With cases of Omicron on the rise we wish to remind you that your business may be eligible for COVID financial support.

One aspect of business that really comes to the fore in uncertain times like these is leadership.  A good leader can influence and guide individuals, teams, and whole organisations to achieve common goals.  

What does leadership look like in your business?  As a business leader do you practise the four quadrants of leadership?

PKF Carr & Stanton are excited to be involved with innovative businesses and entrepreneurs.  One such entrepreneur is Ross Beaton, founder of The Apple Press and now co-owner of Boring Oat Milk.

Now that we have moved into the COVID Protection Framework (traffic light system) there are still some COVID-19 support options available to financially affected businesses. 

If you are a trustee, you will be aware that there have been several legislative changes during the year regarding New Zealand Trusts.  Our previous newsletters have provided information around the new Trusts Act 2019 and in particular, trustee obligations and the new rules around disclosure to beneficiaries.  As well as these changes, the Taxation (Income Tax Rate and Other Amendments) Bill was passed - the top personal tax rate increased to 39% and new financial reporting requirements for trusts were introduced.

Gifts to staff:

Given the challenges that many have faced during this last year, you may be looking to reward your staff this Christmas time.  Whilst Christmas gifts are a lovely way to show your appreciation, please remember that they may be liable for fringe benefit tax (FBT) or PAYE.