News
Tax Talk Newsletter Feb / Mar 16
TPP: What it means for small businesses - Negotiations for the Trans-Pacific Partnership free trade agreement have concluded. The 12 Asia-Pacific countries involved account for 36% of the global economy – but what does it mean for your business? If you export goods/services to Asia-Pacific countries, then you’re not alone. In 2014, TPP countries were the destination for 40% of NZ’s ...
IRD’s Compliance focus on undeclared cash
In 2016 IRD will be continuing our compliance focus on undeclared cash in the construction industry and hospitality sectors, building on existing educational and enforcement action. IRD’s initial construction sector campaigns in early 2015 focused on the trades in Auckland. This work has been broadened to cover all of New Zealand. Similarly, the hospitality sector is under the spotlight. IRD is continuously ...
Prep for tax time and avoid last-minute panic
You can’t avoid tax time – but you can prepare for it. Follow these tips to make it easier for your business. Get your records in order Throughout the year keep receipts, as well as invoices you’ve received and copies of invoices you’ve sent out. Keep them tidy and in order. It helps to record on each receipt the reason for it, ...
H&S: Asbestos law changes are coming in April
As of 4 April 2016, most asbestos removal work will require a licence. This will affect not only asbestos removal businesses, but also builders, roofers and other tradespeople who remove asbestos. The new laws will help make sure people removing asbestos have the skills and experience they need to keep themselves, and others, safe. Tragically, more than 170 New Zealanders die ...
Money: Brighter NZ banknotes hit the streets
Have you noticed that your cash till is looking a bit different? It could be that you’ve already received some of New Zealand’s new banknotes. New $5 and $10 notes started to be released by the Reserve Bank in mid-October, with $20, $50 and $100 notes coming in April next year. The new notes look kind of the same, but kind of ...