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RNZ News
07-07-2025
- Business
- RNZ News
Businesses warned as IRD cracks down
Photo: Supplied Businesses are being urged to get their books in order and be ready to answer probing questions as the tax department increases its focus on compliance. Business consultancy EY said this year's government budget saw an increase to Inland Revenue's (IRD) funding for enforcement, in the order of $64 million, with the intention of boosting collection activities and driving tax compliance. EY tax leader Dean Madsen said the increased funding would likely see increased scrutiny of taxpayers in New Zealand, beyond checking that a tax return is correct. "(IRD) will want to understand how you got there," he said adding that technology, data and processes will be important, as well corporate governance. "Prove that you have a system with the requisite integrity." He said IRD's focus would be go beyond business to include specific sectors such as property, organised crime, the hidden economy and trusts. "The changes could be seen as a warning for New Zealand businesses, who need to be ensuring their tax practices are fully compliant to avoid both the financial implications and the reputational risk of noncompliance," he said. "Businesses should be making certain their tax structuring is adhering to IRD's expectations, auditing previous years, and consistently seeking advice - because, with increased scrutiny from IRD, businesses can't afford not to." Madsen said IRD had a clear mandate to become more active in enforcement, adding the department was expected to eventually generate $8 for every dollar it invested in the process.
Associated Press
24-06-2025
- Business
- Associated Press
Third Partners' Tailored EUDR Consulting Service Eases EU Deforestation Regulation Compliance for Mid-Sized U.S. Companies
MORRISTOWN, N.J. & MINNEAPOLIS--(BUSINESS WIRE)--Jun 24, 2025-- Third Partners, a boutique management consultancy specializing in data management and business performance improvement, designed a simplified process for U.S. companies to comply with the European Union's Deforestation Regulation (EUDR) ahead of the December 30 deadline. The niche: domestic companies exporting wood, beef, soy, packaging and other covered products. This press release features multimedia. View the full release here: Third Partners' EUDR Compliance Risk Dashboard is part of the tailored deforestation risk assessment solution for mid-sized U.S. companies. Clients get a rapid report based on known sourcing data, which is then used to inform the due diligence and compliance process. 'Know your risk, before you ship' is essential for U.S. exporters of wood products, beef, packaging and other covered materials to avoid costly container holds, seizures and fines. Third Partners can run the risk assessment using any level of existing supply chain data that companies have, including supplier lists. The report indicates likely risk hotspots based on the EU definition of deforestation. While it takes some effort to comply, EUDR can create comparative advantages for 'Made in the USA' products by proving products do not contribute to deforestation. The U.S. has been designated 'low risk' and has a vibrant and sustainable forestry industry, strong legal protections, and consumers who value biodiversity. Third Partners' solution adapts to the specific capabilities of each company to solve data gaps, leveraging the latest EUDR policy revisions. Using personalized supply chain data acquisition, GIS mapping, satellite data, and AI-powered analytics capability, their process condenses an otherwise lengthy supply chain traceability and reporting process into a few easy steps. Mid-sized U.S. companies selling covered products to the EU market face stark legal and financial consequences by year-end. 'Companies hoping the EU will further ease these regulations are perilously close to running out of time,' said Adam Freedgood, co-founder of Third Partners. 'The vast majority of U.S. companies can avoid turning EUDR into a trade barrier, and even gain a competitive economic advantage, by tackling supply chain data challenges in-house,' said Freedgood. 'We tailored our EUDR solution to middle market companies telling us they 'just need it done.' If you're large enough to be caught up in EUDR requirements, but don't ship thousands of container loads to the EU there was no right-sized solution until now,' said Freedgood. Third Partners' EUDR compliance process is collaborative and meets each company where they are with supplier relationships, geodata processing expertise, and knowledge of the regulation. 'We run a preliminary risk assessment report in week one, a targeted due diligence plan in week two, and then take it from there,' said Freedgood. Companies achieve confidence that they can generate Due Diligence Statements (DDS) by December 30 and have a clear ongoing process to stay compliant. EUDR is not the first regulation and certainly not the last to require sub-tier supply chain mapping and risk assessment. 'From over a decade of consulting experience we know mid-sized companies get the best results when they strengthen in-house capabilities. Developing environmental risk management tools and processes internally helps firms compete globally with larger peers while reducing the costs of unmitigated risks,' said Freedgood. 'EUDR policy uncertainty has led to a market flooded with inflated compliance products that rarely deliver on promises of easy implementation,' Freedgood noted, 'With EUDR companies cannot simply send a last minute survey to suppliers and hope for the best.' Third Partners offers step-by-step support to digitally map forests and farms, fix gaps in supplier data, and prepare the hundreds of geoJSON (GIS files) for a company to generate the Due Diligence Statements required to export to the EU market. Companies that work with Third Partners on EUDR, or any environmental risk data challenge, get the same thing every time — a lightweight but rigorous solution leveraging existing business data, people, and systems. View source version on CONTACT: MEDIA CONTACT Adam Freedgood [email protected] +1 (646) 470-4004 KEYWORD: UNITED STATES NORTH AMERICA MINNESOTA NEW JERSEY INDUSTRY KEYWORD: PROFESSIONAL SERVICES DATA MANAGEMENT SUSTAINABILITY FOREST PRODUCTS TECHNOLOGY AGRICULTURE NATURAL RESOURCES ENVIRONMENT DATA ANALYTICS TRANSPORT CONSULTING LOGISTICS/SUPPLY CHAIN MANAGEMENT SOURCE: Third Partners Copyright Business Wire 2025. PUB: 06/24/2025 06:15 AM/DISC: 06/24/2025 06:14 AM
Zawya
23-06-2025
- Business
- Zawya
UK-based Axia Media expands global footprint via Dubai office
UAE: Axia Media Group, a UK-based provider of financial and business services, has inaugurated a new office in Dubai to enhance its presence in the Middle East. The launch aligns with the company's strategy to support its growing client base in the region, according to a press release. The Dubai office will serve as a hub for Axia Media's operations in the Middle East, enabling the group to secure a comprehensive range of services, including accounting, tax advisory, business consultancy, risk management, and multi-jurisdictional financial planning. Meanwhile, Cain Kirby will be responsible for the management of the group's business in the new office. Andy Pollard, CEO of Axia Media Group, commented: "The new office will allow us to be closer to our clients and provide them with tailored financial solutions that meet their unique needs. We look forward to contributing to the vibrant business community in Dubai and the broader Middle East."
Zawya
19-06-2025
- Business
- Zawya
Axia Media Group opens office in Dubai
DUBAI, UAE – Axia Media Group, a leading global provider of financial and business services, is excited to announce the opening of its new office in Dubai. This strategic expansion is aimed at enhancing the company's presence in the Middle East and providing localised support to its growing client base in the region. The new office, situated in Dubai's bustling financial district, will serve as a hub for Axia Media Group's operations in the Middle East. This expansion will enable the company to offer a comprehensive range of services, including accounting, tax advisory, business consultancy, risk management, and multi-jurisdictional financial planning. "We are delighted to establish our presence in Dubai, a city renowned for its dynamic business environment and strategic importance in the global financial landscape," said Andy Pollard, CEO of Axia Media Group. "The new office will allow us to be closer to our clients and provide them with tailored financial solutions that meet their unique needs. We look forward to contributing to the vibrant business community in Dubai and the broader Middle East." Axia Media Group's Dubai office will offer an array of specialised services designed to meet the diverse needs of businesses and individuals in the region. The accounting services will provide meticulous and comprehensive solutions, including bookkeeping, financial reporting and compliance services, ensuring that businesses maintain accurate financial records and adhere to regulatory requirements. The tax advisory services will help clients navigate complex tax landscapes, optimise tax liabilities, and ensure compliance with local and international tax laws. This includes corporate tax planning, VAT advisory, and personal tax services. In addition to accounting and tax advisory, Axia Media Group will deliver strategic business consultancy services to support organisational growth and efficiency. This includes market entry strategies, business process optimisation, and strategic planning. The risk management services will assist clients in identifying, assessing, and mitigating financial and operational risks. This includes developing risk management frameworks, conducting risk assessments, and implementing risk mitigation strategies. The multi-jurisdictional financial planning services will provide comprehensive financial planning for clients with interests in multiple jurisdictions, including estate planning, wealth management, and cross-border financial structuring. The Dubai office will be managed by Cain Kirby who brings extensive experience in financial services to the role. Cain has spent the past 11 years working in assurance roles within the Big 4 and top 10 practice firms, and most recently as a director in a multi-jurisdiction listed asset management firm. Axia Media Group's expansion into Dubai is part of a broader strategy to increase the global footprint and enhance its service offerings. The company has been actively expanding its operations worldwide, with recent openings in other key markets such as the US. The Dubai office will play a crucial role in supporting the company's long-term growth objectives and reinforcing its commitment to the Middle Eastern market. "We understand the unique challenges and opportunities that businesses in the Middle East face," added Andy Pollard. "Our team in Dubai is dedicated to providing personalised and strategic financial solutions that drive success and growth for our clients. We are excited to bring our expertise and innovative approach to this vibrant region." For more information about Axia Media Group and its services, please visit
Yahoo
16-06-2025
- Business
- Yahoo
GWA promotes Joseph Findlay and Matthew Taylor to partner
Greaves West & Ayre (GWA), a UK-based chartered accountancy practice, has promoted Joseph Findlay and Matthew Taylor as partners. Both Findlay and Taylor became part of the firm in 2019 and achieved their qualifications as chartered accountants in 2022. Joseph Findlay offers considerable expertise in tax planning, concentrating on succession and inheritance tax, capital gains, and income tax. He delivers advisory support to a varied clientele, including owner-managed enterprises, individuals, and charitable organisations. Joseph said: 'Having set out to become a chartered accountant following university, my goal has always been to assist local businesses and individuals which Greaves West & Ayre has been doing successfully for over 100 years. 'I am delighted to be joining the partnership and look forward to contributing further to both the firm, and the wider business community.' Matthew Taylor primarily works within the tax division, focusing on compliance, financial forecasting, and business restructuring. His specialisation also includes inheritance tax, estate planning, lifetime gifting, and trust management. Matthew added: 'I joined Greaves West & Ayre because I wanted to assist clients with all aspects of accountancy, tax planning and business consultancy, which this firm offers. 'I have enjoyed supporting the partners in advising our clients and I am looking forward to taking the next step in my career and being a direct point of contact for our clients and their businesses.' GWA partner Colin Frame said: 'Joseph and Matthew are great examples of our approach to recruiting and training. 'Both of them joined the firm as trainees, and through their hard work, with support from our wider team, they have earned this promotion. 'As partners, they will continue their professional development for many years. I wish them many congratulations.' "GWA promotes Joseph Findlay and Matthew Taylor to partner" was originally created and published by International Accounting Bulletin, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
