News
Tax Talk Newsletter Aug / Sep 2017
Residential care: income derived from gifted assets not to be taken into consideration for income assessment purposes - In Broadbent v The Chief Executive of the Ministry of Social Development [2017] NZHC 1499 (essentially a test case), the key issue was how any gifting that falls within the gifting threshold of $27,000 pa permitted under the relevant social security legislation is ...
Small Business continue to drive economy
Small Business Minister Dean has today welcomed the release of the Ministry of Business Innovation and Employment’s 2017 Small Business factsheet. “The factsheet brings together statistics that relate to small businesses, and provides us with an overview of how valuable they are to the New Zealand economy,” Ms Dean says. “Businesses with fewer than 20 employees make up 97 per cent of ...
Exporters: Get a big tick for your products
Products grown, made or designed in New Zealand are in demand worldwide. A FernMark Licence is the government-registered trade mark that shows customers around the world that yours is a Kiwi product and they can buy it with confidence. Customers around the globe want to know that premium products are safe and authentic. Research has shown that overseas consumers are drawn ...
ACC motor vehicle levies fall
Driving is about to get cheaper. From July the average Motor Vehicle levy will fall by 12.5%. This means petrol will get a little cheaper too. From July 1 2017, the average Motor Vehicle levy, which includes the ACC levy portion of the rego and the petrol levy, will fall by 12.5% — from $130.26 to $113.94 a vehicle. The petrol levy ...
Retirement planning for small businesses and sole traders
Saving for retirement can be a challenge if you are self-employed or run your own business. This is particularly true if you invest most of your income back into your business. These tips from Sorted can help. Start planning now Setting realistic goals and making a plan to work towards them is key. Just like employers contribute to their employee’s retirement, you ...