RSM New Zealand
Revisions to the proposed Service Performance Standard
26 July 2017

Revisions to the proposed Service Performance Standard

The New Zealand accounting standard setter is in the process of developing a service performance accounting standard for Public Benefit Entities.  In mid-2016 they issued their first cut of a proposed accounting standard seeking feedback.  Based on...
Are you busy?
25 July 2017

Are you busy?

Are you busy doing the right stuff, or just doing stuff?
24 July 2017

Cash flow leads to success

Successful companies treat cash flow as an insurance policy, a buffer.  They have 3 to 10 times the ratio of cash to assets compared to their competition.
11 July 2017

Business vehicles - lease or buy?

If you are considering buying a new vehicle for your business and require finance, you have a choice of two options: to lease or buy the new vehicle.
Foundations & Endowment Funds
6 July 2017

Foundations & Endowment Funds

So you are thinking about establishing a Foundation or an Endowment Fund.  This article takes a look at some of the reasons why, what these terms mean, what’s involved in establishing and operating, some pros and cons, and some other things to think...
5 July 2017

7 July vs 31 March - when is your tax return due?

Did you know that if you use a registered tax agent like RSM New Zealand, you are granted an extension of time to file an income tax return? The most common tax period in New Zealand is from 1 April to 31 March the following year, but are you aware...
26 June 2017

Draft Trusts bill

14 years since a paper called Some Problems in the Law of Trusts was released a draft Trusts Bill has been released for consultation. The draft Bill largely reflects the recommendations from the Law Commission’s review of trust law that commenced in...
wound up trust
21 June 2017

A wound up trust - all you need to know

A trust is wound up (brought to an end) when all of the trust’s assets are distributed to the beneficiaries or to another trust, either directly or by way of resettlement. 
Revenue recognition for your funding contracts
18 June 2017

Revenue recognition for your funding contracts

 The practicalities of non-exchange revenue recognition In 2016, the Public Benefit Entity (PBE) Standards saw the introduction of an accounting framework that distinguished between revenue from exchange transactions and revenue from non-exchange...
1 June 2017

Can you afford to sell?

A "Business Value Gap" is the difference between the value of your business today and what you need it to be at the time of sale.  A shortfall canhave a signficant impact on your retirement plans and may force you to reassess your desired standard...
1 June 2017

Trial balance - Issue 59, June 2017

Trial Balance is the flagship publication of NZ CA member firms and covers a wide-range of articles on all aspects of business and accounting.  The Trial Balance is published quarterly in March, June, September and December Issue 59 - June 2017 In...
31 May 2017

Business as usual for taxpayers

Budget 2017