Tax residency case overturned A recent Taxation Review Authority (TRA) case concluded an individual was a New Zealand tax resident despite being absent from New Zealand for a long period of time. In brief, the decision was a consequence of having an investment property that was ‘available’ to him in New Zealand and an on-going […]
Hughson and Associates were honoured to be nominated as finalists in the Professional Service category for the recent Bizlink awards. We didn’t quite take home any awards, competing with some other outstanding businesses. It was a great excuse to dress up and celebrate the nomination as an office. Check out some of the snaps below.
Staff in the News Here’s Luke (in green) playing Football for Eltham AFC against Francis Douglas Memorial College. Either bullying or being bullied, you decide. By the way, Eltham lost 6-4. Better luck next time, Luke. Friday – Mufti-Day You may have noticed, if you call into the office on Fridays, that the staff wear
As you may be aware, the IRD have changed the way they accept payments from you. From 1 October 2014, your payment needs to be with the IRD on or before the due date. This means that the common practice of sending cheques on the due date won’t be allowed. For client’s who we send
IRD – Important Changes to Payment Services Read More »
Currently, most information provided to the IRD is confidential and is not able to be shared with third parties, including other Government departments. This means that in the event the IRD investigates a taxpayer and uncovers evidence of illegal activities, under current law this information cannot be shared with the police. Under recently enacted legislation,
IRD to share information with police Read More »
If you receive any insurance payments, they may affect the amount of tax you pay. If you’re a business or rental property owner, you may need to declare some insurance payments in your income tax and GST returns. These could affect the amount of tax you pay. For example, the following insurance payments are taxable:
Declaring insurance payments Read More »
The motor vehicle mileage rate is reviewed every year and the rate for 2014 will remain at 77 cents a kilometre for both petrol and diesel fuel vehicles. You can choose to use the actual costs rather than the mileage rate. If you do this, you must keep records to support any expenditure you claim.
2014 Mileage Rates Read More »
