Posts Tagged ‘how to’
WHAT’S THE PROCESS FOR MY TAX RETURNS?
Here are the main steps involved in your tax return preparation
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 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 MoreWHO NEEDS A FINANCIAL ADVISOR?
Who needs a Financial Advisor?* Do you? Well, you might be thinking “I need a lawyer… and an accountant. But do I need a Financial Adviser?” Like many people (most, in fact) you probably feel that a Financial Adviser is a bit of an optional extra. We strongly feel that this is not sound thinking.…
Read MoreWHAT IS A LOOK-THROUGH COMPANY? (LTC)
What is a Look-Through Company? This structure – also known as a LTC – is a unique business structure in New Zealand that combines the legal benefits of a limited liability company with the tax advantages of a partnership. Introduced in 2011 as a replacement for the Loss Attributing Qualifying Company (LAQC) regime, LTCs…
Read MoreCHANGES TO FINANCIAL REPORTING REQUIREMENTS FOR SMES
ou might have heard of the Financial Reporting Act 2013 and the Financial Reporting (Amendments to Other Enactments) Act 2013. Maybe not. Anyway, changes which took effect on 1 April 2014 mean that entities that do not meet the large entity definition will no longer be required to prepare financial statements in accordance with NZ GAAP.
Read MoreOVERSEAS PENSION: HOW DO I GET THE MONEY BACK TO NEW ZEALAND?
Basically, Foreign Investment Fund (FIF) rules are there to declare your foreign investments, as the name suggests. If you haven’t been using these up until now, the proposed new rules will effectively be compulsory.
Read MoreHOW IS FOREIGN-SOURCED INCOME TREATED IN SINGAPORE?
How is foreign-sourced income treated in Singapore? That’s a great question. Let’s say that you live and work in Singapore. You own a rental property here in New Zealand. How do you handle this from a tax perspective here in New Zealand, and in Singapore? Does it make a difference if the property is negatively or…
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