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.

Vanessa Williams
Published on

Message from Greg and Vanessa

Our Prime Minister Christopher Luxon has his feet firmly under the table, so what major policy changes will affect your business?

Outlining some of the headline changes it wanted to make within its first 100 days in power, the National-led coalition government have some well underway. Here are some of the major changes businesses should watch out for:

  1. The reintroduction of 90-day employment trial periods — completed
  2. Clean car discount and ‘ute tax’ to end — completed
  3. Fair Pay Agreements cancelled — completed
  4. Removal of Auckland Regional Fuel Tax — will be from 30 June 2024
  5. Reserve Bank mandate to be focused on inflation — completed.
On top of this, we have seen the Trust Tax Rate increase to 39% and the removal of depreciation on commercial buildings from 1 April 2024.

The standard year-end for New Zealand businesses occurred at the end of March as you know. We've published a checklist of tax deductions available to consider. 

Covered in this edition:

  • Tax planning tips
  • Payroll assistance for business owners
  • Alliott Global ANZAC Conference pics
  • REMINDER: Income Tax in the Short Stay Accommodation
  • Employment law changes
  • Pricing changes for NZ Xero users
  • Alliott team updates.

Read the Autumn 2024 edition here »

Please contact our team or email us to discuss these and any other topics.

Topics: Alliott Global Alliance depreciation employment fuel Inflation Payroll property reserve bank tax tax planning trust vehicle Xero