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News from Lance and the Team at Bennetts Proactive.
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In my role as business consultant for clients, I often come across inspiring stories of creative initiative, boundless motivation, or even astounding genius. In our community, I feel that we could perhaps do more to celebrate the business successes of our people, and in sharing these stories, inspire others to also achieve great things. This issue we look at Rosemarie Turley and the team at Next Door Realty (see story below), where passion for people and property is not just in personality, but bound in the very foundation of the business model. Enjoy the read, as well as news and views from us.

Lance and the team

Meet the lady Next Door

From an interview with Rosemarie Turley, Part Owner of Next Door Realty.

Rosemarie Turley starts by apologising for her lack of voice. She has had none for the past couple of days, but she assures me it isn’t catching. Indeed, as the meeting progresses, it is clear that the only thing about Lance’s client that is infectious is her bubbling enthusiasm and passion for people and property.

 

News good and bad in this year's budget

As usual, there were the normal platitudes about a business friendly tax package and SME’s tax simplification in the new budget. Both are over used and under promised political statements. However, there is both good news and bad in the 2016 budget.

 

What to say to the IRD

Following the budget, the IRD are surveying taxpayers to try and work out what people think will be useful improvements to the tax system going forward. We have had a number of clients asking us why they have been selected and what we would like them to say.

 

Cover yourself with audit insurance

It’s now 12 months since we launched Audit Shield Insurance. This is a tax audit insurance which covers the professional fees incurred from an official audit instigated by the IRD. Over the last 12 months we have already made two claims on behalf of clients with this insurance, saving an average of $750 in fees to respond to IRD questions. The number of claims is likely to increase with the random way the IRD are now selecting entities and individuals to audit. Find out how you can protect yourself.
 

Arrested over a student loan. Is the government playing fair?

There was a much publicised case earlier this year in which a man was arrested over outstanding student loan repayments. Some have cried ‘not fair’, but the point is, fair on who? 

 

Records In meeting

Your Records In meeting is a key part of our processes and helps us better understand what has happened in your business in the past 12 months – therefore helping us achieve our targeted four week turn-around of your Financial Statements and Taxation Summaries. Soon you’ll receive our “are you ready” card reminding you that this meeting is coming up, then we’ll be in touch to arrange a meeting time for you to bring your Records In information to us.
 

Meet Alana

Alana is your first stop at Bennetts Proactive, greeting you with a friendly welcome if you contact us in the mornings. Alana recently joined our team after having moved in January from her home country of Australia. Alana has embraced her new life in New Zealand with her husband and two beautiful children.

 

IRD target cash sales

At a recent meeting of Chartered Accountants, it was confirmed that the IRD are actively targeting cash transactions in all types of business. They (the IRD) make an assessment of how much your cash sales should have been and then it is up to the taxpayer to prove they are wrong. If you are unsure of how this might affect your business, contact us for a chat.
 

Outstanding response 

We were encouraged by the number of clients who read our newsletter, and the response to our geography competition was amazing. Yes, Lance and Ange were at Oban Township on Stewart Island. It’s reinforced to us that this is a great way to communicate important information to our clients. A big CONGRATULATIONS to Rob Palmer who won the draw for a bottle of wine by submitting the winning entry.
 

Better safe than sorry.... Check before you buy property

A reminder that there have been legislation changes affecting all offshore buyers and sellers (even if they are Expat’s). Some of the changes also affect NZ residents too. If you are not sure you should ask us, or your lawyer, before you sign a sale and purchase agreement. As is usual with this sort of law change, they have far reaching consequences and not all were anticipated. So it's better to check and be safe, rather than not and be sorry.
 






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BennettsProactiveq · PO Box 32 · Te Puke, Bay of Plenty 3153 · New Zealand

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