Latest News
From My Desk…
Fonterra has blessed us with long awaited news of a lift to $6! This will certainly help our farming clients and will flow through to our retail and commercial clients in due course, helping the townies. With this lift taking us well up from the $3.90 of last season and the initial forecasts of $4.25
Snippets: Aug – Oct 2016
Landlord’s Legal Obligation From 01 July 2016 new regulations came in effect that require landlords to have working smoke alarms in their rental properties. The requirements state that there must be a minimum of one working smoke alarm within three metres of each bedroom door, and in a self-contained caravan, sleep out or similar there
Labour’s housing policy
The Labour party has recently released an overview of its new housing policy designed to tackle New Zealand’s housing “crisis”. Labour are of the view that property “speculators” are driving house prices out of reach of first home buyers and have proposed new measures to resolve the issue. There is currently a lack of detail
Winding up a Company
Recently, there has been an increased level of sophistication on the part of Inland Revenue (IRD) when reviewing company windups. Important points to bear in mind when winding up a company are outlined below. Before applying to the Companies Office for removal from the companies register, a company should have discharged its liabilities to all
Taranaki Rural Support Trust
Fostering and supporting the well-being of all Taranaki rural people When circumstances beyond your control lead to a climatic, financial, environmental or personal crisis, the Taranaki Rural Support Trust is ready to help. Services are free and all calls are confidential. The Taranaki Rural Support Trust is part of a nationwide network of Rural Support
May tax Bill
In May 2016, the Government introduced the Taxation (Annual Rates for 2016–17, Closely Held Companies, and Remedial Matters) Bill (the Bill). Some of the key changes proposed in the Bill are outlined below. Tainted capital gains Capital gains derived by a company from the sale of a capital asset are able to be distributed tax
Witnessing History
Over the last few months we have witnessed history, with the majority vote in favour of Britain leaving the European Union (EU). This was a surprise to many, and sent shockwaves around the world. In the days following the vote, the value of the pound declined substantially, and this instability may continue into the future
Winter blues tips
With positive thoughts we experience pleasant and happy feelings. Unfortunately, in the midst of winter, it is easy to lose sight of our positive thoughts where the days are short, the temperature low and grey clouds surround us. However, it is important to make the effort to maintain a positive outlook on work, family and
From My Desk…
Greetings, We hope calving is going well this year. With a few beautiful days of sunshine and Fonterra’s promise of $0.50¢ increase, morale has certainly improved. Last week GDT showed another good lift, let’s hope this cements the $0.50¢ and may mean that they give out more than $0.10¢ before Christmas. Its springtime and the
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
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
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
