"There is only one thing that makes a dream impossible to achieve: the fear of failure."- Paulo Coelho, Author
Setting your 2024 Goals
Map out your success and set up your 2024 business goals with DVA Business Planning Service.
Key Points from the Recent Tax and Income Relief Announcement
Finance Minister Nicola Willis announcement about time-critical tax and benefit changes.
Economic Trends to Help Your Business Plan for 2024
When planning for the year 2024, it's important for you to become aware of the trends that could impact your business.
Special Children's Christmas Party 2023
We're honored to be a part of the SCCP Christmas Party 2023. Watch the event highlights and get to know more about the organisation.
Setting Your 2024 Goals
New Year is always a good time to pause and reflect on your current position and also start planning your business goals for the year ahead. These goals can serve as a roadmap for success, providing direction and motivation for business owners, whether it's focusing on practical improvements, like getting paid faster, or aiming for more ambitious objectives like business expansion and creating more personal time
Key Points from the Recent Tax and Income Relief Announcement
Finance Minister Nicola Willis announced time-critical tax and benefit changes and here are some of the keypoints:
Brightline test for residential property back to two years from 1 July 2024. Removing this effective capital gains tax means that properties sold after 1 July 2024 will only be subject to the rule if owned for less than two years.
The government is committed to fully restoring interest deductibility for rental properties. Details of the phasing of this commitment will soon be announced.
The government is working towards delivering further income tax relief in Budget 2024. This includes considering design and implementation advice for the delivery of the proposed Family Boost childcare tax rebate, and for delivering income relief to workers and their families.
Work is ongoing to fulfill the commitment in the ACT-National Coalition Agreement to consider the concepts of ACT’s income tax policy as a pathway to delivering National’s promised tax relief, subject to no earner being worse off than they would have been under National’s plan.
Index main benefits to CPI inflation from 1 April 2024. This change will protect the real incomes of benefit recipients while putting the benefit system on a more sustainable footing.
Economic Trends to Help Your Business Plan for 2024
If you're in the midst of strategising, it's important to take into consideration the emerging economic trends that could potentially shape the performance of your business:
Inflation rates are expected to reach their peak, but it's still possible for inflation to remain higher than normal. Small business owners should not anticipate lower interest rates in the first half of 2024. Depending on how inflation data unfolds, they may even need to patiently wait until early 2025 to witness signs of lower rates in some countries.
Finding staff should become a bit easier. If the job vacancy-to-unemployment ratios continuously decline in 2024, as labour markets rebalance, small business owners looking to hire should start to find it a little easier.
In 2024, the focus will shift from inflation to productivity. According to conventional economic theory, the most productive businesses usually grow the fastest and perform the best. Small businesses should be finding ways to boost productivity by reviewing their processes and finding automation opportunities.
DVA is proud to make a small contribution toward the Special Children’s Christmas Party each year. This wonderful organization creates a truly magical and joyful experience for the children and their families. The event holds significance for us as it aligns with our dedication to making a positive impact beyond our daily operations.
Special Children's Christmas Party is an organisation dedicated to providing a unique and joyous Christmas experience for children in NZ who have special needs, face challenging life circumstances, or have health issues. The organisation was established in 1998, and since then, it has been hosting annual Christmas parties for nearly 10,000 Kiwi children in these situations.
If you're interested in sponsoring an event, visit their website to learn more about their work and how can you be a part of this heartwarming initiative.
