Our Articles

April 18, 2016
The Taxation (Annual Rates for 2015–16, Research and Development, and Remedial Matters) Act 2016 has been enacted and introduces the R&D loss tax credit initiative. The Government wants to encourage business innovation and recognises that research and development is a key element in this…
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April 18, 2016
The Government has recently announced a number of proposals to simplify business tax. These are outlined in the Officials' Issues Paper Better Business Tax.One of those proposals is a new way of calculating and paying provisional tax, called the Accounting Income Method (AIM). Under AIM,…
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April 18, 2016
In New Zealand it seems we've been indoctrinated on trying to 'get the best deal' and negotiate the 'lowest possible interest rates'. We often forget that it's the overall cost of the loan or mortgage that is the most important thing to remember. Banks make money off you having your mortgage with…
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April 18, 2016
In 2015, four years ahead of schedule, ACC reached the funds milestone needed to support people who were injured before privatisation occurred in 1999. The Accident Compensation (Financial Responsibility and Transparency) Amendment Bill was passed into legislation, allowing the Minister for ACC Hon…
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April 18, 2016
Upcoming seminars:6th May we are holding a Payroll Seminar. Starting at 10am with morning tea this seminar should end around 11.30am. The seminar will cover Recent MBIE Changes and how they affect small businesses, what’s changing and what you need to do now; Holiday Pay and how to…
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March 8, 2016
The Employment Standards Legislation Bill is designed to address growing concerns with enforcement of employment standards and employee protection. A raft of changes in employment law will happen over the next 18 months and small businesses in particular are being advised to take note.Employment…
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March 8, 2016
With the 31 March 2016 year-end fast approaching it is an appropriate time to consider some long-term tax planning initiatives and undertake some short-term measures to minimise tax for the current year.THINGS TO DO:Review doubtful debts and write off any bad debts prior to balance date. Bad debts…
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March 8, 2016
New Year is a customary time to speculate. In a digital age, when past forecasts are available online, market and media professionals find it harder to hide their blushes when their financial predictions go awry. But there are ways around that.The ignominy that goes with making bold forecasts was…
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March 8, 2016
When a person passes away without a Will, the Administration Act 1969 (Act) sets out how the Estate of the deceased will be distributed.Firstly, the family (or other potential representatives) need to determine the value of the assets in the Estate. Where the value is less than $15,000 the process…
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March 8, 2016
Here are 5 key areas of focus for small to medium sized businesses.1. EmploymentIn many respects, employment law in New Zealand isn't easy and it isn't getting any easier. Businesses should ensure that they have robust, comprehensive, up to date employment agreements, supported by appropriate stand…
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March 8, 2016
Inland Revenue has received a surge of inquiries from student loan defaulters worried they could be arrested if they return to New Zealand. One man who ignored his repayment obligations contacted the Weekend Herald from Australia and said he would now be scared to return for funerals or…
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March 8, 2016
A Tauranga man who avoided paying $120,000 in PAYE, instead spending it on himself and his failed business, has been jailed.Lance Rangitawa was the director of Drivehire, a company which provided truck drivers on a casual basis. Between June 2013 and March 2015, Rangitawa failed to pay his PAYE and…
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March 8, 2016
In 2016 the IRD will be continuing their compliance focus on undeclared cash in the construction industry and hospitality sectors, building on existing educational and enforcement action.The IRD initial construction sector campaigns in early 2015 focused on the trades in Auckland. This work has been…
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March 8, 2016
A year ago, high-earning Auckland couple Stephanie and Rod* faced financial reality: despite salary increases and having no dependents, they were going nowhere. In fact, they were going backwards, says Hannah McQueen, the financial personal trainer who has helped transform them into smart money…
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November 26, 2015
This article refers to some basic matters that are relevant to employers in view of the rapid approach of Christmas.Annual leave - employees aren’t generally entitled to any annual leave until they have been continuously employed for 12 months and thereafter, until the expiry of each 12 month…
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November 26, 2015
We are often asked this question, which is becoming increasing relevant with the dramatic increase in the use of digital devices.Research is yet to categorically prove actual damage from prolonged viewing of these devices but there is certainly no doubt that it causes discomfort and eyestrain.…
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November 26, 2015
The Harmful Digital Communications Act 2015 (the Act) became law on 2 July 2015. Sections 22 - 25 and Part 2 apply immediately, with the balance of the Act taking effect on a date to be determined, but no later than 2 July 2017.Taking immediate effect – criminal liability It is an offence to post a…
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November 26, 2015
It’s coming up to that time of year when you might be planning a staff Christmas party. It's great for morale and a chance to mark the end of the year. But what are the tax considerations?You may be able to claim as business expenses events such as Christmas functions or giving gifts to…
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November 26, 2015
The bright-line rule Government proposed as part of Budget 2015 has just passed into law. This rule will apply to residential property bought on or after 1 October 2015.What’s changing? The new bright-line rule requires people who sell residential property within two years of buying it to pay income…
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November 26, 2015
Most of us have multiple roles—as business owners, professionals, workers, consumers, citizens, students, parents and investors. So our views of the world can differ according to whatever hat we're wearing at any one time.This complexity of people and their range of motivations, depending on…
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