In the Office…
Congratulations to Rachel in achieving her Bachelor of Accountancy and to Lillian (below) for obtaining a Diploma in business studies – Accounting technicians diploma. Congratulations to you both.
Snippets
Summary of IRD rates Use-of-money interest – the rates on underpaid and overpaid tax rose on 8 May 2015. The interest rate charged on underpaid tax went from 8.40% to 9.21%, and the rate for overpaid tax rose from 1.75% to 2.63%. This movement aims to align the rates with the market interest rates and
Health & Safety Reform
Each year on average, 75 people die on the job and 1 in 10 people are injured at work. With statistics this high, it’s not surprising the Government is reforming New Zealand’s health and safety landscape. A new Health and Safety Reform Bill (the Bill) is currently before Parliament and is expected to pass later
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2015 Budget
The 2015 budget didn’t really throw up anything too exciting. If you are interested, here is a brief summary courtesy of CCH New Zealand: “No surprises” Budget — well, mostly The big tax headlines were made prior to the budget, with pre-Budget announcements extending the tax rules for residential property sales. Budget 2015 sees some
Struggling to Pay your Tax?
Concerned about meeting your future tax payments? Speak with Dorothea or Brenda Pittams re: tax arrangements with IRD. You are better off to sort this before the tax is due and reduce the penalties IRD will charge rather than to put your head in the sand and ignore tax. The problem will not go away!
Struggling to Pay your Tax? Read More »
Spring Clean
We have recently gone through the end of another financial year, and we now turn our minds to looking forward and where to from here. As part of this process, it is worthwhile looking at your business’s structure and whether it needs a ‘spring clean’. It is surprising how often companies are set up for
New Tax Bill
On 26 February 2015, the Government introduced the Taxation (Annual Rates for 2015 – 16, Research and Development, and Remedial Matters) Bill (the Bill). It is the first sizeable bill to introduce amendments to the tax rules since November 2013. The Bill contains changes intended to address tax impediments to research and development (R&D) and
Do Hughson & Associates pay wages and/or PAYE on your behalf?
Attention all wage clients, if we complete wages and/or PAYE for you and/or your business/company/trust etc, could you please make sure that you are informing Lillian with any of the following leave/bonus details: Sick leave taken Annual leave taken Statutory/Public holidays worked – employee will receive time and a half plus a day in lieu
Do Hughson & Associates pay wages and/or PAYE on your behalf? Read More »
Modernising New Zealand’s Tax System
The Government has released two discussion papers to engage in public consultation on options for simplifying and modernising New Zealand’s tax system. The documents introduce taxpayers to the general direction the Government intends to take to improve administration of the tax system. Basically, the Government wants to simplify tax for individuals and businesses by reducing
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From My Desk…
The new financial year is here and the work seems to be flying in faster than previous years. I suspect that for our farming clients this is due to worry around the payout and the effect this will have on the resulting tax. It certainly is going to be a testing time for many farmers
