Hawke's Bay

Following on from our 09 November article about cryptocurrency, specialist Matt Shallcrass takes a deeper dive into the intricacies of how crypto assets are taxed in New Zealand. . .

From our whānau to yours, a sincere thank you for the opportunity to do business in 2022. We wish you an enjoyable, well-earned break over the festive season, whenever your holiday begins.

There aren’t a lot of successful voluntary administrations when New Zealand businesses are struggling, but occasionally one of them lives to fight another day. One such business – StretchSense, came under the guidance of Baker Tilly Staples Rodway.

The changing interest rate environment has seen Inland Revenue needing to act, with both the FBT interest and Use Of Money Interest rates increasing.  In addition, IR has updated commentary on payments to private schools, charities and buildings, all of which have broad interest.

As 2022 wraps up, it is timely to reflect on the year and plan our human resources considerations for 2023.

Amid the talk of economic headwinds and a tough operating environment for businesses in New Zealand, there are some incredibly positive signs. Recently we've seen an increase in the number of businesses we're helping set up on New Zealand shores.

You might be in business, but are you following best practice? Michelle Valler is a Business Advisory Services director at our Hawke’s Bay office and today she gives tips on good governance, gross profit benchmarks, forecasting, the benefits of having a good advisor, and more.

Have you bought crypto or are you wondering what it’s all about? Baker Tilly Staples Rodway Christchurch cryptocurrency specialist Matt Shallcrass was recently interviewed by Julia Malley, from crypto and bitcoin trading platform Dasset. Below, we’ve summarised what he had to say about the volatile but fascinating “crypto space”.

Last week, Christchurch director Dorian Crighton appeared on “The Real Solutions Business Podcast” presented by Godfreys Law business owner Brad McDonald. The pair spoke about the 2023 landscape for small businesses and provided some advice for the months ahead. Here’s a summary, abridged and edited for length.