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Latest News / Features

Latest News / Features

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  • Monday March 28

    Let's talk about that time of year again... the end of the financial year (EOFY)

    No matter what your balance date is, all businesses need to go through the same preparations for their EOFY. The more information you are able to provide, the less time it will take your accountant to get your accounts and tax returns prepared, and as the saying goes, “time is money” ..  The following simple steps will make both yours…

  • Monday March 21

    Don't just take our word for it ...

    We have been working with Neil Ivamy for over 20 years and feel very confident that Neil understands our values in business and our family goals.  We have always viewed Neil’s own experience as a business owner/ as showing that he really understands our needs as business owners in practice, not just theoretically.   Neil provides us with business, tax…

  • Sunday March 20

    Common error – claiming GST on FBT

    For those of you who prepare and file FBT returns on behalf of a GST-registered employer, you will be familiar with the GST on FBT adjustment that forms part of the FBT return.   The adjustment itself is straight-forward and involves calculating GST on the gross taxable benefits that are subject to GST, and including this as part of the…

  • Sunday March 20

    Inflation pricing pressures and consumer engagement

    From initial fears of a prolonged economic slump due to COVID-19, the global economy has seen a resurgence led by unprecedented demand. To experience such strong activity following months of lock-down where key industries cut back on activity to reduce costs, a backlog has been created that may take global supply chains years to catch-up. Coupled with skill shortages across…

  • Sunday March 20

    Tax due diligence when buying or selling

    The summer break is a time for reflection on the year that has been. For business owners, this break is an opportunity to evaluate their future strategy and consider whether it is time to exit, or conversely, grow by purchasing someone else’s business. Whether buying or selling, it is a demanding exercise.   A business sale can either be in…

  • Wednesday March 16

    Having a growth mindset will ensure a successful Succession Plan

    You’ve got a successful farming business but what if something happens to you tomorrow – have you got a plan in place? Do you want peace of mind for your family? Have you thought about a succession plan?   You’ve built a successful business with significant assets, knowledge and skills, but how and when do you pass these on? This…

  • Tuesday March 08

    Cyber Security - is your business safe?

    Cyber Security for local businesses   MCI & Associates, with our offices in Dannevirke and Pahiatua, are serious about our security. So much so that we have collaborated with our strategic IT partner, yorb, to implement a strategic Cyber Security plan to help strengthen our internal security parameters. In addition, it was important that our protection extended to our staff…

  • Tuesday March 08

    Is your business structured properly?

    I had some great feedback from a webinar I recently presented on the different tax structures available to businesses. In that webinar I discussed in some depth the main structures used. These are outlined below.   Sole Trader Basically, the owner is the business. There are very low start-up costs involved and no need for any formal or legal registration.…

  • Tuesday March 08

    Financial Assistance for Parents

    Are you expecting a baby, or do you have children already? You could be eligible for financial assistance.   Expecting a child is a very exciting time for parents. But it can also be a stressful time getting all your finances sorted before baby arrives. A very relevant issue for me right now as I am due for my third…

  • Tuesday March 08

    Arrrrgghhhh Payroll!

    As an employer, it’s vital to keep abreast of the changes in the minimum wage and associated rates. On top of that, you also must know the current PAYE, ACC, Kiwisaver, and Student Loan deduction rates. If you don’t keep up to date then you could find yourself in hot water in either an employee dispute or with Inland Revenue, neither…

  • Monday December 06

    Job Vacancy: People and Capability Manager

     People and Capability Manager Are you looking for a newly created role where you can really make your mark? Do you like motivating and leading others to achieve their potential? Come and be a part of our next chapter of growth! Part-time People and Capability Manager role with a staff management and training & development focus   About the role:…

  • Monday December 06

    The Farming Ecosystem

    The Farming Ecosystem This month we talk Agri Tech and what we use here at MCI & Associates to help manage our farming businesses, ensuring we get the most out of our clients’ data and putting that knowledge to good practice.   Building a Farm Ecosystem ensures that you have real time data to make real time decisions. You do…

  • Tuesday November 23

    Self-Employed Meals

    If an individual operates as a sole trader, as opposed to trading through a company, it allows for a simplified structure with fewer formal set-up tasks (and costs) and greater flexibility and control. However, differences can arise in how the income and expenditure of the sole trader are calculated, compared to the company.    Tax-deductible meal allowances are one such difference, where these can be paid by an…

  • Tuesday November 23

    The Ute – Kiwi Icon or Tax Dodge

    Recently, there has been a large volume of media attention, directed to the ‘ute’ and, it has become a focal point of protest action against the Government.    The Government announced the ‘Clean Car Discount’ scheme in June, which from 1 July until 31 March 2022 will see purchasers of important electric vehicles receive a rebate of $8,625 for new vehicles and $3,450 for used vehicles. Purchases of…

  • Tuesday November 23

    New Builds Discussion Document

    Since the Government’s announcement in March, regarding the tax-deductibility of interest on residential investment properties and the extension of the bright-line period to 10-years, investors have been waiting for more detail on the new rules.     On 10 June 2021, Inland Revenue released a 143-page discussion document titled “Design of the interest limitation rule and additional bright-line rules”, which provides further clarification on…

  • Tuesday November 23

    Redefining Succession to Transition

    There is a lot of talk about the aging demographic of New Zealand business owners, and what succession might look like for them down the road. For some businesses, the planning is purely around positioning a business to sell. But for most privately owned businesses in NZ, succession comes with the added complexity of keeping the business in the family.   Families are complex! Nearly everyone in a family will…

  • Tuesday November 23

    Herd it Here

    Welcome to our MCI & Associates Agri Advisory Series, Herd it Here, where we discuss hot Agribusiness topics to help support our community within the Tararua District.     Each month we will have a new topic to break down, and for this month we are all about Lambing. Our Red Meat specialist, Ross Harrington, lends you his experience and…

  • Monday November 15

    He Waka Eke Noa - We must get on the front foot

      Climate change – whether or not you are a believer - is a global issue that is now in our boot room and isn’t going away. In accordance with Aotearoa’s international commitment under the Paris Agreement, we have now committed to halving our current net greenhouse gas emissions by the year 2030. To help meet this target, our primary…

  • Friday October 15

    Red Meat specialist talks Sheep Production

    Today I want to talk about sheep production and what differs between the Top 20 % to the rest.   Given where the Red Meat sector is placed at present with prices being at an all-time high, it’s a good time to look at your Farm Systems to try and capture some of the added value available. We must recognise…

  • Wednesday July 28

    Job Vacancy - Office Administrator

        We have a vacancy for an experienced Office Administrator at our Dannevirke Office   MCI & Associates is an accountancy firm with offices in Dannevirke and Pahiatua. We are looking for an experienced self-motivated person to fill this full-time position at our Dannevirke office. This is a full-time position but could be part-time for a suitably experienced applicant.   The…