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We offer a Xero-based monthly accounting service which includes your end-of-year tax returns and your Companies Office returns for one low monthly fee through our sister company iccountant.co.nz. 

Admin & Accountancy in one simple cost-effective package!  ... more



Accounting and taxation services, tax returns, GST returns, support and training.  We specialise in small and home business accounting.

Auckland based, we have clients throughout the North Island, and in Europe.  Find out why so many want to deal with EpsomTax.com:  Contact us today.





International tax compliance can be complex and difficult. To help you get it right, IRD have compiled the following list of commonly misunderstood tax facts relating to individuals:*
  1. New Zealand residents aren't just taxed on the income they earn in New Zealand, they're also taxed on their worldwide income.
  2. If you leave the country but maintain a permanent place of abode here, you're still a New Zealand resident for tax purposes.
  3. Foreign income including investments (even if deposited in an offshore account or left on a foreign credit card) is taxable in New Zealand even if it's not repatriated to New Zealand.
  4. Equally, the fact that withholding tax may have been deducted on foreign income doesn't mean that this income is no longer taxable in New Zealand.
  5. A foreign tax credit may be available but only where the tax involved is not subsequently refunded (even in a later income year), it's substantially similar to income tax and can't exceed the tax otherwise payable on the underlying income in New Zealand.
  6. Not all overseas pension payments are tax-free, certain ones may be fully taxable in New Zealand.
  7. Special taxing regimes (controlled foreign company and foreign investment fund rules) apply to gains on certain foreign shareholdings, retirement schemes and life insurance investments.
  8. Additional disclosures are required in respect of controlled foreign companies and foreign investment funds.
  9. Allowances that may be treated as tax-free in other countries (for example, living-away-from-home allowances) are generally fully taxable in New Zealand.
  10. The temporary tax exemption on foreign income for transitional residents expires after 48 months and there's no entitlement to Working for Families Tax Credits during the period of the exemption.
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Text sourced from Inland Revenue Department (IRD) website. Click here for source page.  All intellectual property rights and trademarks belong to IRD. 
Garreth Collard is a registered IRD Tax Agent.  EpsomTax.com Ltd does not claim any other special endorsement from IRD.
Business Health Check
The Business Health Check is an easy-to-use tool that can assess your business health against 5 business management areas. It won't take you long to complete (as little as 10 minutes) and you can choose which areas of your business to analyse.  At the end of the process you will receive a downloadable list of recommended actions for you to take.




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