Damage to Reputation

Two employment law cases received considerable media attention recently and highlight how employment dispute stories have become very newsworthy. Both involved employers who dismissed employees for reasons either wholly or partly attributable to reputational damage. This should serve as a reminder to other employers to be concerned about the potential implications of this sort of publicity.

 

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Future Tax Changes

The IRD and the Treasury have released a Taxation of Savings and Investment Income report outlining potential tax reforms that could improve NZ’s economic performance. Although changes in the near future are unlikely, it is an interesting gauge of what changes could be made in the longer term. Some notable highlights have been summarised below.

 

CAPITAL GAINS TAX

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Buying a business – warranties and tax

We've written articles before about buying a business. This time we’re talking about a couple of things which should not be overlooked.

 

Warranties

Include in your sale and purchase agreement as many assurances from the vendor as you can. Examples include:

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