October 3, 2019
Inland Revenue Department and the Accident Compensation Corporation are calling ‘time’ on cheques.From March next year, IRD and ACC will no longer accept payments by cheque from customers who are able to use alternative payment options. IRD received more than 430,000 cheques last financial year,… Read full post »
October 3, 2019
The Great Auckland Duck Race
The 2019 Great Auckland Duck Race on Sunday 20 October at Vector Wero Whitewater Park.
This event is a fundraiser for the Life Education Trust who work with schools in Counties Manukau, and Chester Grey have sponsored a Duck that will be entered into the Business Race.… Read full post »
October 3, 2019
It’s easy to fall for and can go unnoticed. But if you know what to look for and put these four security measures in place, you’ll be in a good position to keep you and your business safe. The scam Last year, CERT NZ received a report from a small business that was receiving emails from… Read full post »
October 3, 2019
Changes to self-employed leviesACC are making some changes to how they levy self-employed customers. If you're self-employed, and on the basic cover (CoverPlus) - you won't be receiving a 2019/20 invoice this year. How your CoverPlus levy is changing Previously, ACC levied self-employed people… Read full post »
July 26, 2019
Insurance is about getting the right amount into the right hands at the right time. If we have an insurance claim we want to know how much will be paid out and to whom. Any delays in payment are frustrating. It is important the documentation aligns with the desired outcome. Recently two… Read full post »
July 26, 2019
If you buy a property at a mortgagee sale, be aware that you are entering a contract that is quite different in its nature to an agreement entered into in other circumstances. The agreement is likely to be weighed heavily in the mortgagee’s favour because mortgagee sales involve factors outside… Read full post »
July 26, 2019
I’m not a litigation lawyer and don’t profess to be an expert on arbitration. However, it may be useful for me to share some thoughts. It’s common to include a dispute resolution clause in many types of commercial contracts. There are a variety of types of clause. Different lawyers have different… Read full post »
July 26, 2019
Inland Revenue will gain greater powers to alert savings providers if a KiwiSaver investor is on the wrong tax rate, under new legislation introduced to Parliament.Revenue Minister Stuart Nash says the administration of the tax system has markedly improved as a result of the new information… Read full post »
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… Read full post »
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… Read full post »
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… Read full post »
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… Read full post »
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… Read full post »
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… Read full post »
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… Read full post »
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… Read full post »
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… Read full post »
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… Read full post »
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… Read full post »
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… Read full post »