New law will make dirty money easier to spot

Money laundering is big business in New Zealand. Every year $1.35 billion of fraud- and drug -related money is laundered through seemingly legitimate businesses. In response, the Government introduced specific Anti-Money Laundering and Countering Financing of Terrorism legislation to address this risk. Read more…

Presents and parties - getting the tax right

Are you planning a Christmas event for your clients? Is gift-giving on your to-do list?

Take a minute to refresh yourself on what is deductible as a business related expense. Read more…

IRD has good news and bad news on FBT

You may provide company vehicles to some employees. In some cases, the vehicle is a work tool – for example, a ute for a project manager. In other cases, it is part of a salary package.

Whatever the reason, Inland Revenue has good news and bad news. Read more…

New Zealand trust law to be overhauled

Parliamentary plastic surgery is in store for the Trustee Act, to make trust law easier to access and understand.

On 1 August, Justice Minister Amy Adams introduced the Trusts Bill to Parliament. This will be the first significant change since the introduction of the Trustee Act 1956. Read more…

Small changes make a difference

As a chartered accountant knowing what my business does has always been straightforward - our services help our clients. We save them tax, eliminate their stress of dealing with Inland Revenue, and help them with their business or trust.

But why do we do it? (and it's not to make money, this is a result). Why do we get out of bed in the morning, what is our purpose, and why should you care?

The answer is simple. We are in business to make our clients' lives easier. Read more…

Keep cash crowned as king

If you want to succeed in business, understand that Cash is King. Your business can't survive without cash.

The following six takeaways are essential for business success: Read more…

Slow payers cost you real money

You know you have to get your debtors to pay, but do you understand the true impact of slow payers? Without a realistic picture of the direct and indirect costs of slow payment, your debt management practices may hurt your business. Read more…

Save IRD interest and eliminate penalties

Do you owe provisional or terminal tax to IRD? If so, you can save up to 30% on interest costs and eliminate late payment penalties by purchasing back-dated tax from a tax pooling intermediary such as Tax Management NZ (TMNZ). Read more…

Pay your provisional tax when it suits you

It's not easy to pay the right amount of provisional tax if your income is seasonal or volatile. This is when tax pooling is useful.

Using a tax pooling intermediary such as Tax Management NZ gives you the following benefits:

  • Flexibility to manage your tax payments to suit your cashflow
  • Eliminate late payment penalties
  • Reduce interest costs by up to 30%.
Read more…

How the new provisional tax rules affect you

April 1, 2017 sees the biggest shake-up to New Zealand's provisional regime in twenty years. What does it mean for you? 

For provisional taxpayers who pay using the standard method, there are two changes to the way IRD will charge UOMI from the 2018 tax year. Read more…

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