INSIDE THIS EDITION Corporate governance for small businesses 1 Court case - tax avoidance arrangement 2 Generation Z – our future workforce 3 Property sales - business premises exclusion 3 Snippets 4 Wacky business ideas 4 Times are changing 4 Corporate governance for small businesses Good corporate governance is often viewed as important for large companies with an established board of directors. However, the principles that underpin good corporate governance can benefit an

Family Trusts are used widely in New Zealand; often being viewed as beneficial for asset protection and to keep assets in the family for future generations. A reason for their popularity has been the relative simplicity of the legal and tax regime. However, the rules are evolving. In addition to the widely publicised re-write of the Trust Act, Inland Revenue (IRD) has issued a recent clarification in relation to whom is classified as ‘settlor’ of a Trust. The settlor is g