The Labour coalition made immediate changes when they were elected into government, starting with repealing National’s planned tax bracket changes. Labours new ‘mini-budget’ is intended to benefit low-income earners, middle-income families with children and lift children out of poverty. The package entails: Increasing the Family tax credit by between $575 to $1,400 per year. Increasing […]
Mini-budget – Families Package Read More »
When an asset, such as a bach or a boat, is used both privately and to generate income, prescriptive rules exist within the Income Tax Act that determine the extent to which a tax deduction is available. Expenses broadly fall into three categories: fully deductible, non-deductible and apportioned. An expense is fully deductible if it
You may have heard the term ‘internet of things’ (IoT) bandied about recently, but what exactly is it? IoT is the name given to interconnected devices that can communicate with each other via the internet, through the sending and receiving of data. The IoT is rapidly changing the world in which we live, albeit somewhat
Internet of things Read More »
Greetings I hope you all had a marvellous Christmas and happy new year! The drought has now been confirmed and as a result the Government has allowed a relief package to assist affected farmers. Please contact our office if you wish to discuss these options. The office has now made the jump to the cloud
“Movember” “Huey, Dewey & Louie” ??? Pictured are Mark Potts, Mark Hughson and Daniel Keller. Each took on the challenge to grow a “Mo” in November. Pottsy was late off the starting blocks but not a bad effort for eight days growth.
Introducing… Theo William Hughson We congratulate Mark & Rachel with the latest edition to the Hughson household. Patea Office We have returned to Patea. Our new office is situated at 103 Egmont Street (Laurie Gibbs former office) at the back of the old ANZ Bank building. Every Thursday Brenda Pittams will
Sneezing colleagues Modern workplaces are increasingly open plan, so sneezing colleagues are hard to miss during the flu and hay fever seasons. Many would be able to name one or two people with particularly loud or interesting sounding sneezes, but funnily enough research has found that the sounds made when people sneeze are all for
Snippets – Nov 17 – Jan 18 Read More »
Traddies have been under the watchful eye of Inland Revenue (IRD) for the last few years since being identified as a cash-dominated industry in 2012. A media campaign has recently been launched to warn tradespeople that doing ‘cash jobs’ may comprise tax evasion, and that every cash job leaves a trail (or lack of a
Voluntary Disclosures Read More »
Business owners and managers are often focused on a company’s financial performance, return on investment and other monetary indicators of business success. Intangible investment in human capital can commonly be overlooked as it can be difficult to measure improvements, or any direct increase in outputs. However, employee effectiveness is critical to the performance of all
In today’s fast changing commercial environment, it is common for employers to provide board or accommodation to employees, and move staff to new locations based on the needs of the business. This can occur when permanently moving an employee to a new location, or when temporarily seconding an employee to a different location. The value
Accommodation Allowances Read More »