Latest News

From My Desk-November 2021

Phew, that was close. With Covid getting to Stratford last week we all worried that we would again be working from home. Seems we got lucky, but even so Covid is impacting on many clients, with us undertaking many wage subsidy & resurgence payment applications on behalf of those affected. We await the outcome of

Read More »

Covid rewards

  As the world moves to a vaccine-based approach to manage Covid-19 there have been some interesting incentives to boost vaccination rates. Across New Zealand, organisations including KFC, New Zealand Rugby and local burger and kebab joints have got on board by giving away freebies to vaccinated individuals. However, Amazon’s incentives top these freebies after

Read More »

GST warranty

Near the top of the first page of the Auckland District Law Society “Agreement for Sale and Purchase of Real Estate” sits the following question: The vendor is registered under the GST Act in respect of the transaction evidenced by this Agreement and/or will be registered at settlement: Yes / No. The answer to the question

Read More »

Where is this going?

On 2nd December 2020, legislation was introduced by the Government that increased the top personal marginal tax rate to 39% on income over $180,000 from the start of the 2021/22 income year. Three other changes were included in that legislation. It introduced: new information gathering powers for the purpose of tax policy development, a new

Read More »

New tax legislation

On 9 September 2021, the Government introduced the Taxation (Annual Rates for 2021-22, GST and Remedial Matters) Bill (“the Bill”) into Parliament, containing over 100 tax amendments. Changes of note are summarised as follows. One significant amendment is in relation to purchases from associated persons. Under current law, if a GST registered person (‘the purchaser’)

Read More »

Challenges and opportunities in a turbulent job market

In the middle of a pandemic, it can seem at times that the grass is greener elsewhere. Almost two years into a global health crisis that many could not have imagined in their lifetimes, the concept of lockdowns, working from home, a fading connection to the workplace, and the overwhelming feeling of burn-out is driving

Read More »

Clarity for property investors

In March 2021 the Government announced changes to the bright-line test and interest deductibility for residential properties. Following the release of a discussion document in June, there has still been significant uncertainty regarding the specific details of how the new rules will apply. However, the government has now provided clarity through the release of draft

Read More »

DairyBase NZ

DairyBase is a tool to help you to better understand your farm system and how it’s performing, by comparing key performance indicators and determining what is working well, and then identifying opportunities for improvement. With DairyBase you will better understand your farm’s performance, find & identify opportunities to drive profit, make confident and effective decisions, track

Read More »

Self-employed meals

  If an individual operates as a sole-trader, as opposed to trading through a company, it allows for a simplified structure with fewer formal set up tasks (and costs) and greater flexibility and control. However, differences can arise in how the income and expenditure of a sole trader is calculated, compared to a company. Tax

Read More »

Olympic pandemic

  The 2021 Olympics will be like no other. It is the first ever Olympics to have been postponed. Previously, two Olympics were cancelled during the two world wars, but never postponed. It is the first-time karate, surfing, climbing and skateboard have featured, and baseball and softball return after a 13-year absence. It is also

Read More »

Cryptocurrencies – Are they on your radar?

  Cryptocurrencies have been garnering worldwide attention recently, particularly with Bitcoin’s dramatic rise to over NZD$90,000 for a Bitcoin in April 2021, and its subsequent 50% crash through May and June. Other cryptocurrencies, deemed ‘altcoins’, have also seen similar price volatility. These coins adopt the same principles as bitcoin, with slight changes and tweaks to

Read More »

Paid parental leave for who?

  Earlier this month, the Government released Budget 2021. Included in the budget was a boost to all main benefits, including an increase to paid-parental leave. From 1 July 2021, eligible parents will be entitled to a maximum of $621.76 a week (before tax), an increase of 2.5% on the prior rate of $606.46. While

Read More »
Scroll to Top