News
Don’t tell us your Problems!!
An elderly couple were having lunch at a café. After half an hour the grumpy old man called the waitress over and said their quiche had not arrived. When told half an hour was too long to wait for his lunch, the waitress said the cafe was very busy. Never tell customers your problems. Just put things right as quickly as ...
Government seeks feedback on new business tax package
The Government is now consulting on 16 new tax initiatives aimed at providing more certainty - reducing stress and making it easier for business owners to better manage their tax affairs. Included in the package is a new Accounting Income Method (AIM) option for paying Provisional Tax as businesses earn income. This will come into effect on 1 April 2018. You ...
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/ ...