New Zealand faces growing demands on government spending over the coming years. An ageing population, healthcare costs and infrastructure needs will all put pressure on public finances. Our view is that these pressures will create increasing demand for tax revenue. [read more...]
If you move to New Zealand with shares, managed funds or other investments overseas, one of the more unusual parts of our tax system you may encounter is the foreign investment fund – or FIF – regime. The rules can [read more...]
Most of our professional and doctor clients who own cryptocurrency would not describe themselves as crypto investors or traders. In many cases they purchased some Bitcoin or Ethereum several years ago, made a few trades, and then largely forgot about [read more...]
For many years, New Zealanders looking to grow their wealth had two main options: term deposits and property. Building a diversified share portfolio in the style of Warren Buffett was often out of reach for ordinary investors, as buying a [read more...]
As the end of the financial year approaches, attention often turns to year-end accounts and tax compliance. For many business owners, this can feel like a compressed, high-pressure process where everything needs to be finalised at once. In practice, the [read more...]
Many family trusts in New Zealand are run informally and while that might have worked in the past, it’s now one of the biggest reasons Inland Revenue takes a closer look. Trustees who delay or skip documenting distributions risk extra tax, lost [read more...]
I spent Thursday and Friday last week at the Chartered Accountants Australia and New Zealand (CAANZ) tax conference, listening to specialists from practice, economists, and very noticeably the Inland Revenue (IRD). In fact, IRD seemed to have the largest contingent [read more...]
Did you know that Inland Revenue reviews thousands of small business tax returns each year, and one of the biggest red flags isn’t about questionable deductions, it’s how business owners pay themselves or family members? Market salary rule for closely held companies A large portion of [read more...]
For many GPs and medical specialists, tax time can feel like a juggling act – busy clinic, fluctuating income and those large provisional tax payments that always seem to arrive too soon. But with a bit of planning, tax season [read more...]
For many not-for-profits (NFPs), external funding keeps the doors open and the mission alive. But while it’s tempting to call all incoming funds “donations,” the reality is not everything that looks or feels like a donation is tax-free. Misclassifying sponsorships, [read more...]
