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Please don't give us a Xmas Gift

Yes you read that right. Please don't give us Xmas gifts. We have everything we need.

Since 2003, we have been giving donations to charities instead of gifts to our clients. This year we are giving to Auckland City Mission and The Salvation Army. Both charities help bring Xmas joy to people in need.  

Christmas is a time of stress, struggle and sadness for many people. Some can't feed their families or buy toys for their children. Some are homeless. 

If you are thinking of buying us a Xmas gift, don't. Instead, please donate to one of the many charities helping families this Xmas.

Trustees need to manage beneficiaries' expectations on what they are entitled to from the trust and how and when they will receive it. 

Trusts can make income distributions, capital distributions or loans to beneficiaries. Read more…

Changes Coming to Family Trusts

Do you have a family trust? Thinking of forming one as a way to future-proof your assets for you and your children? The Trustee Act is getting a makeover. While there are still a few parliamentary hurdles to jump, now's the time to get your head around what the new bill will mean for you and your business.

In a nutshell
A new Trusts Bill was introduced to Parliament in August 2017 – the first big change to New Zealand's trust law in more than 60 years. With up to 500,000 trusts operating in our country, they are an essential part of our legal system but the current legislation is no longer cutting it. Read more…

Profit - the nuts and bolts

When you look at your accounts, can you read your profitability? Here are some things to look for.

Gross profit

Gross Profit = Net Sales – Cost of Goods Sold

Gross profit is the difference between revenue and the cost of goods sold (or services provided). It appears before administrative expenses and general overheads are accounted for. Ideally, gross profit covers your overheads as well as generating your targeted profit, your net profit. Read more…

What shape are your end-of-year accounts in?

The end of the financial year can be either stressful or a seamless part of what you do. Ideally, your end-of-year accounts will confirm what you think your business has been doing for the past 12 months. Read more…
Audit reviews by Inland Revenue (IR) can happen to you at any time and can result in unplanned professional fees. If you want a way out then make sure you have Audit Shield Protection so it can pay the fees for you. Read more…

New law will make dirty money easier to spot

Money laundering is big business in New Zealand. Every year $1.35 billion of fraud- and drug -related money is laundered through seemingly legitimate businesses. In response, the Government introduced specific Anti-Money Laundering and Countering Financing of Terrorism legislation to address this risk. Read more…

Presents and parties - getting the tax right

Are you planning a Christmas event for your clients? Is gift-giving on your to-do list?

Take a minute to refresh yourself on what is deductible as a business related expense. Read more…

IRD has good news and bad news on FBT

You may provide company vehicles to some employees. In some cases, the vehicle is a work tool – for example, a ute for a project manager. In other cases, it is part of a salary package.

Whatever the reason, Inland Revenue has good news and bad news. Read more…

New Zealand trust law to be overhauled

Parliamentary plastic surgery is in store for the Trustee Act, to make trust law easier to access and understand.

On 1 August, Justice Minister Amy Adams introduced the Trusts Bill to Parliament. This will be the first significant change since the introduction of the Trustee Act 1956. Read more…

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  • Raymond Khouri Chartered Accountants

    Office Location: 3 Owens Road, Epsom, Auckland 1023, New Zealand
    Postal Address: PO Box 28898, Remuera, Auckland 1541, New Zealand
    Email: ray@raymondkhouri.co.nz

    Phone: +64 9 368 4712
    Fax: +64 9 281 4580
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