Posts Tagged ‘taxes’
WHAT’S THE PROCESS FOR MY TAX RETURNS?
Here are the main steps involved in your tax return preparation
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 MoreGST APP TAX REGULATIONS: WHAT YOU NEED TO KNOW
GST app tax regulations: what you need to know. The GST app tax rules NZ hosts and drivers will soon operate under will take effect from 1 April 2024. They’re already catching people out in the lead-up, usually because some assumes the old GST threshold rules will keep applying the way they always have. If…
Read MoreTHE REAL COST OF A RENTAL PROPERTY
The real cost of a rental property is a question every investor should run the actual numbers on, rather than assuming rent alone tells the story. This guide walks through a full worked example — rent, interest, other costs, and what’s actually deductible today. Then it weighs that real cost against typical long-term capital growth.…
Read MoreWHAT IS FATCA? AND WHY IS MY BANK WRITING TO ME ABOUT IT?
FATCA NZ bank customers get letters about every year, and most people have no idea why. That’s especially true if they’ve never set foot in the United States. This guide explains what FATCA actually is, and why your bank is asking. It also covers a closely related rule that catches even more people out: CRS,…
Read MoreTRUST VS LTC FOR RESIDENTIAL INVESTMENT PROPERTY
Trust vs LTC for residential investment property – which is better?
Well, it depends if the property is negatively or positively geared, i.e., does it make a loss or a profit.
Read MoreNON-RESIDENT TAX STATUS NZ: HOW DO YOU KNOW?
HOW DO I KNOW IF I’VE GOT NON-RESIDENT TAX STATUS (NZ)? How do you know if you have non-resident tax status in New Zealand? Some of our clients live and/or work overseas, and have asked us about non-residency status with regards to tax.
Read MoreSHOULD I GET THE COMPANY TO BUY ME A CAR?
SHOULD I GET THE COMPANY TO BUY ME A CAR? That’s a good question. It depends on whether your company is a Look Through Company (LTC) or not
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 MoreCOMMON QUESTIONS ABOUT YOUR FINANCIAL STATEMENTS
COMMON QUESTIONS ABOUT YOUR FINANCIAL STATEMENTS. Questions about your financial statements? Here are the answers to some common ones
Read More