The 2024 tax year-end is approaching! Ensure a smooth transition for your New Zealand business with our essential guide. Discover last minute tax tips, checklists, and tax changes coming to maximise deductions, save tax and set your business up for success for FY25. Don’t let tax season stress you out – let our guide empower you for a successful year-end!

It’s been a financial rollercoaster of a year for most Kiwi businesses. Christmas time invites us to pause and celebrate what’s gone right and to thank the people we have […]

Explore the intricacies of tax-deductible entertainment expenses in our comprehensive guide. From corporate events to deductibility rules, navigate with confidence.

Did you buy land with the intention to sell?

If you bought land with the intention to sell, expect to pay tax on the profits. It doesn’t matter how long you own the property prior to sale, the intention test overrides other land taxing provisions including the bright-line test for residential land. There are, however, exclusions for the family home and for business premises.

When will ring-fencing of rental losses apply from? The Taxation (Annual Rates for 2019-20, GST Offshore Supplier Registration, and Remedial Matters) Bill, introduced 5 December and currently open for submissions, […]

Ensuring your business and personal affairs are structured into the appropriate legal structures is an essential and ongoing exercise. Appropriate tax planning lets you know how much tax you have […]

When does payday filing begin? Currently you can voluntarily choose to payday file instead of filing an Employer Monthly Schedule (IR348) every month.  However, the much-anticipated payday filing regime kicks […]

IRD into Stage Two of Business Transformation
The IRD has been working hard to be easier to do business with. It’s new tax system is currently kicking in, giving you new and simpler ways to manager your GST obligations through myIR.
Enhancements include the traceability of GST transfers and Notifications and Alerts sent when there is something for you to do in your myIR account.

The Minister of Revenue has confirmed the bright-line test on residential property sales will be extended from two years to five years. At present, income tax must be paid on […]

The holiday season is a time for rest and celebration, but don’t forget about your payroll obligations! This article provides tips for ensuring a smooth holiday period for both you and your employees/contractors. Learn about planning payments in advance and automating them for a stress-free break.