As we draw closer to the breezy autumn days of another tax year, the Fringe Benefit Tax (FBT) season is inevitably upon us. The recent increase to the personal income tax rate, which applies to income earned by individuals earning over $180,000, has also resulted in an increase to the FBT rates. Coupled with the […]
Liam Forde’s company The Zone works with companies around the world, creating high performance teams that embrace challenge, promote collaboration, and develop inspiring, empowering environments. He helps businesses to be more human, so it makes sense that he would naturally align with an accountant who considers the human dimension, not just facts, files, and numbers. […]
This series started with The history of Gilligan Sheppard Capital Raising. GS has been active in the property syndication and start-up capital raising space for quite some time. There are many that know us well. However, there are also many more that do not realise that GS ‘do’ this. The reason many may be unaware that […]
Busy – it’s a phrase I’ve been using a lot lately, when someone asks, “How are you?” my go-to-answer has been “Busy!”The dictionary has ‘similar’ words associated with busy in the negative… Busy (bizi)Adjective: having a great deal to do – hard-pressed / time-poor / have one’s hands fullVerb: keep oneself occupied – distracted / […]
Commercial leases and CZR IR has released PUB00383, a draft ‘Questions We’ve Been Asked’ (QWBA) on how the Compulsory Zero Rating (CZR) of land rules apply to transactions involving commercial leases. The commentary considers the following three scenarios: A supply by a lessor to a lessee under a lease, The assignment, surrender or procurement of […]
New interest deduction rules – still only a proposal Due to the nature of a number of enquiries I have experienced over the past couple of weeks since the Government made its announcement that it was proposing to make changes to the interest deduction rules associated with d, I thought it was timely to remind […]
International Tax Disclosure Exemption issued For those of you who have clients with control or income interests in a foreign company or an attributing interest in a FIF at any time during a particular income year, section 61(1) of the Tax Administration Act would usually require a disclosure of that interest to IR. However in […]
IR Global, the world’s largest exclusive network of advisory firms is delighted to introduce Shpend Zeka of Tax Advisory Group. Shpend has joined IR as our exclusive Tax Advisory Group member in Kosovo. Shpend is a managing partner at TAG LLC – Tax Advisory Group in charge of a firm’s overall practice, management and day-to-day […]
The past year has witnessed a huge remote working experiment for many of the world’s businesses and their employees as a result of Covid-19. And, for many, these new working practices have become hugely complex depending on where in the world business owners and employees have suddenly found themselves. Almost overnight, people are in uncertain […]
In a second ‘launch’ for this month, this week we’re launching a new accounts training offering, helping local businesses better understand their numbers. Understanding Accounts training will be available for business leaders, directors or their finance teams to help boost their skills and confidence in understanding and interpreting financial reports and statements. The training will […]
Employee share schemes – employer deduction timing You may recall the relatively recent taxation changes to employee share schemes (ESS), which were effected by the passing of the Taxation (Annual Rates for 2017-18, Employment and Investment Income, and Remedial Matters Act 2018). The changes came into effect from 29th September 2018 and introduced the concept […]
Adverse event assistance For those of you with farming, growers or orchardist clients in the South Island who may have been financially affected by December’s hail storms, IR has released a reminder regarding the Income Equalisation Scheme (IES) discretions. The IES regime provides an opportunity for those affected by an adverse weather event, to self-assess […]