GST reform

Inland Revenue has come up with some proposals for improving the GST system. Among these are reducing some of the requirements for a tax invoice:

read more

In-Work Tax Credit

Taxpayers will be able to keep receiving the In-Work Tax Credit for up to two weeks when taking an unpaid break from work. This could arise when transitioning to a new job.

read more

Change afoot for losses carried forward

New Zealand has had one of the harshest tax schemes in the OECD when it comes to allowing company losses to be carried forward.

read more

Pay the experts and avoid the DIY disaster

In most, if not all industries, you get the best results from good systems, experience and expertise. 
read more

When is a gift really a gift?

A gift is not really a gift if you get a benefit as a result of it. 
read more

Contractor or employee?

Recently, Inland Revenue has produced an eNewsletter in which it reminds readers of the legal tests required to determine whether someone working for you is an independent contractor. 
read more

Know the bright line test

The last National Government introduced a so-called “bright line test” for people who sold residential property after owning it for only a short time. 

read more

Covid Support Schemes

Schemes to help businesses get through Covid-19
read more
Subscribe to RSS - blogs