Latest News

In the Office…

We welcome to the team –   Anna Cowan (left), our new receptionist.  Anna has returned to New Zealand after being in the UK for the past 11 years.  She previously worked for Imtech Inviron, a facilities management company in the UK.   Breanna Tosland (right) – a part-time payroll and administration assistant.  Breanna has…
Read more

Snippets…May – July 2016

Review of New Zealand foreign trusts The Mossack Fonseca document leak and the major media backlash that followed has been well publicised. However, it remains unclear what role New Zealand plays in the international tax avoidance scandal and how the Government might legislate to tighten up the current rules. An independent enquiry of our foreign…
Read more

Slammed for gross carelessness

A self-proclaimed tax agent has been found by the Taxation Review Authority (TRA) to have taken an unacceptable tax position and demonstrated a high level of disregard for the consequences of claiming GST refunds over a two and a half year period. The taxpayer claimed a GST refund for five consecutive six month periods from…
Read more

No relief for earthquake strengthening expenditure

According to the Inland Revenue (IRD), commercial building owners should be denied a deduction for expenditure incurred in determining whether their buildings meet new earthquake protection standards. IRD’s draft Questions We’ve Been Asked pub00223, (QWBA) publication asserts that expenditure incurred on detailed seismic assessments (DSA’s) is capital in nature and therefore non-deductible because it relates…
Read more