Payday filing
Remember, the law has changed so all employers must switch to payday filing by 1 April 2019.
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.
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Remember, the law has changed so all employers must switch to payday filing by 1 April 2019.
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.
Amounts have been adjusted as a consequence of the annual movement of the Consumers Price Index - please note.
Amounts have been adjusted as a consequence of the annual movement of the Consumers Price Index - please note.
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.
How to prevent and what to do if you have been a victim of identity fraud.
Taxes are one of life’s few certainties, but that doesn’t mean they’re necessarily the most efficient use of your capital.
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.
An update to help employers with the latest NZ fringe benefit tax (FBT) requirements.
NZ Inland Revenue is improving services in myIR for managing your GST, with new services available in early 2017.
If you are a trustee of a trust this information applies to you.
To 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).
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
IRD proposes updating how employee car parking spaces are treated for fringe benefits tax.
Provisional 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.
The Inland Revenue have announced a focus on the cash economy particularly in the trade’s sector with, as part of a wider campaign, a particular focus on sub-contractors in Flatbush, Takanini, Silverdale and Albany. If you think you're fine because you haven’t been operating in those areas, be aware that it mightn't take much to be pulled into an IRD investigation as part of another's investigation.