News
Have overseas accounts? What you need to know
If you have an account with an offshore financial institution, including accounts maintained with certain offshore trusts, information about your overseas investments will soon be shared with Inland Revenue. What you need to know New Zealand is one of 105 countries and territories that has committed to sharing financial account information to combat global tax evasion. These laws have been in place ...
If you can’t back it up, don’t say it
If you sell products or services, you need to be able to back up the claims you make about them. A new video from the Commerce Commission gives tips for traders on false, misleading or unsubstantiated claims and how toavoid making them. Consumers rely on what you say – make sure it’s true A new video from the Commerce Commission provides advice ...
Are you making the most of your KiwiSaver?
How to qualify for the member tax credit If you’re between 18 and 65 and mainly reside in New Zealand you can qualify to receive the member tax credit. This is a government contribution of 50 cents for every dollar of member contribution you make in a year towards your KiwiSaver, up to a maximum payment of $521.43. This means you ...
Cryptocurrency - What are your tax obligations?
In simplest terms, cryptocurrency is money that only exists digitally or virtually. Cryptocurrency uses cryptography and blockchain technology to regulate its generation and verify fund transfers. There are no special tax rules for cryptocurrencies, ordinary tax rules apply.Inland Revenue have recently released Cryptocurrency and Tax guidance about how the tax laws apply to the new technology. The guidance includes answers to ...
How small businesses can use tech to be more productive
Technology offers huge opportunities for all businesses – not just the big ones. There are many ways you can use tech to help you work smarter, not harder. Here are some ideas for your business. It’s not as hard as you think You might think new technologies are out of your reach – too complicated, too expensive, and too hard to implement. ...