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Tax Talk Newsletter Autumn 2020
Working solo: Tips to stay mentally well If you work alone or in a small team, it can be easy to neglect your own wellbeing. Here are some ways to keep you feeling well and connected. Working on your own Working for yourself can have its advantages. It can offer the flexibility to choose where and when you work, and the ability to ...
Tax Talk Newsletter Summer 2020
Government Improving Protections for Consumers and Workers when businesses fail On Monday 4 November 2019, Minister Kris Faafoi released a statement announcing changes that will favourably affect consumers and workers of failed businesses. Changes to insolvency law announced by the Government on 4 November will include requirements to honour up to 50 per cent of the value of gift cards or vouchers ...
TaxTalk Newsletter Spring 2019
Provisional tax changes Safe harbour from use-of-money interest (UOMI) A law change for provisional tax modifying the existing safe harbour from UOMI came into effect from the 2018 income tax year. It may be affecting some clients provisional tax calculations. The changes increase the safe harbour from $50,000 to $60,000 of residual income tax (RIT) and extend the safe harbour to non-individual taxpayers. When ...
Tax Talk Newsletter Winter 2019
Help Your Accountant, and Yourself - Here are some of the problems we strike when preparing your annual accounts and what you can do to help us: Avoid supplying too much information – our questionnaire will list what we need. Too much information means we have to wade through it, in case there is something you intend us to see. Respond to our ...
Tax Talk Newsletter Autumn 2019
Get End of Year Right - If you want to write off a bad debt & claim your loss in the current year, you must do this before your business balance date. Depending on your system of accounting, this could involve writing something like “debt written off by me on. . . Date signed. . . .” across a copy of an ...