financial reports Tag

What are Trustees expected to do? Trustees are expected to know the terms of the Trust and act accordingly, act in good faith and for the benefit of the beneficiaries and exercise their powers for a proper purpose.  Unless specified in the Trust Deed, the Act...

From the 1 April 2022 trusts are required to provide more information on their annual returns for 2022 tax year onwards.   These changes apply to all NZ domestic trusts that derives assessable income more than $200 in a year.   If your trust is non-active, for...

Your Balance Sheet, or Statement of Financial Position, measures the net worth of your business at a point in time and shows if your business is solvent (if assets are greater than liabilities). It details assets, liabilities, and shareholders' equity (funds contributed by shareholders and accumulated...

Your financial reports tell you the story of your business; allowing you to interpret the results of your business activity.  The better you understand your financial reports, the better your decision-making and results will be. We want to share the benefits of understanding your numbers, give...