FAQS
CRYPTOCURRENCIES: IRD TAX TREATMENT; FRAUD WARNINGS
We believe that if you hold (or “hodl”) crypto and stake it in order to earn crypto-rewards (usually more crypto), then the crypto itself functions much like a term deposit.
Read MoreWHAT’S THE PROCESS FOR MY TAX RETURNS?
Here are the main steps involved in your tax return preparation
Read MoreWHAT IS A PHISHING EMAIL? WHAT DOES IT LOOK LIKE?
According to Wikipedia*, “phishing is the attempt to obtain sensitive information such as usernames, passwords, and credit card details (and money), often for malicious reasons, by disguising as a trustworthy entity in an electronic communication.[1][2]“ WHAT DO PHISHING EMAILS LOOK LIKE? Quite often they look like a legitimate email from IRD (about a tax refund, or warning of tax owing), or an email from a…
Read MoreTAX CHANGES AFOOT
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…
Read MoreSSL, SITE SECURITY
As a result of changes imposed by Google, we acquired an SSL certificate for our website. The host has rolled this out to all sites. Meantime, if you wish to check our credentials, you can do so here. For more information, please contact us
Read MorePROVISIONAL TAX CHANGES
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…
Read MorePRICE INCREASE
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…
Read MoreIRD REQUEST FOR MORE INFORMATION
IRD request for more information: no one wants to receive one of those letters. But what do they look like and what do they mean? Here are two useful pages to get a clear picture on IRD Requests for More Information. WHEN THE IRD WANTS MORE INFO! This article explains that the Inland Revenue Department…
Read MoreWHAT IS NZCO? WHAT’S THE COMPANIES OFFICE RETURN? IS IT THE SAME AS A TAX RETURN?
WHAT IS THE NZCO? NZCO is short for New Zealand Companies Office.It is part of MBIE (Ministry of Business, Innovation and Employment) and administers a number of registers, including a register of companies, their directors and shareholders, and related documents. WHAT’S A COMPANIES OFFICE RETURN? All companies are required by the Companies Act 1993 to file…
Read MoreHOW TO CHECK ON THE PROGRESS OF YOUR TAX RETURN PROCESSING AT IRD
Make sure the address in the bar at the top is https://myir.ird.govt.nz/tools/_/. This is to make sure you haven’t ended up at a fake website. There should also be a little padlock showing in the title bar at one end.
Read More