Tax compliance in the construction industry

Date: 12th May 2021

Do you work in the construction industry?  Do you often do small jobs for cash?  As part of their education programme, the Inland Revenue have put together a useful guide on everything you need

Employment & tax updates in 2021

Date: 12th February 2021

In the coming months there will be some changes to employment and tax laws including the minimum wage increase, some proposed changes to sick leave and one-off COVID-related leave. There

Fresh range of measures to assist businesses affected by COVID-19

Date: 16th April 2020

As of 15 April 2020, the Government has announced a suite of new measures to provide relief for businesses during the COVID-19 pandemic. Chief among the action points announced is

GST considerations for converting your Airbnb property to long-term residential rental

Date: 15th April 2020

With the large stock of short term rental properties in the Queenstown Lakes District, owners are now facing the prospect of either leaving their properties vacant, or changing them to

Tax relief for businesses affected by COVID-19

Date: 9th April 2020

Tax relief and income assistance is available to people and businesses affected by the downturn in business due to COVID-19. If your business is unable to pay its taxes on

Inland Revenue sends heads up to hospitality businesses

Date: 12th February 2020

Hospitality businesses have been in Inland Revenue’s spotlight recently. In late 2019, IRD personnel searched several Central Otago businesses and made unannounced visits to others, as part of its current

Buying from overseas? GST now on low value imported goods

Date: 12th January 2020

Dubbed ‘Amazon tax’, a new law introducing GST on low value imported goods came into effect on 1 December 2019. Now overseas businesses that sell low-value goods to consumers in

IRD follows undeclared cash trails in construction

Date: 18th November 2019

Inland Revenue has declared its intention to get tough on undeclared earnings, aka, cashies or under the table payments. Recently the IRD has made a number of high profile visits

Inland Revenue website & tax systems upgraded

Date: 28th April 2019

If you’ve logged into Inland Revenue online in the last few days, you’ll have noticed a big change. A shiny new website. But that’s only part of the changes that

Tax Pooling

Date: 29th March 2012

You can easily save more than 25% of IRD’s interest cost on your provisional tax. All with the seal of approval of the IRD. If you don’t pay the correct

Remuneration of shareholder employees

Date: 22nd March 2012

The Penny and Hooper decision is a landmark tax avoidance case that has implications for small businesses operating through a company or trust. Essentially, the Supreme Court decided in favour

What gifts are tax deductible?

Date: 13th December 2011

Let’s look at the tax treatment of saying thanks to customers and staff typically with gifts, wining and dining. Inland Revenue’s IR268 guide gives the following examples of where entertainment