Tax pooling is a framework Inland Revenue established to help taxpayers meet their provisional tax obligations. Recognising that the provisional tax regime is burdensome, Inland Revenue offers tax pooling which gives taxpayers a means to pay tax when they want to whilst avoiding use of money interest and penalties.

President Trump's aggressive tax reforms may not take effect until 2018.

Alliott Group member firm Bowman & Company explains why and what this could mean for global trade.

Xero is taking one step more to make filing returns a breeze- with new E-Sign feature. We outline how.

Chronic bad payers of tax – take heed.

NZ Inland Revenue is going to have the power to disclose tax debts to debt collectors.   

In essence, providing food and wine gifts are only 50% deductible. Historically there has been ambiguity around this but as of 1 September 2016 it is definitely only 50%. (This is of particular relevance to real estate agents.)

Where are the highest rates of corporate tax? And who pays none at all?

Discover what the French spend their “Google Tax” on and why Canadian cereal companies are so keen to put toys in their boxes.

We take a look at the IRD documentation requirements and how the rules may apply in unexpected situations as a result of the definition of “offshore RLWT” person".

Overall ​the outlook for the economy is positive and the Crown’s books are in good shape, but what are the announcements on New Zealand tax? We summarise the key issues for you.

A recent review of the Commissioner’s mileage rate results in a reduction to the rate to 72 cents per kilometre for both petrol and diesel fuel vehicles for the 2016 income year.  

After 17 years, it is with best wishes that we farewell Alliotts Manager and Chartered Accountant Emma Clare as she embarks on new career opportunities. 

The Inland Revenue have recently reiterated their communication on this topic and recommended any GST input claims be processed in the next GST return to be filed.

If you are a trustee of a trust this information applies to you.

IRD stated that it would continue to hold a resigned trustee responsible for a trust’s taxes until it receives written advice of the resignation. This liability continues until any debt is paid.

People with many hats require many different investment solutions. In our opinion, that's a good thing.

Companies having 66% or more common shareholding can be grouped for tax purposes.

We briefly outline how it works.

There have been numerous webinars and newsletters about the new rules for taxing residential property sold within two years of acquisition, but there are some particular things to note. We sort the wheat from the chaff.

Survey of Auckland tradespeople shows an Inland Revenue campaign highlighting cash jobs has hit home, with four in five believing they’ll get caught if they cheat on their taxes.

The survey of nearly 420 tradies shows that the message that doing under-the-table jobs is a tax crime is getting through.

#helpingyoutradebetter

The main feature of this Bill is the proposed new objective bright-line test for land sales which will impose income tax on any gains from residential property acquired and disposed of within two years.  An exception is provided where the disposal is of a person’s “main home” as defined.  The bill essentially follows the proposal in the issues paper with some refinement based on submissions.

Update to calculating your vehicle mileage for tax.

Whilst those who have filed their 2015 tax return are covered, it's useful getting up to date with the rate change nonetheless.

If you're running a small business and doing the books, we find there are typically four key questions business owners want to know that need answering on a regular and accurate basis.

Is your accounting system up to the task, or do you continually play catch up trying to make sense of all the data you're crunching, often when it's too late to use it meaningfully?