The Labour-led Government recently released the Research and Development (R&D) Tax Incentive Discussion Document, which proposes a 12.5% R&D tax credit on eligible expenditure from 1 April 2019. The proposed tax credit will apply to eligible R&D expenditure between $100,000 and $120 million, equating to a possible
Anti-money Laundering & Countering Financing of Terrorism
From 1 October 2018, we may ask you for more information regarding your identity or regarding your business. Why we need to ask for information: New Zealand has passed a law called the Anti-Money Laundering and Countering Financing of terrorism Act 2009 (“the
Xero Training
We are now offering Xero training to all our clients and any other interested business people. Xero does provide a lot of training but we have found that some people just need that personal touch. Our training is one on
Rental Loss Ring Fencing
Rental Loss Ringfencing means that you’ll no longer be able to offset rental losses against other income types (eg. Wages or Business Income) which often resulted in a tax refund. Instead any loss will be offset against future profits that your rental property makes. Or if
Payday Payroll Filing
All employers will need to switch to payday filing by 1 April 2019. What does this mean for you as an employer? The Employer Monthly Schedule (IR348) is being replaced and needs to be filed after every payday. You still need to
Tax Advisers Who Needs Em’
When do you need a tax adviser The simple answer is if you have income that is not from NZ sourced wages/salary, superannuation, benefit, bank investments, kiwisaver, or fully taxed dividends then you probably need to talk to a tax