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Mini-budget – Families Package

The Labour coalition made immediate changes when they were elected into government, starting with repealing National’s planned tax bracket changes. Labours new ‘mini-budget’ is intended to benefit low-income earners, middle-income families with children and lift children out of poverty. The package entails: Increasing the Family tax credit by between $575 to $1,400 per year. Increasing […]

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Internet of things

You may have heard the term ‘internet of things’ (IoT) bandied about recently, but what exactly is it? IoT is the name given to interconnected devices that can communicate with each other via the internet, through the sending and receiving of data. The IoT is rapidly changing the world in which we live, albeit somewhat

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Technology and R&M

The condition of New Zealand’s housing stock was hotly debated during the lead up to the election. Houses that were acceptable in the 1970’s are now considered outdated and low quality for 21st century living. With the introduction of a new Government we are waiting to see what changes will be implemented for landlords, for

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Budget 2017

Budget 2017 presented a broad range of small yet smart changes that target working families and low income earners. From a tax perspective, the key changes are predominantly to the income tax thresholds, working for families’ package and the independent earner tax credit. All taxpayers will benefit from the tax cuts, and it is hoped

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Dorothea

It is with a heavy heart we say farewell to Dorothea, who is retiring on 01 June 2017.  Dorothea (also known as “Dotty” or as she would prefer “Duchess”) has put together a few final words. “The time has come for me to ‘bow out’ and enter another journey of my life.  I have enjoyed

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In the Office…

Introducing…   Daniel Keller, Client Manager. Accounting in school is where I found my passion for the profession.  I went to Massey University in Palmerston North to study a Bachelor of Accounting. Halfway through, I decided I wanted to work alongside University, so now I work at Hughson & Associates while studying part-time. In my

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Taxation of Insurance Receipts

New Zealand has taken a battering in recent years from major disasters including earthquakes, fires, cyclones and floods. These have caused business disruptions, devastated lands, and damaged our capital’s infrastructure and homes. Where insurance is received, a question often asked is how these receipts should be treated for tax purposes. Whether insurance proceeds are taxable

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