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Trusted advisers of all tax compliance and annual accounting issues facing both individuals and small businesses.

…..and diversify, diversify, diversify

Source:DFA Australia Ltd

Here’s how a map of the world would look if you sized each country, not by land mass, but according to the relative weighting of its share market in a global context. The idea here is that in deciding where to invest around the world it is easy to be swayed by each country’s economic output, the size of its population or some other statistical measure or how much column space they get in the media. But the dimensions of the individual economies are often unrelated to the pool of investment opportunities in each country. That’s because capital tends to flow to the areas offering the greatest expected returns, after adjusting for risk.
The message from this slide is the need to maintain a disciplined, strategic approach to how you allocate your international assets and to base your decisions on the investment opportunity, not the size or importance of the economy. Of course, the investment world is in motion, and these proportions will change over time as capital flows to markets offering the most attractive returns.

I would like to confirm that Garry Hughes has been my accountant for some years now and I can honestly say that I would not consider changing accountants under any circumstances. I am a USA Citizen having retired to New Zealand, therefore I require both a USA tax return completed every year as required by Congressional law and a New Zealand tax return completed every year as required by New Zealand tax law. Obviously this becomes quite a professional understanding by Garry as to what must be reported by each country and the dead lines for reporting and paying. Garry Hughes always performs a totally professional task and I have to say that I have not run into any problems with the work Garry does. I would not consider another accountant.
W. Bruce Johnson

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Heavy fines for lack of employment records

Posted on December 7, 2018 by BDS Hughes

Employers must keep complete and accurate records of their employees to avoid severe fines. Remain compliant with the Employment Relations Act 2000 and the Holidays Act 2003 and follow the checklist given below. As an employer you must: Be able to show you have paid your employees all minimum employment entitlements like the minimum wage rate and four weeks’ annual holidays Keep records with the name, age, address, and date employees started working, what their job entails, public holiday payments and tax declarations Keep records for seven years even if they have left Ensure all employees have complete and current […]

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