News
Tax Talk Newsletter Feb / Mar 16
TPP: What it means for small businesses - Negotiations for the Trans-Pacific Partnership free trade agreement have concluded. The 12 Asia-Pacific countries involved account for 36% of the global economy – but what does it mean for your business? If you export goods/services to Asia-Pacific countries, then you’re not alone. In 2014, TPP countries were the destination for 40% of NZ’s ...
Tax Talk Newsletter Dec 15 / Jan 16
Tax on Christmas parties and presents - It’s coming up to that time of year when you might be planning a staff Christmas party. It's great for morale and a chance to mark the end of the year. But what are the tax considerations? You may be able to claim as business expenses events such as Christmas functions or giving gifts to ...
TaxTalk Newsletter Oct / Nov 15
Cash deals aren’t tax-free income - The government uses taxpayers' money to pay for services we all need, such as healthcare, education, environmental protection and recreation. While most people pay the right amount of tax, IRD knows some people think they don't have to pay tax if they're paid in cash. By not declaring all their income, people who do un-taxed "cashies" ...
TaxTalk Newsletter Aug / Sep 15
What employers need to know about KiwiSaver - As an employer, you play an important role in helping your employees save for their retirement. There are some things you must do and some things you should keep in mind about KiwiSaver for your employees. All employers must: offer KiwiSaver to all their employees who meet the eligibility rules give a copy of the ‘Your ...
TaxTalk Newsletter Jun / Jul 15
Budget 2015 - Extra property tax measures - The Government is taking extra steps to bolster the tax rules on property transactions – including those by overseas buyers - and to help Inland Revenue enforce them. The 2015 Budget confirms that, from 1 October this year, the following will be required when any property is bought or sold: All non-residents and New Zealanders ...