News
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 ...
Tax Talk Newsletter Summer 2019
Family Business Planning Over Summer - The summer holidays offer a good opportunity to get together and discuss plans for your family business. But there are some rules you should follow to make sure it’s only the barbeque that gets heated! Dinner discussions: Why they're important Working in any family business – where two or more family members work in a business owned ...
TaxTalk Newsletter Spring 2018
AML Law Changes - Justice Minister Andrew Little has launched a public information campaign to raise awareness about the problem of money laundering by domestic and foreign criminals here in in New Zealand. “The Keep Our Money Clean campaign is about keeping our international corruption-free reputation and making sure Kiwi businesses are informed and prepared,” says Andrew Little. “The campaign starts today and uses print ...