Farmhouse Expenses The IRD have long permitted a straightforward concession allowing a flat 25% deduction for farmhouse expenses, as well as 100% deductions for interest and rates. The concession is not legislated and dates back to the 1960s, when farm ownership and operating structures were generally less complicated than they are today. However, IRD recently […]
Snippets: Nov 2016 – Jan 2017 Read More »
As we come to the close of 2016, the last 10 months have seen many businesses across New Zealand face a variety of, sometimes overwhelming, but always unique challenges. Through this, the ability to engage and retain valuable employee’s remains a critical risk for all, not only for the financial impact; but also as it
Attracting & Retaining your Top Talent Read More »
Over the past few years there has been a pronounced improvement in the manner in which Inland Revenue selects and conducts its investigations. There has been an increased focus on data analysis, comparisons to statistical norms, and use of external information such as land transfer data. As a result there is an increasing need to
Irrespective of the size of a business, one of the challenges for any business owner is to be able to attract and retain talented staff. One means to do so is an effective remuneration package that motivates staff in a way that aligns their performance with the owners’ business objectives. Not every individual is driven
Employee Share Schemes Read More »
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
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
Snippets: Aug – Oct 2016 Read More »
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
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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
Winding up a Company Read More »
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
Taranaki Rural Support Trust Read More »
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
