Our Articles

May 29, 2018
An anonymous tip-off has led to a Hamilton tradesman being sentenced to nine months’ home detention for not paying nearly $240,000 in tax. Uelese Young Yen was sentenced on 29 charges relating to two building services companies, Myra Quality Services and Julz Property Services, in Hamilton…
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May 28, 2018
Monkey see, monkey do. When parents behave badly with their finances, children learn by watching their parents and experimenting, not listening to hypocritical lectures.We want to set them up for success and to fly the nest financially, preferably in their 20s, not decades later. But sometimes we're…
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May 28, 2018
For those clients on our Tax Management Service who, as a result of Income Tax Returns, have Provisional or Terminal Tax amounts to pay, we will send you tax payment reminder notices. These payment reminder notices are emailed to you using the email address we have on file for you. Please…
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May 28, 2018
The focus for Finance Minister Robertson’s budget is on public service spending (health, education and housing) and investment in infrastructure. There are two tax-related announcements in the budget: Changes to the bloodstock rules that will allow new investors to deduct the cost of…
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April 26, 2018
Renewed volatility in markets has awoken the media from its summertime slumber. News directors drag out dated file footage of frantic traders and summon talking head experts to explain to ‘mums and dads’ what it all means. Well, what does it mean? More importantly, does it matter? Everyone has an…
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April 26, 2018
Anti-money laundering has recently been in the spotlight in New Zealand with the Ministry of Justice estimating that almost NZ$ 1.35 billion from fraud and illegal drugs is laundered through ordinary New Zealand businesses each year. To combat this kind of criminal activity, New Zealand’s…
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April 26, 2018
Employment law seems to be the flavour of the month. The Employment Court has given a very important decision affirming that it is permissible to pay out a notice period in relation to a trial period. There was uncertainty about this due to another Employment Court decision. The employment…
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April 26, 2018
The effective date for transferring a GST refund arising in periods ending on or after 1 April 2018 will now depend on when your GST return is filed. For GST returns filed: before the due date: the refund can only be transferred on the day after; thethe return was filed, orthe end of the GST…
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April 26, 2018
From 29 March 2018 the bright-line test for residential property has been extended from 2 years to 5 years. The extended bright-line test only applies to properties for which an agreement to purchase the property was entered into on or after 29 March 2018. If an agreement to purchase a property was…
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April 26, 2018
George Clooney plays the part of Ryan Bingham, a corporate downsizing expert, in the movie Up in the Air. Bingham loves his job because he is constantly up in the air flying from one city to another and getting paid by large corporates to tell their employees the bad news - that they have lost their…
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April 26, 2018
ACC have recently made some changes to the way they treat ACC CoverPlus Extra, and this could have a significant impact on your policy. Policy Start Dates The start date for each new CoverPlus Extra policy will now be the date ACC receives the signed Policy Acceptance Form. The Policy Acceptance…
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April 26, 2018
Minimum wage rates rise When: 1 April 2018 What: The adult minimum wage rate has gone up 75c to $16.50 an hour. The starting out and training rates have risen 40c to $13.20. What you need to do: If you pay your workers minimum wage rates, update your payroll and their employment agreements.…
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March 7, 2018
With the 31 March 2018 year-end fast approaching it is an appropriate time to consider some long-term tax planning initiatives and undertake some short-term measures to minimise tax for the current year. THINGS TO DO: Review doubtful debts and write off any bad debts prior to balance date.Bad…
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March 6, 2018
The turn of the calendar year is a popular time for making a new start – whether it is committing to a diet, starting an exercise regime or just promising to be nicer to your colleagues, friends and family. But what about financial resolutions? Ask any coach and they'll tell you the keys to…
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March 6, 2018
The Residential Care Subsidy (“Subsidy”) is becoming increasingly topical as New Zealand’s 65+ population is projected to increase from 15% in 2016 to over 25% by 2068. The growth in this population will increase the number of Subsidy applications for financial assistance for long-term residential…
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March 6, 2018
As an employment lawyer, I have mixed feelings about the proposed changes - some are a step backwards. Proposed Changes include: 90 day trial periods: small businesses (less than 20 employees) will be relieved that trial periods will still be possible. However, it should be noted that when…
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March 6, 2018
CG comment – IRD are running an extensive campaign promoting AIM and what it perceives to be its benefits over existing methods for calculating and paying provisional tax. This campaign includes contacting taxpayers directly to arrange visits to discuss how AIM works.The idea behind AIM is that…
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March 6, 2018
The Minister of Revenue announced recently that a Supplementary Order Paper to the Taxation (Annual Rates for 2017–18, Employment and Investment Income, and Remedial Matters) Bill has been introduced to extend the bright-line period from 2 to 5 years. The 5-year period will only apply to…
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March 6, 2018
You may have heard (on the Radio or TV) about Mike King’s I Am Hope Aotearoa Tour where Mike and a bunch of mates are riding Suzuki 50cc scooters from one end of the country to the other. Along the way they'll stop at around 45 schools and community halls and talk to more than 20,000 schoolkids and…
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January 10, 2018
What Should Investors Make of Bitcoin Mania? Bitcoin and other cryptocurrencies are receiving intense media coverage, prompting many investors to wonder whether these new types of electronic money deserve a place in their portfolios. Cryptocurrencies such as bitcoin emerged only in the past…
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