News
Tax Talk Newsletter Dec 16 / Jan 17
Audits: What to do when IRD calls - What’s an audit? An Inland Revenue audit looks at your financial affairs to make sure you’ve paid the right amount of tax and complied with tax laws. It could be a simple check of your GST registration or a full examination of all your business and personal records. Who gets audited? Inland Revenue can audit any ...
Tax Talk Newsletter Oct / Nov 16
More tax changes afoot - The Inland Revenue Department and the Government have recently introduced a multitude of tax changes. We outline some of the important ones below. More on company cars and FBT From 1 April 2018, the Government is proposing to let close companies (most small companies) calculate the private use of a company car in the same way as a ...
TaxTalk Newsletter Aug / Sep 16
Phone Phishing Scam - Over the past two weeks Inland Revenue has received reports of a telephone phishing scam from several hundred customers around New Zealand. The scam calls have been made to landlines and mobile phones, with messages being left on voicemail if the calls haven’t been answered. The callers state that they are from the Inland Revenue Department and the following ...
Tax Talk Newsletter June / July 16
New tax rules coming - From 1 April 2017 there are going to be a number of significant tax changes. Proposals include the following: Use of Money Interest (UOMI) UOMI is a charge on higher incomes for short paid tax. Currently, if the tax on your personal income for the year is less than $50,000, after deducting all other taxes paid as you go, ...
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 ...