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Wolters Kluwer CCH NZ
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Wolters Kluwer CCH NZ's posts

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CCH/TEO Question and Answer of the Week: http://ow.ly/5tOK305UnQN

An individual has died and left $5,000 to several charities in his will.
Will these qualify for the donations rebate? To read more, visit: http://ow.ly/5tOK305UnQN
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CCH/TEO Question and Answer of the Week: http://ow.ly/Cj6G305C9kC

An individual is in the process of incorporating a company to undertake a business. The shareholder in the company will probably be a trust that the individual will settle. The individual will be a trustee of the trust, a director of the company and the company’s principal employee. To read more, visit: http://ow.ly/Cj6G305C9kC
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CCH/TEO Question and Answer of the Week: http://ow.ly/LThx305erEj

A company has three shareholders who hold the shares in a 40:40:20 ratio.
The company has significant tax losses. The two 40% shareholders have financed these losses by making advances to the company. One 40% shareholder, who is an individual, wants to capitalise some of his advance to the company. The other 40% shareholder has also agreed to capitalise an equal amount of its advance. To read more, visit: http://ow.ly/LThx305erEj
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Samsung Galaxy recall prompts MBIE reminder: http://ow.ly/wnbL3057P2G

The MBIE's Consumer Protection team is reminding people to become familiar with their rights under the Consumer Guarantees Act and offers advice for owners of the ill-fated Galaxy Note7. The website www.consumerprotection.govt.nz offers information on consumer rights and the Samsung recall.
Source: http://ow.ly/wnbL3057P2G
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NZ Financial Markets Law and Practice - Product Update: http://ow.ly/4mX33057IlC

A new commentary chapter has been added to CCH's NZ Financial Markets Law and Practice with an overview of the anti-money laundering laws under the Anti-Money Laundering and Countering Financing of Terrorism Act 2009. This is a topical area of law, with the recent Ministry of Justice consultation on phase two of the legislation (which will bring lawyers and accountants into the AML Act regime). The commentary has been written by legal and compliance consultant, Sara Bruce and edited by Nicky Won. For more details: http://ow.ly/4mX33057IlC
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iTrust - Tip of the Month is designed to help you get the best out of the operation of the iTrust cloud based software. And don't forget to check out the New Developments section for news on upcoming new feature releases! http://ow.ly/tRsY30539YL
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CCH/TEO Question and Answer of the Week: http://ow.ly/3yl83050HXN

A tenant company and its landlord signed a standard Auckland District Law Society (ADLS) lease. The lease term has expired and while it is in the state of holding over tenancy is on a monthly basis. The tenant company’s two shareholders, who each own 50% of the shares, are in dispute. Both shareholders provided personal guarantee to the lease. To read more, visit: http://ow.ly/3yl83050HXN
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Cloud storage and software systems are an increasingly common alternative to in-house data storage and software storage. The advantages include flexibility and cost. However, these advantages must be balanced against privacy/confidentiality obligations and the need for certainty that stored documents will retain their original form and content. Download our white paper Checklist and Guidance Notes Regarding Cloud Storage of Trust Documents: http://ow.ly/j8c2304RpiM
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Review of credit reporting law:
The Privacy Commissioner has released a discussion paper on the success of positive credit reporting, which displays more complete information about an individual’s credit commitments than negative reporting (which only shows when individuals have defaulted on their credit obligations). The deadline for submissions is 16 December 2016. Source: http://ow.ly/1MnF304RhUX
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CCH/TEO Question and Answer of the Week: http://ow.ly/M7ZK304M7KC
A husband and wife partnership operates a takeaway outlet. The partnership employs the partners’ two children, both under 14 years of age, in the takeaway business. Each child earns less than $2,340 per annum. To read more, visit:http://ow.ly/M7ZK304M7KC
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