Our Articles

September 21, 2016
Research shows that most people complain once a minute during a typical conversation. Complaining is tempting because it feels good, but like many other things that are enjoyable—such as smoking or eating a pound of bacon for breakfast—complaining isn’t good for you. Your brain loves efficiency…
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September 21, 2016
Taking out customers, suppliers or employees for a meal and some entertainment is a great way to build your business. Meals and entertainment for business purposes are a legitimate business tax deduction, but there are limits on what you can deduct … private entertainment costs are not tax…
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September 21, 2016
Beware, spam is getting more and more sophisticated; we recently received a copy of the email below which we have screen shot (do not panic about clicking on it). This is clearly spam as when (in the original email – won’t work on the screen shot copy) you hover with the mouse (without clicking) on…
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August 24, 2016
Have you noticed the surge recently in people wandering aimlessly and staring at their smartphones? Chances are they're playing Pokémon GO, the latest craze. It's an activity eerily close to how some folk see investing. From Tokyo to Frankfurt and from New York to Auckland, tens of millions of…
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August 24, 2016
New Zealanders are master inventors. What Kiwi inventors are not quite so good at is moving beyond the eureka moment and into the next stages of the innovation cycle. This article does not delve into the patent process. That is the domain of patent attorneys. However, to move beyond eureka, an…
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August 24, 2016
Companies Act - whether a director “lives in” New Zealand Section 10(d) of the Companies Act requires every company incorporated in New Zealand to have at least one director who: lives in New Zealand; orlives in Australia who is a director of an Australian company. What does “lives in New…
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August 24, 2016
From time to time IRD publishes its key compliance focus areas – specific issues that IRD are looking at now. The latest report includes the following areas of focus; Aggressive tax planning Charities People with high-wealth or high-income Trusts The “property business” Under-reporting…
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August 24, 2016
Relieving stress can have a huge impact on your productivity. Stress doesn’t come on it’s own and simultaneously won’t leave on its own. There are temporary and long term solutions to help you relieve stress. By implementing a combination of these techniques you can reduce your stress levels which…
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August 24, 2016
A new, improved guide is available for people who are considering moving into a retirement village and want to know more.Buying into a village is different from buying a house. It can be complex and villages vary in their accommodation, support, management, legal and financial structures.The…
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August 24, 2016
Recently a few new tax rules about sale of residential property in New Zealand were introduced by the Inland Revenue Department (IRD). First is the bright-line test, which is introduced in November 2015. It requires income tax to be paid on any gains from the sale of residential property bought and…
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July 26, 2016
Have you ever played Bingo? This game of chance requires players to mark off numbers on a card as they are drawn randomly by a caller. Whoever completes their card first shouts 'Bingo!' It's a bit like trying to follow broker calls on stocks. One Australian research house helpfully offers…
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July 26, 2016
Many commercial and multi-residential buildings require an annual building warrant of fitness (BWOF) to prove that the building’s safety systems have been maintained and inspected. The BWOF is obtained by the building owner and provided to the Council, and must be displayed in the building in a…
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July 26, 2016
This is a lengthy update as there's much to cover – however, the update only highlights key features of the new regime. The Health and Safety at Work Act (HSWA) came into force on 4th April 2016. There are also various regulations. Everyone carrying on a business or undertaking (PCBUs) is under…
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July 26, 2016
New Zealanders are being warned about a spate of scam phone callers saying they are from Inland Revenue and trying to recover unpaid taxes. Inland Revenue has received notification of the scam calls from more than 500 customers all over the country, with the first report on Tuesday (14th June)…
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July 26, 2016
IRD ideas on what tax may look like for small businesses in futureWe’re transforming to make it faster and easier for New Zealanders and businesses to pay the tax and receive the entitlements they should. As part of our transformation, we’ve created an easy-to-use website called Changing for…
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July 26, 2016
Identity theft is using the identity information of another person to pretend to be them. This can have serious impacts on people’s lives, if they are no longer able to prove who they are. When we talk about identity theft, identity means the facts about you that the government and businesses use…
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July 26, 2016
Key information about some of the new changes: Smoke Alarms From 1 July landlords will need to have working smoke alarms installed in all their residential rental homes. Any replacement alarms installed after that date will need to have long life batteries and a photoelectric sensor. Hardwired…
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July 25, 2016
We come across quite regularly clients that are New Zealand tax residents have not informed us that they have overseas investments or a foreign financial interest. A common misconception is that overseas investments & income do not need to be included in New Zealand tax returns. As well as…
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May 30, 2016
Tax cuts may be a while away Ministerial statement “When it is affordable, and when economic conditions permit, the Government would like to lower income taxes with a focus on lower and middle income earners who have faced fiscal drag as their incomes continue to rise. However, reducing debt is…
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May 30, 2016
Have you ever heard choristers sing melodies independently of each other? 'Polyphonic' music (Handel's 'Messiah' is an example) can be a challenging listen, but its depth and variation offers subtle rewards. Global markets are a bit like that. Like listening to a single melody, focusing on the…
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