News
Tax Talk Newsletter Apr / May 16
Meeting tax payments on 7 April -Payments for end-of-year income tax, student loans and overpaid Working for Families Tax Credits for the 2015 tax year are due for all customers who have an extension of time because they are on a Tax Agents list. If you are worried about meeting this deadline, check out IRD’s payment options. This March, IRD will be ...
New calculators and decision tree for property sales
IRD have got two new calculators and updated the decision tree to help you work out: if a property sale is taxable or not what the net profit or loss is on the sale, and the income or loss to show in the income tax return, including the new bright-line loss treatment rule when there are up to five property sales. Property tax decision ...
Making Small Business Tax simpler – changes ahead
NZ’s tax system is recognised as one of the best in the world. But the way we manage it needs to improve. Every time you do your tax it costs you time and money. And those costs add up if you often transact with Inland Revenue. Transactions also cost Inland Revenue time and money and, as taxpayers, you pay for that ...
No more ACC residual levy — will your bill go up or down?
The removal of residual levies from April 1 could see your overall levy bill fall. But this depends on which industry you’re in. For some businesses, the overall levy may rise. Up or down for you? Click here for more info http://www.residuallevy.acc.co.nz/ ...
A labour inspector (might) call
Enforcement of employment standards When: 1 April 2016 What: Changes will strengthen the enforcement of minimum employment standards, eg minimum wage and holidays entitlements. These include a new infringement notice regime, clearer record-keeping requirements, and tougher sanctions for the most serious breaches, such as exploitation. Why: To help protect vulnerable workers and to make sure workplaces are fair and competitive.Read more about ...