Click on any of the topics here to tap into our resources. If there is anything you would like to discuss, please feel free to contact us.
From 1 April 2019 employers will be required to file their employees’ payroll information with Inland Revenue in respect of every payday.
Currently, employers file their employee payroll information with Inland Revenue once a month on the IR348 Employer Monthly Schedule.
A new Bill introduced into Parliament proposes to make tax easier and simpler for individuals as well as including a raft of business-friendly changes.
The headline-grabbing change is that the new legislation will mean automatic tax refunds for around 750,000 New Zealanders, according to the Minister of Revenue, Stuart Nash.
For those who have investments in forestry, it’s timely to consider the legitimate opportunities available to manage your tax bill when the harvest income finally starts to roll in.
With average log prices tracking above the three-year average, investors are earning significant lump-sum amounts of income as the stands are harvested and sold.
Shhh. Keep it down. I don't want everyone to know. I’ll just tell you if you can keep it to yourself.
There's a sure fire way to pay next to no tax and I'm going to tell you how. For free. No complicated structures, tax havens or offshore entities required.
You might not understand it at first. But I'll try to keep it simple.
Going into business with someone is just like a marriage. It’s helpful to agree on stuff up front. Finding out 6 weeks in that your wife doesn’t want kids - problematic. When she invites her mother to stay 3 months without checking first – not ideal.
A new method is available to calculate how much of your home office costs you can write off for tax purposes.
The new method will often give a better result than the old method. It is also faster and easier to apply and calculate.
The new method is not compulsory and tax payers can still use the old method.
Where taxpayers use their motor vehicle for both business and private purposes, the kilometre rate method has been one of two permissible methods used to calculate the expenditure that is deemed to relate to the business use of the vehicle.
The second method is to use the actual costs of running the motor vehicle, this method being known as the “cost method”.
To own or to rent your business premises? That is the question.
There are advantages to owning your business premises over renting, but also potential disadvantages. On the upside, there’s the obvious benefit of paying an amount you would have otherwise spent on rent off against a mortgage used to fund the building – a compulsory savings scheme for you and your business.
Part of purchasing a business means thinking about what you are going to end up with after you settle. Are you going to buy the shares of the company that owns the business – or will you just buy the assets of the company plus some goodwill? Most transactions in the SME space are asset and goodwill sales, rather than share sales and I’ll go over a few reasons for that.
Due diligence. DD. You've probably seen those words somewhere on an accountants' website. DD is to buying a business what inspecting the roof and moisture testing is for buying a home. You don’t want just anyone doing it – if you’re putting your capital into a business you want to get it right from the start.
At Ingham Mora we are always looking for ways to make our clients' lives easier. Our latest initiative is Receipt Bank, a tool which allows a more automated book-keeping workflow and tackles specific compliance problems in a cost effective manner.
Security while online is a priority. Check out some security alerts from IRD and XERO so you can stay safe online.
Family trusts can be a highly effective mechanism to protect assets, create tax flexibility and provide for inheritance and succession of family and business assets.
However, change is upon us with the proposed enactment of the new Trusts Bill.
Join the Ingham Mora team for beverages, canapes and an informal family trust seminar series.
The government is intent on shaking property speculators from the residential property market in an attempt to level the playing field for owner-occupier home buyers.
The latest weapon under development in the government’s arsenal is the proposal to ring-fence or quarantine any losses residential property investors make.
According to Stats NZ’s latest Business Operations survey, 40 percent of businesses cite cost as the main barrier to innovation in New Zealand. Lack of management resources and not having appropriate staff followed closely behind at 38 percent and 31 percent respectively.
A new financial and social paradigm is upon us with the rise of cryptocurrencies, initial coin offerings (ICOs), and other emerging blockchain applications and technologies.
The Tax Working Group – established by the government to examine improvements to the fairness, structure and balance of the tax system – has released its background paper summarising the current system and calling for submissions.
Office Hours is your opportunity to spend time one-on-one with local, professional service providers and entrepreneurs who give their time to help you take the next steps to success, making sure you know what you did not know you needed to know.
The Government will extend the 2-year bright-line test for residential investment property sales to a 5-year test.
From 1 April 2018 taxpayers will have a new optional method for paying provisional tax – the Accounting Income Method (AIM).
The IRD has been visiting businesses in the kiwifruit industry as part of an initiative to raise awareness of current issues and improve compliance in the industry.
Just like life, technology moves quickly. Sometimes it’s hard to keep up. It helps to have an accountant who can cut through the ‘noise’ and point you in the right direction regarding accounting software. We would like to share a couple of features from the Xero ‘world’ that will save you time and money. If you haven’t heard of these features before you could be missing out.
A number of our business partners have been warning their clients of an increase in instances of attempted cyber fraud and we also wish to alert you to the potential risks in order to keep yourself and your assets safe from cyber-criminals
What is a Virtual CFO and Does Your Business Need One?
Economic development opportunities are available in Tauranga - watch the video to find out what they are.