About 400 high-wealth individuals have been selected to take part in a statistical research project to help NZ Inland Revenue fill a gap in their knowledge of effective tax rates relative to economic measures of income.

Business Plans are like maps for tourists. You need a plan for where you’re going to go, what you want to look at, where you’re going to stay and, if you deviate off track, you need to be able to identify where you are and then navigate to get back onto your original path. Planning a business activity is very similar.

From new rules to keep cash flowing to staff reimbursements and allowances, we've got you covered this tax time.

As expected, the 2020 Budget has been a high spending one with a deficit forecasted to be $29.6 billion in 2021. We break down the expenditure and key initiatives.

Find out more about the Research and development tax incentive (RDTI), including eligibility, enrolment and recordkeeping.

This year the Government is working to introduce a new tax incentive for businesses conducting research and development, the research and development tax incentive  (RDTI). The RDTI will give businesses a 15% tax credit if they spend a minimum of $50,000 per year on eligible R&D. Businesses spending less than $50,000 may still be eligible, so long as they are using an approved research provider to carry out their R&D. The Taxation (Research and Development Tax Credits) Bill is about to go before Parliament for its Second Reading. If passed into law, the RDTI will take effect from the beginning of a business’s 2019/2020 income year.

Analysis of this year's major Budget announcements and their likely impact on business, health, transport, the public service and the wider economy. We also take a closer look at wellbeing, which according to the Minister will underpin future Budgets starting from 2019.