We welcome to the team – Anna Cowan (left), our new receptionist. Anna has returned to New Zealand after being in the UK for the past 11 years. She previously worked for Imtech Inviron, a facilities management company in the UK. Breanna Tosland (right) – a part-time payroll and administration assistant. Breanna has […]
According to the Inland Revenue (IRD), commercial building owners should be denied a deduction for expenditure incurred in determining whether their buildings meet new earthquake protection standards. IRD’s draft Questions We’ve Been Asked pub00223, (QWBA) publication asserts that expenditure incurred on detailed seismic assessments (DSA’s) is capital in nature and therefore non-deductible because it relates
No relief for earthquake strengthening expenditure Read More »
If you are struggling to pay your accountancy fees, please contact either Dorothea or Brenda Pittams so we can arrange a repayment plan. We know times are tough and we would like to work with you rather than referring you to a debt collection agency. There are options we can suggest to help. Communication is
Hughson & Associates Fees Read More »
Staff Leaving… As most of you are now aware, Luke Kemeys left us in November after four years of service. He’s working in Auckland until the middle of next year before embarking on some travel through the USA and then onto Brazil where him and a group of friends from university will support another university
As part of Budget 2015, the Government has passed into law a “bright-line” test for the sale of residential property. The test will require income tax to be paid on any gains from the sale of residential property that is bought and sold within two years. This came into effect from 01 October 2015. What’s
Bright-line Property Rule Read More »
Imposing Goods and Services Tax (GST) on the digital economy has been a hot topic this year as New Zealand retailers push for equal GST treatment between local and foreign suppliers. At present, foreign providers of cross-border services and intangibles (including music, e-books, videos and software purchased from offshore websites) do not have to pay
GST on Foreign Supplies Read More »
Tax inspectors without borders A new initiative, dubbed “tax inspectors without borders” has been launched to help poor countries crack down on tax avoidance and fund their own development. According to policy research group, Global Financial Integrity, nearly US$1 trillion is estimated to leave poor countries each year in illicit finance, stemming from tax evasion,
The Government wants to change the law so that everyone renting in New Zealand can live in safer, warmer and healthier homes. Lets see what this means for tenants and landlords. If the changes go ahead, all rental properties would have to meet new insulation standards and be fitted with smoke alarms. This would ensure
Are you a Landlord? Tenancy Law Changes coming Read More »
There is currently significant public interest in the New Zealand housing market, whether it be issues relating to the Auckland ‘bubble’, property speculation, non-resident buyers, banking restrictions or a combination of these. In response, the Government is introducing a number of changes designed to either directly influence the market, or assist with decision making when
Land – themes of change Read More »
