Many businesses think a cyber attack won’t happen to them. In the past year, CERT NZ received more than 2,000 cybersecurity reports from New Zealand […]
Another bombshell to hit Mum and Dad investors!
New Rules on ring-fencing rental deductions From the 2019-20 income year new ring-fencing rules apply to residential property deductions. Ring-fencing means residential property deductions can […]
IR is moving on from cheques
The New Zealand’s Inland Revenue Department is proposed to phase out the use of cheques with effective from 1 March 2020. Be prepared! Here’s a […]
Tax Pooling: Dealing with terminal and provisional tax
The months of April and May can really tax your cash flow. Let me explain. For many businesses, their financial year ended on 31 March. […]
The true cost of a Capital Gains Tax
The Right Honourable Sir Dr Michael Cullen has sprung back onto centre stage. He seems to be enjoying the role and has a new toy […]
In the recent case of Rogan and Anor v Kaipara District Council and Anor  NZCA 478 where the Court of Appeal confirmed that ratepayers […]
Applying for approval to pay your spouse
If you are self-employed individual employing your spouse or partner in your business, you must get IR approval to pay them wages. If you don’t […]
Exemptions for FBT (Fringe Benefit Tax)
If an employer provides free (gifts and prizes), subsidised or discounted goods and services to its employees, FBT isn’t payable if you meet the requirements […]
PAYE Payday filing is coming!
From 1 April 2019, employers must: a) File employment information every payday instead of an Employer monthly schedule (IR348); b) Provide new and departing employees’ […]