Assessing your Business’s Viability
Business owners and executive teams should start to think about not only the year ahead, but the long-term viability of their businesses.
News
Leaky home repairs concluded as not deductible
The leaky homes crisis represents one of the most severe problems faced by New Zealand’s property sector and continues to cause stress and anxiety for those affected.
Taxation Principles Reporting Bill
The Taxation Principles Reporting Bill was introduced to parliament on 18 May 2023, and has since been reviewed by the Finance and Expenditure committee. If passed, it will require the Commissioner of Inland Revenue to report on New Zealand’s currenttax settings based on specific principles. A hybrid reporting model will be used where a full … Read more
Tax policy from two sides of the political aisle
It is worth reviewing the tax policies of the two minor parties as this is where unexpected change may come from.
Tax ourselves out of Recession
The buoyant COVID subsidy-funded days are behind us, New Zealand has entered a ‘technical’ recession.
Environmental Correctness
A shift has taken place to take Environmental, Social and Governance (ESG) issues seriously and what actions they are taking.
Provisional Tax Regime
We examine the several concessional changes that the provisional tax regime has been subject to over the past 10 years.
Labour Shortages
The labour market is tight at the moment and seems to be getting tighter with each passing month. Is it a NZ issue only?
Update – GST on Farmhouses and Holiday Homes
In 2017 Inland Revenue released an Interpretation Statement, IS 17/02, which formalised the long-standing practice of allowing a farmer to claim a portion of their farmhouse expenditure on the basis it is the “headquarters” of the farm. But then in 2020 Interpretation Statement IS 20/05 was released by Inland Revenue which overthrew the common practice … Read more
The employees’ market
In today’s workplace environment, expectations around employee benefits are changing, with the norm shifting in the employee’s favour. For many, the days of a 9-5 workday and mandatory workplace attendance are a distant memory, to the point where flexible hours and working environments are considered a bare minimum. As the war for talent has evolved, … Read more
