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Further TAA Consultation Announced

On 8 December 2016, the Minister of Revenue, the Hon Michael Woodhouse, released the discussion document, “Making tax simpler — proposals for modernising the Tax Administration Act”. The document contains detailed proposals developed following the first round of consultation in November 2015. In November 2015, the Government released the discussion document, “Making Tax Simpler: Towards

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ACC Levies

Partnership income earned as a result of “active” (physical or administration) involvement is liable for ACC levies, which will be invoiced by ACC.  If your involvement in the partnership income is an administration only role we can change your classification to “administration”. If your share of this income is received in recognition of your capital

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Trust Reforms

Trusts are a popular way of protecting property and managing assets in New Zealand. The number of trusts we have in New Zealand is unknown, but estimates put the figure between 300,000 and 500,000. The legislation governing NZ trusts has remained unchanged for decades as it has been predominantly governed by the Trustee Act 1956.

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From My Desk

Greetings After a wonderful summer for dairy farmers we now get a very wet autumn. The team at Hughson & Associates are all back from their breaks and working hard on the 2017 financials that flow in after 31 March. This edition contains an article relevant to our TRUST clients.  This New Act is a

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