With the 2010/11 year end approaching on 31 March as well as changes to the tax and employment laws on 1 April the team at Alliott's has prepared a series of informational documents to help you through this busy period.

THE END OF THE FINANCIAL YEAR IS FAST APPROACHING.....


It’s incredible to think that the end of the financial year for most people is at the end of this month!

As part of the preparation for year end you will shortly receive via email our annual tax return questionnaires for individuals and business entities.

If you haven’t received your questionnaires by the end of March please let us know and we will send replacements ASAP.

In the meantime, we've put together a checklist to help you with year end preparation and to try and maximise your tax efficiency.

Click here to download the checklist >>>

If you would like to discuss any of the content included in the checklist please feel free to contact us – we are only too happy to help.

1 APRIL TAX CHANGES IN NEW ZEALAND


Some of the tax law changes announced in May last year come into effect from the start of the new financial year on 1 April.

For businesses these include -

A reduction in the company tax rate
Changes to allowable depreciation deductions 
Changes to the rules for Loss Attributing Qualifying Companies (LAQCs) and Qualifying Companies (QCs)

We've prepared updates which detail the changes - to find out more please click on the links below.

Changes to tax rates and building depreciations >>> The tax change summary begins on Page 2 of this newsletter.

Changes to the LAQC regime >>>

CHANGES TO THE HOLIDAYS AND EMPLOYMENT RELATIONS ACTS


There are various changes to the Holidays Act 2003 and the Employment Relations Act 2000 which come into effect on 1 April this year.

The change to these Acts include -

Cashing in annual holidays
Transferring public holidays to another work day
Extending trial periods to all employers

Read more >>>

As always, we are here to help so please don't hesitate to contact us if you have any questions regarding any matters discussed above.

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Directors Greg Millar CA (pp) Vanessa Williams B Com, CA (pp)