compliance

Investing in Offshore Investments?

If you invest in overseas shares or overseas equities, you could be taxed on the unrealised gain under NZ's FIF rules.

Income

BREAKING NEWS Trust Tax Rate

The government is considering exempting certain Trusts from the upcoming 39% tax rate, set for April. Stay tuned for updates.

assets

Tax for Short Stay Accommodation

The NZ short-stay accommodation market is poised for a resurgence, but there are tax issues that need consideration.

budget

Another NZ Budget perspective

More on the Cost of Living Payment as well as business and personal tax measures.

coronavirus COVID-19

Remittance of UOMI due to COVID-19

Information on the remittance of use of money interest (UOMI) as a result of the COVID-19 (coronavirus) pandemic, as announced by NZ Inland Revenue.

Income

Resident Withholding Tax exemption register

From 1 April 2020, payers of investment income (e.g. payers of interest and dividends) will access the register to confirm which of their customers have RWT exempt status. The IRD will no longer ask for or accept physical certificates of exemption.

balance

Childcare providers

Amounts have been adjusted as a consequence of the annual movement of the Consumers Price Index - please note.

balance

Boarding service providers

Amounts have been adjusted as a consequence of the annual movement of the Consumers Price Index - please note.

budget

Running on empty?

When you have more money going out of the business than is coming in, if you can’t pay your bills, you’re running at a loss. You may have a big order in the pipeline that will cover you but you might need to seek out a loan to cover you until the money comes through. You can distinguish temporary cash flow issues from larger issues but, either way, you need to act.

cash

“Just be honest mate and pay your tax,” say tradies

Survey of Auckland tradespeople shows an Inland Revenue campaign highlighting cash jobs has hit home, with four in five believing they’ll get caught if they cheat on their taxes. The survey of nearly 420 tradies shows that the message that doing under-the-table jobs is a tax crime is getting through. #helpingyoutradebetter