Facebook can kill your job

Facebook is a marvellous way to let off steam to your friends and tell them what you really think. 
Employee Bert ran into trouble at work and his wife thought he had been shabbily treated. She sounded off on Facebook. 
This led to Bert being dismissed immediately. 
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Take care with tax when winding up your business

If you’re considering selling your business and you run it through a company, you could have a tax problem. 
You may not take out, straight away, large amounts of your capital gain on sale of the business. If you do, you might find you get an unwanted tax bill.
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Losses from rental properties

The following is the proposed tax law, which has yet to be enacted. Some of it could be changed.  
As you will know, losses on residential rental properties may no longer be claimed as a deduction in your annual tax return. 
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Snippets - Sugar Taxes

With obesity becoming an ever increasing problem in New Zealand, there is regular debate regarding the effectiveness of a sugar tax to curb the problem. There’s a lack of consensus on whether such a tax may be beneficial, yet sugar taxes are nothing new.
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Snippets - GST

GST on low value imported goods
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Winding up a company

If a company does not file its annual return with the Companies Office, it may be struck off from the Companies Register. This is sometimes used as a ‘short-cut’ method, rather than completing the short-form company liquidation process.
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When is a gift not a donation?

If an individual pays “…a monetary gift of $5 or more…” to a charity they are able to claim 1/3rd of it back from Inland Revenue (IRD). Prior to 1 April 2008, individuals could only claim donations of up to $1,890, i.e. a refund of $630. The coalition Government at the time removed this limit and increased the threshold to the amount of taxable income, to incentivise individuals to give charitably. 
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GST and land sales

In 2011 the GST Act was amended to prescribe that a supply of land between two GST registered parties was subject to a rate of 0% if the land was to be used by the purchaser to make taxable supplies and not as a principal place of residence.
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