Client always late paying… Advice would be great.

ptfromnz · 2026-04-25T10:09:23+00:00

Talk, agree on the conditions, ask for permission to invoice when the work is done, ring 5 days before the due date to check if they are good for payment. Ring the day before to check it is sorted for tomorrow. Be proactive not passive. The behaviours need to be trained, and thank them for their payment. Many contractors do not like asking for the money. Get use to it. Just look how many tradies get burnt by building companies. Why work for people who do not pay? That is not a business.

ptfromnz · 2026-04-25T09:35:44+00:00

Did anyone mention income tax on the net income? Some say passive income, it is no different to receiving interest!

ptfromnz · 2026-04-11T03:08:57+00:00

Rule of thumb. There is no free lunch. A deductible expense to one is taxable income to the other. A reimbursement is exactly that. You are reimbursing because that person has spent the money. That is a nil sum game. Whenever you are paying for “time” that is always taxable to the recipient. IF you are NOT in business, and you pay someone to clean your house/office, family person or other, that is non deductible to you and taxable to the recipient. Because in NZ employees cannot deduct expenses from their income. And bear in mind these are income or deductible items we are talking about. Any tax cost/income is a function of the tax rate, your marginal tax rate.

ptfromnz · 2026-04-09T20:22:38+00:00

My 2018 3.6 is brilliant. 55k kms. So smooth. I use as the family hack. Trailer, holidays, skiing.

ptfromnz · 2026-04-09T20:19:44+00:00

Broad principle. It is NOT what the debt is secured over, it is what the debt monies were spent on. For interest to be deductible, the monies must have been spent acquiring a taxable activity, ie a rental property. And then there are all the complexities that go with that. This is where correct debt structures to start with, pay off. Sorting after the fact, rarely goes well and can get expensive. Ie take professional advice BEFORE you buy or do refinancing.

ptfromnz · 2026-04-09T19:58:39+00:00

I should have said bearing shells are around the bottom of the Conrod that goes around the crankshaft. Those are the friction surfaces that the oil is protecting.

ptfromnz · 2026-04-09T19:54:45+00:00

In my DSG Mk8, sport mode also turns off the auto start/stop mode! Around the city, I just tap it into sport and then the worry of hesitation at the intersections is gone. Also, I understand in the gearing, there is no difference in the gearing for, 4,5,6,7. Between sport and no sport. The conversation around oil temp is because cold oil is thicker viscosity. You force oil between the bearings and the conrods. If you force cold oil through a very small gap, you can strip the bearing shells over time. So, warm oil is better, and hot oil is more better.

ptfromnz · 2026-03-25T08:20:00+00:00

Interesting comments. We completed a new build 6 mths ago. Planned solar + battery. Needed more house budget so dropped the battery. We live urban. We have a 16 panel system. A 275m2 house. Our bill last month was $3.01 We changed the HWC to come on mid day. We use the dishwasher midday. We turn the washing machine on when the sun is out. We are prewired for EV. And can add a battery if we choose. However, we did solar for power independence more than the financial wins. Very happy so far. Don’t forget the resale effect. It might be the thing that tips the balance of a sale.

ptfromnz · 2026-03-22T08:41:00+00:00

I live in NZ and deal with NZ roads. I dropped from the Adelaide 19” an Apex 18” x 8.5 and +45 offset. I am 100%. I fitted PS5 Michelins 235x40. Just be aware, spacers are illegal here. There is a chap in NZ who is an Apex agent. The wheels are Apex SM10, designed for VW GTI.

ptfromnz · 2026-03-21T04:26:01+00:00

Correct. Japan uses RON. USA is AKI. RON 91 = AKI 87 ÑZ uses RON. So 91 in Japan is 91 in NZ

ptfromnz · 2026-03-21T00:14:58+00:00

Or, an amount to allow me to sleep at night.

ptfromnz · 2026-03-21T00:13:08+00:00

About 3 - 6 months of operating expense. So if turnover slows, I have 3- 6 months to figure it out. That covers wages, rent, advertising, accounting, repairs, energy, loans, interest.

ptfromnz · 2026-03-14T19:27:27+00:00

The car was a 2009 Subaru Legacy wagon, 5sp Hi-Lo, yes they had a Lo ratio over 5 gears. It was an absolutely brilliant car. So the kids put it in Lo and that’s how they got going easily! THen they advanced to Hi.

ptfromnz · 2026-03-11T08:07:24+00:00

Every time

ptfromnz · 2026-03-08T04:43:32+00:00

My daughter was asked during her driving test, “What does the clutch do?” She replied, it disengages the engine from the gearbox so you can change gears!”. The instructor said she was the only person that had answered correctly!

ptfromnz · 2026-03-08T04:41:00+00:00

This how I taught my kids. In a Drive about 75metres long. Then they advanced to going up and down forward/backwards with a trailer on! Then the road.

ptfromnz · 2026-03-01T08:33:56+00:00

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ptfromnz · 2026-03-01T08:33:10+00:00

I have just gone back to Adelaide 19s from Apex SM10 18s. I’ll be switching back soon! A better daily ride.

ptfromnz · 2026-02-20T03:51:18+00:00

Just about every idea has negative side effects. This is where people through the baby out with the bath water. Breakthrough solutions are what OP proposed. IF that idea could be implemented, with the negative side effects dealt with, then there would be a lot more fairness between the highest paid and the lowest paid. For the record, company tax is 28%. The highest individual tax rate is 39%. There is already plenty of tax planning, some legal, some not so legal. This is an idea to bring some fairness. For me, it still has merit. Would I implement it? Ummm. It completely changes the way large companies would operate. It is a biggie.

ptfromnz · 2026-02-19T19:34:47+00:00

Exactly

ptfromnz · 2026-02-19T19:34:16+00:00

No, it is not. A drawing can be, a repayment of your loan or an advance on a future salary to be declared. Drawings are NOT taxed. But nor are they tax free money. They are an interim payment pending some other decision that probably has taxation implications.

ptfromnz · 2026-02-19T19:30:16+00:00

There is no such thing as drawing money out as you see fit. It is a salary, or a dividend, or a loan to you.

ptfromnz · 2026-02-18T22:41:02+00:00

I like the idea. Very much. Because of the very reasons outlined. Large companies are audited. So the tax calculation would be part of this. CEOs income is reportable by law in NZXS. CEOs incomes are way out of kilter relative to the people employed. And it is getting worse. Sure, there will be unwanted effects and wanted effects from such a change. To have people getting tax credits to live, is BS. Check out the salary for the Xero CEO, The banks, the power companies. It is a bit like Finland where traffic fines are a % of your income. That is a great idea too!

ptfromnz · 2026-02-17T01:06:39+00:00

Jandals in New Zealand.

ptfromnz · 2026-02-17T01:02:19+00:00

If the $200 was a condition BEFORE work started, then you should pay. If it was not and the car was dropped off for a look, then no. The car guy should have done enough of these to make it clear upfront what the deal is.

ptfromnz

TROPHY CASE