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The Business Advisory Blog

Welcome to our 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.

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IRD moving on from cheque payments

Written by Greg Millar on October 21st, 2019.      0 comments

NZD calculator-857Inland Revenue is becoming increasingly digital in the way they work. Soon this will include a move away from cheques.
 

Research and development tax incentive

Written by Vanessa Williams on October 14th, 2019.      0 comments

light bulb-66-166Find out more about the Research and development tax incentive (RDTI), including eligibility, enrolment and recordkeeping.
 

NZ calling time on cheques

Written by Greg Millar on October 7th, 2019.      0 comments

credit card-261​​​​​​​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.
 

New ACC rates set

Written by Greg Millar on June 4th, 2019.      0 comments

check tick-407-962The ACC levies have been set by regulation for the 2019-20 and 2020-21 tax years.

 

Payday filing from 1 April

Written by Greg Millar on February 6th, 2019.      0 comments

NZD calculator-857It's time to shift to payday filing. Remember, by law all employers must switch to payday filing by 1 April 2019.

 

Payday filing

Written by Greg Millar on December 12th, 2018.      0 comments

xero payroll-221Remember, the law has changed so all employers must switch to payday filing by 1 April 2019.
 

Kilometre rate

Written by Vanessa Williams on August 27th, 2018.      0 comments

calculator ledger-516The Commissioner has issued a new Operational Statement 18/01 – Commissioner's statement on using a kilometre rate for business running of a motor vehicle.
 

Childcare providers

Written by Greg Millar on June 13th, 2018.      0 comments

NZD calculator-857Amounts have been adjusted as a consequence of the annual movement of the Consumers Price Index - please note.
 

Boarding service providers

Written by Vanessa Williams on June 5th, 2018.      0 comments

NZD calculator-857Amounts have been adjusted as a consequence of the annual movement of the Consumers Price Index - please note.
 

Tax treatment for leaky building remediation

Written by Greg Millar on November 13th, 2017.      0 comments

tap-221NZ 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. 
 

Inland Revenue Scam Alert 🚫

Written by Vanessa Williams on July 12th, 2017.      0 comments

scam-701-357How to prevent and what to do if you have been a victim of identity fraud.
 

Tax Finance - an efficient use of capital

Written by Greg Millar on May 11th, 2017.      0 comments

TT HORIZ BLACK BLACKX-932Taxes are one of life’s few certainties, but that doesn’t mean they’re necessarily the most efficient use of your capital.
 

A better way to pay NZ tax

Written by Greg Millar on March 24th, 2017.      0 comments

TT HORIZ BLACK BLACKX-932Tax 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.
 

Calculating NZ FBT days for private use of motor vehicle

Written by Vanessa Williams on November 3rd, 2016.      0 comments

calculator ledger-516An update to help employers with the latest NZ fringe benefit tax (FBT) requirements.
 

Get ready for changes to how you file GST online

Written by Greg Millar on November 3rd, 2016.      0 comments

folders filing-655NZ Inland Revenue is improving services in myIR for managing your GST, with new services available in early 2017.

 

Resigning as a NZ trustee

Written by Anthony McIlroy on February 11th, 2016.      0 comments

trust-599If 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.
 

Changes in IRD Number Applications for non-resident and offshore applicants

Written by Greg Millar on October 9th, 2015.      0 comments

1015 ird numbers change-604To accompany the changes in the tax laws from 1 October 2015, the IRD has now introduced new IRD number application forms for non-resident/offshore non-individuals (IR744) and non-resident/offshore individuals (IR742).
 
These require far more detailed information to be supplied than previously. We outline the key changes.
 

“Just be honest mate and pay your tax,” say tradies

Written by Greg Millar on September 30th, 2015.      0 comments

we understand tradies-980Survey 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

 

FBT and car parking - new rules for employers

Written by Greg Millar on August 18th, 2015.      0 comments

parking sign-606IRD proposes updating how employee car parking spaces are treated for fringe benefits tax.

Whilst the new ruling is yet to be adopted, it's worth getting your head around it now.
 

Planning for provisional tax

Written by Greg Millar on August 10th, 2015.      0 comments

NZD calculator-857Provisional tax is a way of paying your income tax as you receive income through the year.

You pay instalments of income tax during the year, based on what you expect your tax bill to be. The amount of provisional tax you’ve paid is then deducted from your tax bill at the end of the year.