Polson Higgs
May 2010 News Archive
Budget 2010 - A Short Overview (21st May 2010) Bill English delivered his second budget on 20 May 2010 with an overall focus of reforming the tax system, continuing to get value for money from the public service, and further strengthening Government finances. The backdrop to the 2010 budget is more positive than 12 months ago, with the global financial crisis taking less of a toll than anticipated on the New Zealand economy and therefore the recovery coming sooner than was originally forecast. The objective of transforming the tax system was addressed by movement in all levels of personal income tax rates: Investing Core Wealth Is Like Running A Marathon Welcome to our Autumn Update In this edition of our Update we review returns for the past three months to 31 March 2010 but first we discuss how investing is like marathon running. Marathon anybody? The analogy of the marathon runner is useful when it comes to investing core wealth. Most marathons include several notorious uphill stretches where the endurance and stamina of athletes is pushed to the limit. Investors felt the same all through 2008 and into 2009. Recently we have fielded a lot of questions regarding online packages such as Xero. Traditionally, accounting packages have been sold as a desktop application that were installed onto your computer and accessed the data stored on that computer or a local server. Recently, there has been a move to online software where the data and program is hosted by the service provider and you access your data through your web browser (Internet Explorer, Firefox, etc). Rather than pay a large sum upfront for the software, the online providers work on a model known as ‘Software as a Service’ where monthly or annual charges are compulsory. Last updated: 2nd August 2010 | 8:37 am
Polson Higgs Wealth Management Autumn Update 2010 (4th May 2010)
Xero Partner Status (3rd May 2010)
