8 April 2019
KiwiSaver: Changes made to KiwiSaver came into play from 1 April 2019 with the addition of 2 new contribution rates for employees – 6% and 10%. Westpac’s NZ General Manager of Consumer Banking and Wealth has been quoted as saying, ‘The 6% option looks like a real winner, with almost half of those planning to change their contribution choosing this rate.’ There is no change to the employer contributions, hence, no reason why employers shouldn’t be alerting staff about the change. For further commentary on this:
12 March 2019
New Employment Law Changes taking effect on 12 December 2018 and 6 May 2019 are now legislated. The changes that took place in December includes the entry of Union delegates to the work place and where businesses must enter into bargaining for multi-employer collective agreements. The changes in May includes the restriction of the use of 90 day trial periods and the right to set rest and meal breaks.
12 March 2019
IRD Tax Investigation 101: what do you expect with an IRD investigation of your financial affairs.
23 October 2018
Prenuptial Agreements (Contracting Out Agreements) demystified.
20 September 2018
The first interim report is issued by the Tax Working Group. Highlights include Capital Gains Tax, GST and Business Tax.
5 September 2018
Our clients are reminded every year to ensure that their Wills represent their current wishes, yet there are a few who can't seem to find the time to put one in place.
23 August 2018
The way we file our PAYE Returns will be changing from 1 April 2019. Read the IRD fact sheet and be prepared for the changes.
29 March 2018
The Bright-line test to determine if the sale of a residential property is subject to income tax has been extended from 2 to 5 years.
8 February 2018
Food Act: If you are in the business of selling food, you must register under the new Food Act by 31 March 2018.
20 December 2017
The cost of your entertainment
30 November 2017
With the Loan To Value (LVR) restrictions meeting some of the objectives in cooling the property market, the Reserve Bank is looking at easing these: http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=11949644
20 November 2017
The Government Announces changes to tertiary funding from 2018:
17 October 2017
The IRD is cracking down on cash-jobs that are not declared by tradesmen: http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=11933837
From fart tax to google tax; weird Tax Rules from around the world; https://www.cnbc.com/2014/02/14/top-12-weirdest-tax-rules-around-the-world.html
22 September 2017
Australia taxes ghost homes:
10 August 2017
Is the lease surrender payment to the landlord a capital or revenue receipt? This is confirmed by the High Court: