Can you steal GST? Whether a price includes GST or not is important to know for the price of a product. In the case between the New Zealand Police and Genesis Pure, ‘GST’ became the difference between a maximum penalty of seven years in jail, or one. Mr Pure was charged with stealing an iPhone…
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Emerging from Covid-19
As New Zealand moves down the COVID-19 alert levels businesses face a long transition period from the unknown to the ‘new normal’. Social distancing, strict health and safety guidelines, restricted international and regional travel are amongst numerous practises that will likely continue to apply for as long as COVID-19 remains a global threat. This may…
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Property sales – business premises exclusion
The land taxing provisions deem certain sales of land to be subject to income tax, subject to a limited number of exceptions. One such is exception is for ‘business premises’. However, the circumstances in which it applies can be a grey area. Hence, two recent ‘Questions We’ve Been Asked’ (QWBA) issued by Inland Revenue (IRD)…
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In the Office…
Introducing our new staff… Sarah McIntyre I am a Chartered Accountant with over 10 years experience working in Public Practice accounting having previously worked for Tandem Group and then Baker Tilly Staples Rodway Taranaki. I also have a Bachelor of Commerce and Administration majoring in Accounting, having studied at Victoria University in Wellington. During my…
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