The Accounting and Tax Seminar went successful. Thank everyone for your time to attend. It was nice to make new friends and exchange ideas. It was a very brief  presentation about the Tax entities in New Zealand, and the Tax type analysis, each individual slides would worth doing a separate seminar for.

But the time was not allowed, therefore, please keep an eye on our website for future seminars on the breakdown of the interesting topics, and if you would like to learn other topics, please drop me an email or call me so that I can prepare for the next session.

Again, thank you for coming on last Saturday, and I was so overwhelming by your attendance.

Jerry Li

Presented by:

Jerry Li - Director and Founder of BNL Consulting. Jerry is a Chartered Accountant (CA) of the New Zealand Institute of Chartered Accountant; he is also a registered CA Mentor with more than 8 years of Chartered Accountant experience. He has extensive experience in Accounting, Tax and Business Consulting in different areas of the business in New Zealand. He also held a Master Degree in Taxation with 1^st class honours. His specialty is Taxation including, IRD Review and Audit, Disputes Procedures and Tax Compliance.

Outcome to achieve

After the seminar you will have a brief understanding of the New Zealand Tax and Accounting System including the following:

• New Zealand Business Structures you can use to do Business: Sole Trader, Partnership, Company and Trust
• Comparing each entity and understand the advantages and disadvantages;
• How to choose a suitable business structure under your personal circumstance;
• Ways to bookkeeping
• New Zealand Taxation Compliance, what you need to do in terms of Tax? GST, PAYE, Income Tax, etc
• Company Formation Requirements

Time: 2pm – 3:30pm

Date: Sat, 13 April 2013

Phone: 0800 222 TAX

Venue: Room Whare Wanganga on Level 2,

Auckland City Library

44-46 Lorne St, Auckland.

RSVP: Before 29 March 2013 to Joe@bnlconsulting.co.nz

On 8 December 2012, we were very honoured to hold our clients’ Christmas Function at the famous Sky Tower Observatory Restaurant. We appreciated your support and loyalty for the past few years, without you we were unable to achieve as much as what we have today. In the year 2012, there were many things happened at BNL, we had a new member join us from Sep 2012, Joe Li, he graduated from Massey University with Bachelor of Accountancy, he works in our Business Advisory Division.

We are also developing two Service Divisions: Business Sales and Purchases Appraisal and Insolvency in the next 2 years, we are aiming to provide our clients the best quality service and comprehensive advice for their business.

Thank you very much indeed. We wish everyone a prosperous year of 2013 and Merry Christmas and Happy New Year!

Nature of structure

• Assets protection from creditors
• Fiduciary relationship
• Trust deed, settlor, trustee, beneficiary, trust property
• Governing law – Trustee Act 1956, Law of equity •Establishment of trust – intention, subject matter, objects
• Trading trust
• Continuity – 80 years

Nature of structure

• Separate legal entity from its shareholders
• Governed by the Companies Act 1993
• Name to be reserved, need to file doc. of incorporation with the ROC.
• Must have – a name, at least one shareholder, at least one share, one director, registered address & service address.
• Perpetual existence until liquidated
• Limited liability
• Directors – responsible for compliance
• New shareholders and sale of shares •Cessation- IRD VS ROC
• Assessment – must file a tax return
• Losses carried forward except LTC co.
• Contributions – capital by way of shares LTC – Personal liable for co. income tax