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IRD compliance checks: what to do if you receive a letter

IRD compliance checks: what to do if you receive a letter

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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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Residential Tenancies Act: 2025 amendments explained

Residential Tenancies Act: 2025 amendments explained

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

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

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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 […]

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What trusts are exempt from full IRD compliance?

What trusts are exempt from full IRD compliance?

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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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Managing cashflow over the holiday season

Managing cashflow over the holiday season

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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 […]

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Understanding tax for incorporated societies 

Understanding tax for incorporated societies 

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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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Changes to the Unit Titles Act 2010: overview for property investors

Changes to the Unit Titles Act 2010: overview for property investors

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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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Key insights into the 2024-25 tax bill

Key insights into the 2024-25 tax bill

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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 […]

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

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

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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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