Applying the law to find innovative solutions to tax problems
Very few organisations have the interest in tax or the capacity to deal with it on a day-to-day basis. However, the tax laws under which we all operate can provide a huge benefit beyond simple compliance.
From large corporations to small family businesses – and every type of entity in between – advantages exist in the form of cloud accounting, profit sharing, tax pooling and many other innovations. What’s more, tax plays a large part in major business transactions, as well as in everyday operations, transformation projects and when looking to get the most out of your workforce. In short, there’s hardly any part of business that tax doesn’t touch, so it pays to get it right.
That’s not always so simple for New Zealand businesses. Complex tax laws on things like GST, Customs and Excise and International Tax are constantly being tweaked and refined. You need to stay ahead and make sure you’re finding innovative solutions to tax problems.