Our Articles

February 21, 2017
A Bill that tightens the foreign trust disclosure rules, simplifies tax processes and reduces or eliminates use-of-money interest for most business taxpayers passed its final stage in Parliament today. “The new legislation tightens the disclosure rules for foreign trusts as recommended by the…
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February 21, 2017
Introducing My GST There's a new section in myIR called My GST - it looks a little different, but you can still do everything you need, plus some new things. This is the first of many changes we'll make over the next few years to make tax simpler for you. To check out the new My GST section, log…
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February 21, 2017
For many years, the Inland Revenue Department have been provided funding to target investigations of tax payer’s compliance. Over the recent year that funding is significant. Their aim is to not just encourage compliance but also identify and recover under returned and under paid tax. IRD…
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February 21, 2017
We often come across clients providing their information either on a manual spreadsheet or cash book. There is nothing wrong with this. However, this can be prone to adding mistakes and incorrect formulas. When also ask the question “does it take long to prepare the information?” More often…
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February 21, 2017
New Zealand's tourism boom means it can be lucrative to rent out property but owners need to do their homework or could get stung. A lot of apartments and houses in areas such as Queenstown, for example, could easily be rented out on a short-term basis in excess of $1000 a night, Deloitte tax…
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December 20, 2016
For many years the Inland Revenue Department have been provided funding to target investigations of tax payer’s compliance. Over the recent year that funding is significant. Their aim is to not just encourage compliance but also identify and recover under returned and under paid tax. Each…
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December 15, 2016
'Tis the season to make forecasts. As we approach the end of the year, newsroom staffing dwindles and editors look for space fillers to keep the readers happy. Yes, here come the investment "outlooks" again. Each year at this time, the financial pages are filled with "investment outlooks" that…
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December 15, 2016
Ordinary citizens have a limited ability to make an arrest; however, their powers are not as wide as you may think. This article will interest security contractors, business owners and anyone else who might find themselves in the position where they might need to react to a crime. Technically…
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December 15, 2016
As an employment lawyer in Auckland, I have to advise mostly decent employers on employment law, which is quite demanding especially for small businesses. But there are some shoddy and even dishonest or otherwise unscrupulous employers out there. Just Kebab Ltd was ordered by the ERA to pay a…
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December 15, 2016
It’s almost the end of another year. From all of us at Inland Revenue we wish you, your staff and family a happy holiday break. If you’re working over the holiday break, IRD 0800 numbers will be operating on the following days. Day Date Time Friday…
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December 15, 2016
IRD have recently sent emails to Tax Agents confirming that undeclared cash in the construction sector remains a high priority for them. You’ll probably recall recent advertising that IRD have done, and you may have seen the advertising that IRD are running at the moment. IRD are letting Agents…
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December 15, 2016
If you are self-employed and/or on a shareholder salary you should be on the ACC Cover Plus Extra plan! ACC Cover Plus Extra gives you certainty at claim timeGives you cash when you most need it! You know exactly your entitlements You nominate the amount of ACC cover required to suit your…
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December 15, 2016
Although this is a technical article, the issues relating to PAYE payments not made are taken very seriously by IRD as these payments are held ‘in trust’ by you on behalf of IRD and should not be used by you (for anything) and paid directly to IRD on time. In our experience, payment arrangements…
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December 15, 2016
The Internet opens up small businesses to global markets and a wealth of opportunity, but it also puts you in contact with people whose intent is to harm your business. Avoidable security breaches are, sadly, a fact of life for many small businesses – in some cases the impacts of which are so severe…
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November 3, 2016
With recent changes within our office we are now using an Automatic Attendant phone systemThis means that when you call us you will get an list of instructionsPress 1 then the extension number of the person you wish to speak to and you will be connected them directly.or Press 2 and you will hear a…
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September 22, 2016
When news breaks and markets move, content-starved media often invite talking heads to muse on the repercussions. Knowing the difference between this speculative opinion and actual facts can help investors keep their nerve. At the end of June, UK citizens voted in a referendum for the nation to…
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September 22, 2016
The majority of lease arrangements are entered into using the Deed of Lease provided by the Auckland District Law Society. Whether you are a business owner and tenant, or a landlord, it is important that you understand your rights and obligations. How well do you know your lease? Tenants right to…
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September 22, 2016
When buying, selling or transferring New Zealand property, excluding the main home, people will need to provide their IRD number and TIN (if they have one) to LINZ. Trusts are also required to provide their IRD number to LINZ when buying, selling or transferring New Zealand property. Visit the…
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September 22, 2016
As a business lawyer, it seems to me that traders/suppliers are often reluctant to review their terms of trade and other supply contracts. Any contract lawyer will say that this is short sighted. Traders flout new consumer laws at their peril and there will be many terms of trade out there that…
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September 22, 2016
On or after 1 October 2015, any customer who meets the definitions of an offshore person will need a fully functional New Zealand bank account before they can apply for an IRD number. Applicants must also provide their overseas taxpayer identification number (TIN). Offshore person definition…
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