One of the most predicted changes the Budget introduced was a change to the trustee tax rate. As soon as the top marginal income tax rate increased to 39%, it was a forgone conclusion the Government would alter the trustee tax rate too. The only matter the jury was out on, was the timing. Clarification […]
If you’re asking where your slice of the Bread & Butter Budget is, you’re not alone. Primarily, business per se weren’t the recipients of much Budget assistance. Those two thirds of the SME Community polled pre-Budget release certainly didn’t have their expectations dashed. That in itself was hardly surprising, given this was a Budget presented […]
New Reporting Regime Now that we are completing Financial Statements and Tax Returns for clients for the 2022 financial year it’s appropriate to remind you of the increased scrutiny Trusts are receiving from the Commissioner of Inland Revenue Department (IRD). We informed you this would occur back in October 2021. Under the new reporting regime […]
This article is the last in the series of three which discusses estate planning. Our first two articles concentrated on Powers of Attorney and Wills. This article specifically canvasses the value of a Memorandum of Wishes and the types of provisions typically found in such a document. Read on to establish if you need a […]
“What you leave behind is not what is engraved in stone monuments, but what is woven into the lives of others.” Pericles, a Greek Statesman and Legislator was the orator of this insightful quote. He implicitly understood legacies, especially those founded in political power and worldly goods, could be used to benefit and progress society […]
Introduction If nothing else, the past 18 months has taught the world we are not invincible and planning in key. Part of personal planning is ensuring your estate matters are in order. This means your affairs are well documented, permitting a smooth transfer of assets to your heirs and avoiding unnecessary time and trouble being […]