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Subdivisions and Developments

If you are planning on undertaking a subdivision or development, or are in the process of completing one, its pays to get some advice on your tax obligations. Unless your subdivision is on a very small scale (minor subdivision), it is likely to be…

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New ASB App

Bank with ASB? Running a business? Using Xero, Vend or Shopify? Great news! ASB have launched a new App called ASB Plus. It brings all these business tools together into one easy-to-access place. Read more here:…

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Company Liquidations

Due to an asset sale, a business sale, a business failure or possible liabilities in the future, it may be time to liquidate a company.

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Winding up a Trust

When a trust is at the end of its life, no longer fulfilling the purpose intended or hopelessly insolvent it may be time to wind the trust up.

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Motor Vehicle GST Apportionments

Change of Use and GST Apportionments on Motor Vehicles

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Changes to IRD penalties and interest

Great news! The IRD has changed the safe harbour threshold before UOMI (Use-Of-Money Interest) applies to be increased from $50k to $60k for individuals and non-individuals alike.

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Proposed Changes to Schedular Payments

There may be changes coming in relation to schedular payments. The Taxation Bill is expected to be passed in March 2017 and if enacted, this will change obligations for contractors from 1st April 2017 onwards. Instead of the existing tax code declaration…

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Public Holidays

The Holidays Act was amended in January 2014 to enable Waitangi and ANZAC public holidays to be Mondayised if they fall on a weekend day that an employee would not otherwise have worked. For employees who would not otherwise work on that Saturday or…

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2017 End of Financial Year Information

It’s that time of the year again when you need to start getting your records ready for us to prepare the annual financial statements and tax returns. Ensuring that your records are complete can reduce the amount of time we spend preparing your accounts.

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Childcare in NZ more costly than most of the world

Childcare in New Zealand is more expensive than almost every other country in the western world. The OECD says Kiwi families are spending almost a third of their household income on childcare. The only county ahead of us on the list is the UK, where it…

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ACC Cover Plus Extra

ACC CoverPlus Extra CoverPlus Extra is an optional product that lets self-employed people negotiate a pre-agreed level of cover. This way you will know exactly how much money you will receive if you have an accident. The differences between ACC…

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IRD GST is changing on 7 February

The IRD are in the process of improving how customers manage their GST through myIR Secure Online Services. All of IRD services will be unavailable from 3pm Thursday the 2nd of Feb until 8am Tuesday 7th of Feb (Waitangi Weekend) while they make their…

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