Recently, we’ve seen clients receiving letters from Inland Revenue notifying them that their business has been selected for industry monitoring. If you receive one of these letters, there’s no need for immediate concern—this doesn’t automatically mean an audit is coming […]
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Recent amendments to New Zealand’s Residential Tenancies Act, effective from 30 January 2025, have introduced several key changes. Reintroduction of ‘no cause’ terminations Landlords can now end a periodic tenancy without providing a specific reason, given a 90-day notice period. […]
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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 […]
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 […]
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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 […]
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?” […]
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At times we encounter information outside of tax and accounting that could benefit property investors. A recent example is an update to the Unit Titles Act 2010, now in effect. The changes to the Act may impact owners or anyone […]
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Each year, the government introduces legislation to set the tax rates for the upcoming year, and this time they’ve included several changes with a stated aim of simplifying the system and enhancing its role in driving productivity. The Taxation (Annual […]
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 […]
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