It’s now been almost ten years since the maximum limit on tax credit for donations was removed, and in this time donor concessions in New Zealand have increased from 100 million per year to over 280 million per year! Inland [read more...]
Flexibility and self-management…the appeal is real. In fact, approximately 70% of enterprises within New Zealand are sole traders. It’s easy to understand why – no more worrying about applying for holiday leave, pushing for a much deserved pay rise, or [read more...]
There is nothing quite like moving overseas to send your ‘life admin’ skyrocketing. Many of our clients have relocated here to New Zealand from all over the world – UK, Australia, India, China, Canada and even Hungary – and are [read more...]
Sssshhh, can you hear that? That’s the sounds of the home office a.k.a mega productivity, peace and quiet, comfort and silence! Home (office) is where the heart is Studies show remote or home-based workers are more productive, better for the [read more...]
In an effort to level the playing field between property speculators/investors and home buyers, speculators and investors are no longer able to offset tax losses from their residential properties against their other income (eg salary or wages, or business income) [read more...]
If you run your own enterprise, there’s a good chance that going into business had a lot to do with money. But once you’re actually in business, finances can pretty quickly become overwhelming. So grab a notebook, and set aside [read more...]
In what was one of the largest data migrations undertaken by any government agency in New Zealand, around 20 million income tax records, representing around $5 billion in financial transactions, were moved from Inland Revenue’s legacy software to a new [read more...]
One small but important change that we have noticed recently is that Google has started charging GST for it’s G Suite (email, apps and storage products) and for advertising. You’ll need to revisit any rules that you have set up [read more...]
Update June 2024: Note that from 1 July 2024, the bright line test reverts back to two years. More about this update here. From time to time we get asked by clients about moving their rental property into a different [read more...]
No business owner looks forward to a letter from the taxman requesting a closer look at the books. If you’ve received an audit letter – an official request by Inland Revenue to review your accounts and confirm your taxes have [read more...]
