The Business Advisory Blog

The Business Advisory Blog

Insight, news and updates from Alliott NZ Chartered Accountants, Auckland New Zealand. The views expressed here are the views of the author and should be discussed in further detail should an article be relevant to your individual circumstances.

While every effort has been made to provide valuable, useful information in this publication, this firm and any related suppliers or associated companies accept no responsibility or any form of liability from reliance upon or use of its contents. Any suggestions should be considered carefully within your own particular circumstances, as they are intended as general information only.

employees
Prescribed interest rate decreases
The prescribed rate used to calculate fringe benefit tax on low-interest, employment-related loans has decreased from 5.77% to 5.26% effective 1 October 2019. Our website has been updated.
10 February 2020 Read More
Inland Revenue Department
IRD moving on from cheque payments
Inland Revenue is becoming increasingly digital in the way they work. Soon this will include a move away from cheques.
21 October 2019 Read More
Inland Revenue Department
Research and development tax incentive
Find out more about the Research and development tax incentive (RDTI), including eligibility, enrolment and recordkeeping.
14 October 2019 Read More
digital disruption
NZ calling time on cheques
​​​​​​​From 1 March 2020, the IRD will no longer be accepting cheques, including post-dated cheques (dated after 1 March 2020) from customers who are able to use alternative payment options. We outline the various other ways to pay your tax.
07 October 2019 Read More
Inland Revenue Department
New ACC rates set
The ACC levies have been set by regulation for the 2019-20 and 2020-21 tax years.
04 June 2019 Read More
employees
Payday filing from 1 April
It's time to shift to payday filing. Remember, by law all employers must switch to payday filing by 1 April 2019.
06 February 2019 Read More
employers
Payday filing
Remember, the law has changed so all employers must switch to payday filing by 1 April 2019.
12 December 2018 Read More
Inland Revenue Department
Kilometre rate
The Commissioner has issued a new Operational Statement 18/01 – Commissioner's statement on using a kilometre rate for business running of a motor vehicle.
27 August 2018 Read More
balance
Childcare providers
Amounts have been adjusted as a consequence of the annual movement of the Consumers Price Index - please note.
13 June 2018 Read More
balance
Boarding service providers
Amounts have been adjusted as a consequence of the annual movement of the Consumers Price Index - please note.
05 June 2018 Read More
deductions
Tax treatment for leaky building remediation
NZ IRD highlight the steps to work out the type of repair and maintenance costs of the leaky building (as a rental property) and whether you can claim them as a deduction. 
13 November 2017 Read More
Inland Revenue Department
Inland Revenue Scam Alert 🚫
How to prevent and what to do if you have been a victim of identity fraud.
12 July 2017 Read More
Tag
29 March 2024 Read More