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.

business
COVID-19 Tax Measures and Alert Levels
As we near the end of the initial four-week lockdown, the Government has released further Tax Measures to assist businesses including more complete information on what Alert Level 3 would mean. Yesterday the Government announced two further tax proposals - Tax Loss Carry Back Scheme and changes to the Tax Loss Continuity Rules.
16 April 2020 Read More
business
COVID-19 Tax changes to support businesses
Today the Government announced a further set of tax proposals to help businesses manage the impacts of COVID-19. You can read the Government’s full announcement and fact sheets on the Beehive website or the Inland Revenue's summary here.
15 April 2020 Read More
coronavirus COVID-19
Remittance of UOMI due to COVID-19
Information on the remittance of use of money interest (UOMI) as a result of the COVID-19 (coronavirus) pandemic, as announced by NZ Inland Revenue.
14 April 2020 Read More
coronavirus COVID-19
NZ Inland Revenue temporary closure
NZ IRD will temporarily close most of their customer-facing systems while they implement the next round of transformation changes.
09 April 2020 Read More
Income
Resident Withholding Tax exemption register
From 1 April 2020, payers of investment income (e.g. payers of interest and dividends) will access the register to confirm which of their customers have RWT exempt status. The IRD will no longer ask for or accept physical certificates of exemption.
09 March 2020 Read More
employers
Employer-provided travel from home to a distant workplace
New operational statement clarifies and simplifies the tax rules around employer-provided travel to distant workplaces.
24 February 2020 Read More
IRD
NZ Inland Revenue's transformation
From 1 March 2020 the NZ Inland Revenue will stop accepting payment by cheque, including cheques dated after 1 March 2020.
16 December 2019 Read More
deductions
Residential property changes
From the 2019-20 income year onward, new rules apply to deductions claimed for residential properties.
02 December 2019 Read More
IRD
NZ moving on from cheques
From 1 March 2020, Inland Revenue will no longer be accepting cheques if customers have an alternative payment option available. This includes post-dated cheques (cheques dated after 1 March 2020).
11 September 2019 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
IRD
Chronic bad payers of NZ tax – beware
Chronic bad payers of tax – take heed. NZ Inland Revenue is going to have the power to disclose tax debts to debt collectors.   
23 January 2017 Read More
FBT
Calculating NZ FBT days for private use of motor vehicle
An update to help employers with the latest NZ fringe benefit tax (FBT) requirements.
03 November 2016 Read More
Tag
28 March 2024 Read More