Assistance with company governance and administration, including providing professional and independent directors.
The role of external company directors is to:
These appointments are valuable where stakeholders appreciate the benefits of a professional and independent board member who can provide specialist skills in all of the above areas.
It is important to be aware that, despite not being involved in the day to day management of the company, directors can still be subject to prosecution, fines and even imprisonment if there are accidents or financial issues. Because of this, being a director means that there should be active engagement and commitment of time to ensure that the director’s duties are properly carried out, matters are fully considered and risks are properly managed.
All New Zealand incorporated are required to have at least one director who is either living in New Zealand or living in Australia and is also a director of an Australian company.
If you represent a New Zealand company that requires a New Zealand resident Director we would be happy to discuss taking on the role. In that case, one of our Directors would become a Director of the company, enabling it to comply with this requirement.
Company Directors are just one part of company governance. As companies grow in size, demands increase from stakeholders, financiers and regulators. The design of appropriate governance structures to support business owners and operational management is therefore vital. Key points to be decided when reviewing governance matters include:
Advisory board members generally operate as mentors, and may attend Board meetings as an independent advisor to a Board.
It's not just the annual return! Any time there are changes in ownership, directorship or many other matters, Companies Act requirements must be met. The administration requirements for New Zealand incorporated companies have increased over recent years, as have Companies Office policing of those requirements and their willingness to penalise company directors for non-compliance.
Baker Tilly Staples Rodway is a safe pair of hands who currently handle company administration requirements for hundreds of companies.
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Support for all stages of the process when you are looking to expand by acquisition.
Providing expert opinion, economic loss assessments and other support for litigators.
Are you a sole trader or a contractor? As your business grows, you may find that you need to employ staff and take on a more sophisticated structure. A company structure can provide many benefits and allow you to scale up your business.
Financial budgeting is regarded as the backbone of sound financial management for businesses of all sizes, and can guide your business to meet its financial goals and objectives.
A love of plants is what led Hawke’s Bay husband and wife Gillian Thrum and Phil Carson into business 26 years ago.
The word “tax” typically isn’t music to anyone’s ears, but there is a tax that makes our lives easier. We’re talking about provisional tax, which lets us spread our income tax payments across the financial year, rather than make one crippling payment at the end.
Late last week, the government announced changes to the tax Bill now working its way through Parliament. This bill is bringing in the new trust tax rate of 39% with effect from 1 April 2024.
With 31 March approaching, it is the ideal time to consider tax issues and, where available, planning opportunities. Key matters are outlined below.
Are you thinking about a career with us as an auditor? Baker Tilly Staples Rodway Hawke’s Bay senior auditor Grace Wang details what a typical day looks like in her role…
With National having promised to repeal the platform economy GST rules (the so-called “app tax”), it came as a surprise to many when late last year, the incoming coalition government indicated they would not repeal the “app tax”.
The DIY Kiwi mindset and ease of use that comes with accounting software has led to many business owners taking care of the bulk of their compliance needs themselves.
We’ve been named Number 26 on a list of New Zealand’s top 100 grad employers. The recognition comes from Prosple – an international job platform for university students.
Employers will be subject to minimum wage increases from April this year.
In February, Inland Revenue released a rare “General Article” in relation to the planned increase of the trustee tax rate to 39%. The government is now proposing a two-tier system that would allow some trusts to remain at the 33% tax rate.
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