We are recognised as authorities in our specialised fields. We publish newsletters with informed opinions that are free for you to subscribe to.
Articles and updates
BusinessTax Updates – 10th August
Court Awarded Costs & GST IR has released Interpretation Statement IS 26/11, setting out when court-awarded costs and disbursements — and equivalent out-of-court settlement payments — attract GST. The short answer for most litigants: they don’t. But there are important exceptions, and the GST status of the party receiving the award can still affect how […]
- Podcast (51)
- The Blue Deck Chair (6)
- Bookkeeping (11)
- Bruce's (77)
- Business (151)
- Business Improvement (18)
- China (8)
- Covid-19 (23)
- Enriching (33)
- Events (28)
- GS News (68)
- Info Tech (16)
- Investment (25)
- IRD & Tax (51)
- Joshna's (34)
- Liftoff (7)
- Live Convos (20)
- Networks (7)
- Our Clients (23)
- Richard's (67)
- Yi Ping's (25)
- Tax Updates (171)
- Trusts (9)
- Valuations (3)
- Wealth (24)
What tax deductions can you claim as a business owner?
New Zealand has officially entered a recession, and as a business owner, you’re likely feeling the pressure of high inflation and rising borrowing costs. Reducing your tax bill legally and effectively is now more critical than ever. Here’s a guide to help you maximise your tax deductions.
1. File your tax returns on time
[...]
Understanding GST – A guide to the Goods and Services Tax
What is GST?
The Goods and Services Tax (GST) is a consumption tax charged on most goods and services in New Zealand. The current rate is 15%. GST is added to the price of taxable goods and services, and businesses are responsible for collecting this tax from their customers and paying it to the Inland Revenue [...]
First Tax Bill of 2024 passed
On March 28, Royal Assent was given to the passing of the Taxation Bill (Annual Rates for 2023-24, Multinational Tax, and Remedial Matters). The Bill enacted some welcomed changes, balanced with the unfortunate news for some that the trustee tax rate would increase to 39%, effective this April 1. I expect most of you will […]
Understanding the Commercial Production Rules in Research and Development (R&D) Tax Incentive
In 2019, the New Zealand government introduced the R&D Tax Incentive (RDTI) program, replacing the earlier Growth Grants initiative. The primary aim of RDTI is to encourage Research and Development (R&D) activities within New Zealand by offering financial support to eligible businesses. This support is intended to promote a more diverse and productive national economy. […]
Navigating cross-border related party borrowing rules in New Zealand
In this article, I will talk about the complexities of cross-border related party borrowing (specifically, the related-party loans between non-resident lenders and New Zealand resident borrowers) and the associated rules in New Zealand. I will simplify these rules by categorising them based on borrowing amounts below or above NZ $10 million and explore the application […]
