Our Articles

July 26, 2019
Inland Revenue is warning customers to be on guard against a new and convincing e-mail scam that surfaced over the weekend. The e-mail offers tax refunds and Inland revenue spokesperson Sharon Thompson says it appears to be a very wide spread scam. “We’ve received more than 900 reports over the…
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July 26, 2019
Most Kiwis would look at the Holden Colorado and consider it to be a pretty big, pretty capable vehicle. But, there's always room to ramp things up.Clearly, this mindset was somewhat present when Holden New Zealand and their partners at the Auckland-based Retro Vehicle Enhancement got together to…
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July 26, 2019
Reforms to tax rules designed to ensure greater fairness in residential investment have now passed into law. This confirms the Government’s commitment to restrict the ability of investors in residential property to offset tax losses from their rental properties. Rental property losses will not…
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July 26, 2019
Mike KingOur congratulations go to Mike King for being awarded the Officer of the New Zealand Order of Merit (ONZM) in the Queens Birthday Honours list this year.Mike received this honour for his services to mental health awareness and suicide prevention. Mike is a comedian, television…
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May 16, 2019
A key to a successful investment experience is understanding how markets behave and developing the discipline to avoid rash decisions based on short time periods. The recent performance of the Australia and New Zealand share markets drives this home. There was a distinctly gloomy tone to media…
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May 16, 2019
A property that has been used to manufacture methamphetamine, or has had methamphetamine smoked inside, can be contaminated with methamphetamine residue that can be present on the surfaces inside the property. A property used for manufacturing this illicit drug has different health implications…
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May 16, 2019
Employment law is still currently giving rise to more noteworthy issues than other areas of commercial law. This recent Employment Court case sounds a warning for employers who have ignored changes in employment law. NZ Post employees were required to be available for overtime work on any normal…
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May 16, 2019
A Christchurch businessman who lost just over $895,000 gambling has been sentenced to three years imprisonment after pleading guilty to tax evasion charges. Chung Tuyen La traded as a chicken and fish wholesaler under the name Wycola Chicken. He admitted knowingly providing false information to…
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May 16, 2019
One of the biggest IT projects ever undertaken in the state sector has successfully passed its latest hurdle with the transition of more than 19.7 million taxpayer accounts from one Inland Revenue computer system to another. Revenue Minister Stuart Nash is congratulating staff and the external…
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May 16, 2019
Are you a company director?A quick reminder of the legal requirements from the Companies Act 1993 (section 189) for record keeping. The Act requires that a company must keep the following documents at its registered office: The constitution of the companyMinutes of all meetings and resolutions…
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May 16, 2019
With over 675,000 New Zealand companies already on the New Zealand Business Number (NZBN) register, now is a great time for sole traders to get an NZBN. We’ve outlined how it works and the potential benefits for self-employed, sole traders and other small entities to consider signing up. Having…
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May 16, 2019
As part of IRDs plan to simplify the tax system for all taxpayers, they are now automatically providing refunds in near real-time if they cannot see any debt or do not know what tax account the money should be going toward. Making a payment When making a payment – including by direct credit or…
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April 3, 2019
“World stock markets have rounded off a wild and difficult year,” the article began, pointing to multiple uncertainties in a polarised US political system, a crisis–ridden Eurozone and a rapidly slowing Chinese economy. Does that sound familiar? That was from a calendar year wrap–up of markets…
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April 3, 2019
The purpose of the PPPR is to protect the personal and property rights of people who are not capable of managing their own affairs. This includes, but is not limited to, someone who is mentally ill, has an intellectual disability, or a brain injury that will affect their mental capacity. There…
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April 3, 2019
Recent case illustrates confusion between performance issues and misconduct In a recent case (McKenna v New Zealand Automobile Association), an employee was alleged to have made a number of processing errors. The employer viewed this as misconduct and ultimately terminated the employee’s employment…
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April 3, 2019
Workers who are paying too much tax because of incorrect secondary tax codes are in line for relief with the passage of legislation through Parliament in March 2019.The Taxation (Annual Rates for 2018-19, Modernising Tax Administration, and Remedial Matters) Bill passed its third reading and will…
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April 3, 2019
Employers are now required to send their payroll information to Inland Revenue whenever they pay their staff. Inland Revenue Customer Segment Leader Richard Owen says the focus is firmly on helping employers get that first filing under their belt.“Around 51,000 employers have already started and…
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April 3, 2019
From 1 April 2019, businesses will get an average 6.9% reduction to their ACC levy, saving them $100 million over the next two years. All employers and self-employed people working in New Zealand pay a Work levy that goes into the Work Account to cover any accidents that happen in the workplace.…
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April 3, 2019
Minimum wage rises When: 1 April 2019 What: The new minimum wage rates, before tax, are: Adult — $17.70 an hour Starting-out — $14.16 an hour (up from $13.20) Training — $14.16 an hour (up from $13.20) Read our page on minimum pay rules for a summary of who can earn the…
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April 3, 2019
Gumboot Up NZ! Mike King and mental health charity I AM HOPE calls for New Zealanders to wear gumboots on Friday 5 April to support kids in need.New Zealander of the Year, Mike King and I AM HOPE are asking New Zealanders to wear their gumboots to work or school on Gumboot Friday (5 April) for a…
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