Budget 2014

Courtesy of the CCH New Zealand we have hand picked some highlights of the budget that may mean something to you. The much-trumpeted surplus is there, albeit not a large one: the forecast is for a $372 million surplus in 2014/15. “Modest” tax cuts are signalled as...
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Snippets: May – Jul 2014

IT system revamp for the IRD The IRD’s current IT system was developed back in the 1990s, before Microsoft Windows and smart phones. Over time the system has been modified to cater for various Government initiatives such as student loans and working for families. It is generally...
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Working with Difficult People

A ‘difficult person’ might oppose ideas, be irritating, appear negative or simply not like other people. When it comes to communicating and working with a person who is particularly difficult, we often resort to one of three assumptions: the person is ignorant the person is stupid the...
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IRD – Changes to Payment Services

The IRD is proposing to make changes to the way customers can make and receive payments to and from the IRD. From 01 October 2014 customers will no longer be able to make cheque payments or drop off returns or forms at a Westpac Bank branch. You...
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Home is where the heart is

If an individual is a New Zealand (NZ) tax resident they will be taxed on their worldwide income. Conversely, if a person is non-resident they will only be taxed on their NZ sourced income. This makes it important for a person to confirm their tax residency when...
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