Act 1993 and the New Zealand Stock Exchange listing rules that deal with differential voting rights and summarise the New Zealand position.
more details
|
HOW MUCH IS TOO MUCH FOR A SHAREHOLDER EMPLOYEE SALARY (Pub: 10 Jan 2008)
Contrary to popular belief there are limits on the salaries that closely held companies may pay their shareholder/employees. There is a tax risk where closely held companies pay excessive salaries to their shareholders. This concern is particularly relevant for companies that derive passive income such as rents or dividends since the time spent in deriving the passive income may not justify a significant salary deduction.
more details
|
IMPUTATION CREDITS– USE THEM OR LOSE THEM (Pub: 10 Jan 2008)
Under the imputation regime, imputation credits, which arise from income tax paid by a company, are of significant value to the company and its shareholders.
more details
|
Imputation Credit Accounts (Pub: 16 Jul 2008)
Please advise exactly how the imputation credit account works and how does it impact on Income Tax? What is the imputation credit account – in simple words how does it work?
Our answer appears at the bottom of this article. For those who are familiar with the imputation credit account and how it works, we first set out some changes that have recently been introduced.
more details
|
Is your Shareholder Agreement a Ticking Time Bomb? (Pub: 4 Feb 2009)
Shareholder agreements between the enterprise owners, and sometimes the enterprise itself, often seek to establish the mechanism for the transfer of ownership interests. They range from the pre-emptive clauses contained in a company’s constitution to valuation clauses contained in specific formal agreements. Properly drafted, they should help to ensure an interest is transferred efficiently and effectively. However, from Grant Thornton’s involvement in many share and business valuations prepared under such agreements, the way in which the valuation clauses are drafted often delivers agreements that hinder, rather than help, the transfer process.
more details
|
Liquidation Not Possible if Company Removed from Register (Pub: 11 Jan 2008)
The Companies Amendment Act 2007 came into force on 19 September 2007. This repealed section 327 of the Companies Act 1993 which allowed, in effect, the liquidation
more details
|
Registration requirements of overseas companies (Pub: 25 Feb 2008)
What is an overseas company?
An overseas company is defined in the Companies Act 1993 as a body corporate that is incorporated outside New Zealand.
When should an overseas company register in New Zealand?
more details
|
Responsibilities of Company Directors (Pub: 10 Jan 2008)
We received an interesting query from a customer who queried the responsibilities of directors in small and family owned businesses, particularly in times of poor management or poor financial performance, or when issues of ownership and succession are prevalent. We have collated material on the subject which we believe provides a reasonable overview of directors’ responsibilities which we trust answers these questions.
Unless otherwise stated, all references in this document relate to the Companies Act 1993.
more details
|
WHAT ARE THE BENEFITS OF A QUALIFYING COMPANY (Pub: 10 Jan 2008)
Qualifying companies are an increasingly popular business vehicle for many small to medium size New Zealand businesses. Why is this?
more details
|
Business Help Center
