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 […]
Read More… from Key insights into the 2024-25 tax bill
Read MoreGrants 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… from Not-for-profits: understanding income tax and GST on grants and subsidies
Read MoreOur 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… from Overview of new Tier 3 Not-For-Profit Standard
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