Welcome

June 2012 E Newsletter

Welcome to June’s edition of Focus. With most of the budget decision preannounced there were predictably very few surprises. With the ‘steady as she goes’ budget combined with the financial issues in Europe continuing to be unresolved it’s seems everyone is happy to take the wait and see approach to business and investment. With this in mind perhaps you would be better setting some personal goals, like getting fit for Summer (hopefully we will see one this year!). Our client profile for the month, Ludus Magnus, would be the right people to see if fitness is your goal, please read their profile for more information.
We are particularly busy at the moment with year end compliance work, if there is any urgency with your accounts can you please let us know, otherwise we appreciate your patience.

Removal of CGT Discount for non - residents

The Australian Government recently announced that the 50% CGT discount for non-residents will be abolished on any capital gains accrued after 8th May 2012.

The implication of this for us as NZ residents is that we will need to consider the impact of this on any Australian owned assets.

The Budget 2012

Surprise, surprise - we’re in the red!

The world is yet to recover from its prolonged financial crisis but our government is really getting the hang of this scrimping and saving business, walking that fine line between cost cutting and stimulating growth.
With the goal tattooed on Bill English’s forehead: returning to surplus by 2014/2015 - he’s left no stone unturned in his quest, raiding a little bit from nearly every piggy bank, plugging tax loopholes and selling assets along the way.
The majority of us will be affected by some relatively small changes, none of them completely surprising.

Migrants Work Visa Overview

Businesses often miss out on highly motivated and committed migrants who have settled in New Zealand or who wish to settle through an understandable lack of knowledge of immigration rules and processes.
This is not helped by the Immigration Department which is often remote, unavailable and prone to giving inconsistent advice that cannot be relied on.
Many employers throw employing migrants into the ‘too hard basket’ which is a real shame given some of your most motivated and qualified candidates are going to be those from other countries.

Client Profile - Ludus Magnus

Ludus Magnus is more then a Gym. It's an experience.
There are no mirrors, no ego and no make-up. All we do is train to the best of our ability and push each other along.

The classes are full of energy and the workouts are tough but something to be proud of. Everyone trains together here and it's never about winning only about finishing. The essence of what we do lies in the strength of the team.

No one get's left behind and we are proud to be able to say that our members are friends in and out of the arena.