Helen Willis, Author at The Accounting Hub

Author: Helen Willis

Upcoming changes to tax rules for not-for-profits – have your say

Posted by Helen Willis
on March 19, 2025

The IRD has released a consultation document examining the tax treatment of the not-for-profit sector in New Zealand. This review could lead to significant changes in how not-for-profits are taxed, particularly those operating businesses. If you’re involved in a charity, [read more...]

Determining a trust’s tax residence: a guide for settlors moving from New Zealand to Australia

Posted by Helen Willis
on January 16, 2025

When a settlor of a trust relocates from New Zealand to Australia, determining the trust’s tax residence becomes crucial. This process involves first reviewing the trust’s status under New Zealand and Australian domestic tax laws, followed by applying the Double [read more...]

What trusts are exempt from full IRD compliance?

Posted by Helen Willis
on January 8, 2025

Trusts play a significant role in managing wealth, protecting assets, and ensuring succession planning in New Zealand. However, with increased scrutiny from Inland Revenue (IRD) under evolving tax regulations, not all trusts are subject to the same compliance obligations. Understanding [read more...]

Managing cashflow over the holiday season

Posted by Helen Willis
on November 21, 2024

The holiday season can be a challenging time for cashflow, especially for businesses experiencing fluctuating sales, delayed payments, or increased expenses. Here are some strategies to keep your cashflow healthy as you enter the Christmas holiday period. Forecast your cashflow [read more...]

Understanding tax for incorporated societies

Posted by Helen Willis
on November 1, 2024

At The Accounting Hub, we often act for incorporated societies set up for a range of purposes including industry associations and community organisations. Sometimes we get asked questions along the lines of “if we’re an incorporated society, aren’t we tax-exempt?” [read more...]

Not-for-profits: understanding income tax and GST on grants and subsidies

Posted by Helen Willis
on September 24, 2024

Grants and subsidies are essential for not-for-profits to fund their initiatives, but the associated tax implications can be complex. While not-for-profits that are registered charities are exempt from paying income tax on most types of income, this does not automatically [read more...]

Overview of new Tier 3 Not-For-Profit Standard

Posted by Helen Willis
on September 12, 2024

Our regulatory environment is constantly changing, the not-for-profit (NFP) sector is not immune. The recent revisions to the Tier 3 (NFP) Standard, effective from April 1, 2024, will impact many small to medium NFPs and charities in New Zealand and [read more...]

Calculating expenses for mixed-use residential properties

Posted by Helen Willis
on May 28, 2024

In residential property investment, a mixed-use asset refers to a property that serves both private and income-earning purposes, and is unused for 62 days or more during the tax year. This means the property is used personally by the owner [read more...]

Airbnb investment: purchasing property personally vs. through an entity

Posted by Helen Willis
on May 17, 2024

Purchasing a property for short-term lets is a big financial decision. You need to consider the price, location, maintenance requirements, and the list goes on. Often a secondary consideration, the ownership structure of your property is also vitally important. Whether [read more...]

Improving landscape for residential property investors: interest deductibility & bright-line rule changes

Posted by Helen Willis
on March 23, 2024

In recent times residential property investors have felt the weight of evolving tax policies and higher interest rates. However, with changes to interest deductibility and the bright-line rules in the coming financial year, there is appears to be a more [read more...]