News
Tax Talk Newsletter Feb / Mar 2017
Making the most of Free Trade Agreements - As a small and distant country with a population of just 4.7 million, we will not become more prosperous by merely selling to ourselves. We have to earn it. That is why trade, exporting and international connections are so important to us. The Government is currently working on an update to its 20-year-old Trade ...
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, ...