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RING-FENCING RENTAL PROPERTY LOSSES: PART 1. IRD released a proposal to ring-fence rental property losses. What does that mean for you?

TAX CUTS Tax changes afoot! But what? Currently (in mid-2017), the tax thresholds are as follows (before the 39% rate of 2021 was introduced):   As you may recall, these were to be changed. However, due to a change of government, there will be no change to these tax rates. There will no doubt be…

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PROVISIONAL TAX CHANGES From the 2018 income year (that is, 1 April 2017 onwards), the safe harbour threshold has been increased! Hooray, I hear you say. It’s gone from $50,000 to $60,000. It has also been extended to non-individual taxpayers e.g. companies.  What does this mean? Use of Money Interest (UOMI) will only be payable…

PRICE INCREASE You might have noticed that your invoice is a little bit more this year. Why? REASON 1 Did you buy another investment property during the year? If so, that requires a bit more work to account for that, usually a couple of hours. REASON 2 It might be a price increase.  ​We generally…

big corporates like the banks overpay their provisional tax. In the past, they would overpay it to IRD, and get a miserable interest rate. Companies like TMNZ came along

Most people and business owners have no idea.  Fear not! Would you like:1.    It explained in plain English? Translated to your particular circumstances?2.    To know how to comply with minimal time and cost commitment?3.    Real life practical examples of what to do, and what not to do, and4.    Tips and tricks on how to approach health…

IRD has encouraged all Tax Agents/Accountants to send this to their clients each year. ir1261.pdf Download File

Yes, another scam is doing the rounds.  Please see the press release below or download from the link. 20160620_-_tax_agent_comms_issue_no12.pdf Download File