GST on Low Value Imports
Main points of proposed change are:
- Overseas supplier to register if sales to NZ consumers (i.e. not business to business sales) expected to exceed...
Ring Fencing Rental Losses
On 29 March 2018, Inland Revenue released the officials’ issues paper on the subject of ring fencing rental losses. These are the main proposals:- ...
Crypto Currencies
Inland Revenue is considering a range of issues related to cryptocurrencies. Their thought is cryptocurrencies are property and not currency....
Use of Home for Business
You may recall there are now two ways of claiming the cost of the business portion of premises used partly for business and partly private. You will...
Mileage Rates - New Rules
Update - The following are the rates per kilometre that will apply for the 2017/18 income year:-
| First 14,000kms | After 14,000kms | |
|---|---|---|
| Petrol or Diesel | 76... |
ACC - Creating Healthier & Safer Workplaces Together
People are your business’s most valuable asset. ACC are proposing some new, enhanced products they believe will help lead to healthier and safer...
Are you prepared?
You are probably aware that the lower North Island and top of the South was hit by the Kaikoura earthquake on 14 November 2016.
Costs of Living on the Farm
IS 17/02 has been released by IRD on the 'Deductibility of Farmhouse Expenses'.
IRD's Direct Approach
There has always been an unwritten agreement between IRD and tax agents, that IRD will not contact clients directly. However IRD appears to be going...
Taxpayer friendly changes from 1 April 2017
On 1 April 2017 use-of-money interest will now cut in at an RIT of $60,000 up from $50,000. For those clients who use the standard uplift method to...
New withholding tax rules for contractors
Here's a quick overview of the new withholding tax rules for contractors which take effect from 1 April 2017, or if you haven't got your systems in...
Business Perspective - On My Hand Props, Styling and Flora
Shaye Woolford comes from a family of entrepreneurs. She always knew she’d start her own business. It was just a matter of what that might be.