Risky business: pre-purchasing goods in exchange for vouchers Have you recently purchased a gift voucher for a loved one? Have you ever made travel plans in advance and received vouchers redeemable for tours and accommodation? Have you ever pre-bought vouchers for experiences such as a hot air balloon ride or a round of mini ... read more.
How business restructure may create tax advantages If the process is handled properly, solvent companies undergoing restructure, merger, and/or acquisition may see some tax benefits. An important issue to focus on during business restructure, merger or acquisition is ensuring no associated person capital gains arise. As it is common for existing companies to ... read more.
Five year review (2011 – 2015): insolvency statistics Grand total Administration – 57 Liquidation – 12391 Receivership – 954 Total – 13402 What are the important trends in the numbers over the past five years? The volume of appointments is lower than it was pre- global financial crisis. Certain ... read more.
Racing to the market: the automobile industry revs their engines Driverless cars were all the rage at the Consumer Electronics Show in Las Vegas earlier this year, where more than 100 tech companies showcased their latest developments. Tesla, Kia, Ford and Google all promoted their latest advances towards the goal of an autonomous car. ... read more.
Insolvency Statistics – November 2015 September, October & November Comparison of Insolvency Appointments 2011, 2012, 2013, 2014 & 2015 What are the figures showing? There were 205 insolvency appointments in November 2015 which is down from the previous four years. There were 6 receivership appointments, 199 liquidations recorded and no ... read more.
Barfoot & Thompson’s average selling price of $876,075 in November was up 4.2% compared to October’s average price of $840,402. Last year, the average selling price was just $756,909 in November, meaning the average selling price rose by $119,166 (15.7%) in just 12 months. The median price of $795,000 over the past month ... read more.
The holidays are meant to be a time of relaxation and fun; a time to be enjoyed. So make sure to prepare as much as possible so you can transition smoothly from the office to the beach. Without any further ado, here are Gerry Rea’s 3 tips to prevent holiday business bother: ... read more.
Chartered Accountants Australia and New Zealand (CAANZ) and the Restructuring Insolvency and Turnaround Association of New Zealand Incorporated (RITANZ) have agreed to introduce a self-regulatory regime to improve and enhance the ethical standards and professional competency of insolvency practitioners in New Zealand. In accordance with the RITANZ Rules, members accepting regulated insolvency engagements after ... read more.
Insolvency Statistics – November 2015 August, September & October Comparison of Insolvency Appointments 2011, 2012, 2013, 2014 & 2015 What are the figures showing? There were 192 insolvency appointments in October 2015 which is down from the previous four years. There were 4 receivership appointments, 187 liquidations recorded and 1 ... read more.
Recently, a group of Swiss fund managers made comments about the global monetary system, calling it “fragmented” and in dire need of a revision. The solution to the problem they propose is the introduction of a global bank and one world-wide currency. From a general perspective, a single global bank and a world ... read more.
