Anton Accountancy Ltd Bill and Joe own a chartered accountancy practice in Wellington. They are both Chartered Accountants and are partners in the business. Each of the partners owns 50 per cent of the business. They trained in accounting together, spent five years overseas and returned to New Zealand to settle into a career. After initially working for other accountants, they decided to open their own accountancy business and in 1986 founded Anton Accountancy Ltd. Joe has recently told Bill he wants to retire within the next 12 months. Whilst this concerned Bill, he also saw Joe’s impending retirement as an opportunity to review the direction of the business.