Smart Logic - June 2009
"BUSINESS MAKEOVER CHALLENGE 2009" Congratulations to iFarm and The Wright Sprouts winners of a 12-week business boost. Hawke's Bay's Business Makeover Challenge 09 expertise team is working with the owners of the Challenge winning-businesses iFarm and The Wright Sprouts for 12 weeks from June 09 through to the Reveal Event on 10 Sept 2009 at the Hawke's Bay Opera House. Walsh & Associates are not your every day Chartered Accountants.  We are business professional with real management experience. That means we don't just know accounting - we know all we know all aspects of business and what it takes to become succesful.  How can your business benefit from smart accounting?  Contact us today - first  consultation is FREE!! ACCOUNTING MADE EASY   improving business performance   maximising profit potential   financial acocunting & management   develop realistic business plans   trouble free taxation & accounting services VAUGHAN WALSH P  06 833 6295   |   027 450 4475 www.walshassociates.co.nz  Online Insurance - www.iprotect.co.nz Call Reece 0508 000 888 DO YOU HAVE A REFERRAL? At Walsh & Associates, we are expanding our database and as such we are seeking to expand our customer base and we would be pleased to hear of anyone you think we should be talking to.... IT'S SIMPLE, SMART AND SECURE Xero is an online accounting system designed for small businesses and their advisors.  For trouble free taxation call us today and sign up for Xero.  TROUBLE FREE TAXATION It is very important that all profits derived from a business activity are treated in such a way so as to charge against income the maximum allowable deductions.  We do this by looking at all the issues under the following:    INCOME TAX   GST & FBT   TRUSTS   TAX DISPUTE   PAYE      Jacqui Taylor has a wealth of experience in marketing residential and prestigious properties.  Jacqui has had huge success marketing numerous properties as well as Project Managing many subdivisions. She understands what the market wants and uses innovative thinking to clinch the deal as buying and selling your property is a major life event.  With the backing of Bayleys resources she is unparalleled by any other as is evident in her past achievements and results. JACQUI TAYLOR M  027 238 7759  |  DDI  06 833 5303 NEED A CALCULATOR OR WANT TO KNOW KEY TAX DATES?? income tax calculator? mortgage calculator? kiwisaver calculator? GST, FBT & RWT provisional tax PAYE Visit our website www.walshassociates.co.nz			There wasn’t much happiness in the Budget for us, but here’s some interesting statistics:  4.0% of income tax payers, pay 30.0% of the total take from individuals 21.0% of individuals, pay just 1.0% of the tax take from individuals 241,000 people file Nil income tax returns Interesting stuff…bet you didn’t read that in the Budget, but it was there. Here’s some other interesting stuff that was not in the Budget, but is apparently true for Hawke’s Bay. Hawke’s Bay population grew by 0.1% from June 08 to March 09 Retail sales for the period were 422 million, which accounted for about 3.5% of sales across New Zealand for the nine months House Prices dropped 9.4% over the same period and it gets worse….construction dropped 50.0%, while new car sales fell back by 44.0% Accomodation both in hotels / motels was down, no figures available but we are told it was less than experienced elsewhere in New Zealand Want some more Stats?   The Main Report in its weekly addition for the week beginning 8 June 2009, reported: More than 25.0% of men lie to get ahead at work 51.0% pretend to like colleagues they hate 26.0% have sucked up to their boss…and 63.0% would never wear white socks with a suit “It’s our job to be fair”   Does that slogan have a familiar ring to it? Maybe it should be reclassified to read “It’s our job to be unfair”. Word from sources deep within the Department has it that the IRD is currently undertaking reviews of minors (people aged 16 years and under), where there is a suspicion that the minors income has come from a source with a higher tax rate. Audits to date, typify the following: No opportunity to make voluntary disclosures. Tight timeframes to return information Has allowed minimal or no time for the tax payer to collate and review information Moral of the story….Nothing is safe from the IRD Don’t quote us but perhaps with falling tax takes, depreciation is being read as desperation. The IRD recently issued an adjudication on the acquisition of land. It said in brief “…land acquisition is when settlement occurs…” Common Law (which we all followed including the IRD up until now) says “…land acquisition is when a contract goes unconditional…” imagine the fun that would cause with GST. This is not the law and is merely an adjudication, so beware that any answer you seek from the IRD may fly in the face of Common Law. This month's business introductions are.... Nestled away in the heart of the newly developed Ahuriri shopping area is a quaint, intimate bistro environment offering an extensive menu of general fare, specialising in pasta, platters and gourmet pizza. Three Doors Up has been operating for just over a year and with our small, dedicated team we boast a combined 80 years in the  hospitality industry. We pride ourselves on our excellent service and we are confident that if you seek out this little destination you will leave, so glad you did. Fresh, good quality product at affordable prices An extensive, unique wine list with NZ wines Private and sunny courtyard garden Ideal environment for group bookings An owner/operated business - we will cater for your specific needs ... Stand on the corner of Bridge and Waghorne Streets and look ...  “Three Doors Up” !! Open Wednesday to Sunday Brunch/Lunch from 10.00am – 2.30pm Dinner from 5.30pm til late 3 Waghorne Street, Ahuriri, Napier P  06 834 0835  |  E threedoorsup@threedoorsup.co.nz   HAYTER & FLEMMING was formed in the early ’60’s, yes LAST CENTURY!  Now spearheaded by the 2nd generation.  Hugely experienced in all facets of signage, delivering timely and cost effective solutions, to a wide range of clients needs over this period.  At HFSIGNS you deal directly with the Principals, whose  reputation is second to none for service reliability and integrity.  Check out our website www.hfsigns.co.nz for a fuller description of our range of services or call Aaron, Ledlie or Ian today. Conveniently situated at 29 Austin St Onekawa Napier P  06 843 7755