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IRD Announces No More New Zealand GST Refund Cheques

IRD Announces No More New Zealand GST Refund Cheques

New Zealand’s Inland Revenue continues to make good progress in updating their antiquated tax systems. However, for some of us that find it hard to let go of the excitement of getting a cheque in the mail, there is some bad news.

This latest announcement impacts on you if you are required to account for New Zealand GST.

Inland Revenue Announces More Changes To IRD System

Inland Revenue Announces More Changes To IRD System

The first of many changes that the IRD is making over the next few years to make New Zealand tax simpler, is about to start.

To make it easier and quicker for taxpayers to file and amend their New Zealand GST, Inland Revenue is improving the GST service currently available through their myIR online system.

Holiday Obligations For NZ Employees

Holiday Obligations For NZ Employees

Closing your New Zealand business down for Christmas? Here are the general conditions that will impact on your relationship with your employees.

Tax Deductibility Of Christmas Presents For Your New Zealand Clients

Tax Deductibility Of Christmas Presents For Your New Zealand Clients

Wondering about the New Zealand tax deductibility for buying gifts for clients?

At this time of year we often get questions from Australian business owners with interests in New Zealand about the deductibility of traditional Christmas staples like chocolates and wine.

Until recently, these types of gifts tended to be fully tax deductible.

New Zealand Ranked Easiest For Business

New Zealand Ranked Easiest For Business

Move over Singapore. New Zealand has just been ranked as the easiest country in the world to transact business according to the 2017 Doing Business Report just published by the World Bank.

A record 137 economies from around the world have adopted key reforms that make it easier to start and operate smaller businesses, however it is New Zealand that came out on top.

Some Australian Businesses Selling Services Into New Zealand Must Now Be Registered For New Zealand GST

Some Australian Businesses Selling Services Into New Zealand Must Now Be Registered For New Zealand GST

This is a reminder from our earlier blog post where we gave notice that the New Zealand government was now requiring suppliers of certain services into New Zealand to be registered, and therefore account for, New Zealand GST even though you may not be operating from a business in New Zealand.

We are getting a lot of enquiries from Australian businesses confused about if their products are included in this new New Zealand GST requirement.

New Requirements For New Zealand Residential Rental Property Owners

New Requirements For New Zealand Residential Rental Property Owners

There have been a raft of new requirements put in place over the last few months that will impact on you if you own a residential rental property in New Zealand.

Smoke Alarms – Residential rental properties are now required to have a smoke alarm positioned within 3 metres of the main entrance of any sleeping space. This rule came into effect from 1 July 2016.

Do You Know Where Your Customers Are Coming From?

Do You Know Where Your Customers Are Coming From?

When you are thinking about your New Zealand marketing approach there are two critical questions you need to ask yourself: who are my customers and where are they spending their money?

These questions have taken on a completely new complexion thanks to NZ’s immigration policy.

GST – Is It Good For Business?

GST – Is It Good For Business?

October 1st will mark thirty years since GST became a part of every New Zealander’s life.

We like to tell ourselves that it’s a very fair tax because it applies to everything in equal measure.

Going For Gold

Going For Gold

New Zealanders are proud of our sporting heroes and now Eliza McCartney has reached for the sky and grabbed a bronze medal at the Olympics.

But high jumping in the marketplace is not a great way for Australians running Kiwi businesses to go for gold.

Accounting In The Tech Age

Accounting In The Tech Age

The advent of cloud computing is rapidly influencing all aspects of small business operations including the traditional paper trails of accountancy practices.

You live in a time of very rapid change and as small business owners, you need to evaluate what these changes mean for your business practices and how to adapt and benefit from them.

Inland Revenue Warns Of Phishing Scams

Inland Revenue Warns Of Phishing Scams

Inland Revenue has warned taxpayers to be wary of telephone callers who identify themselves as Inland Revenue Department employees and go on to ask for personal information.

This is a type of scam known as “phishing”.

New Zealand’s Changes To GST Laws Impact On Australian Businesses

New Zealand’s Changes To GST Laws Impact On Australian Businesses

Inland Revenue’s latest changes to New Zealand’s GST rules will certainly impact on Australian businesses who transact with New Zealand customers via the Internet.

The rules come into play from 1 October 2016 and impact on Australian businesses who provide any sort of online service to customers who reside in New Zealand.

Inland Revenue To Share Information With The World

Inland Revenue To Share Information With The World

The New Zealand government continues to forge closer links with other governments when it comes to the sharing of tax information.

To this end it has announced that New Zealand will assign up to the global Automatic Exchange of Information (AEOI). The agreement comes into effect from the 2018 tax year.

Change To Use Of Money Interest Rates

Change To Use Of Money Interest Rates

Inland Revenue has advised of another change to the Use of Money Interest (UOMI) rates charged on underpayment and overpayment of New Zealand tax.

Despite the comments we hear from many the many business that get hit with UOMI (use of money interest), is not actually a penalty.

New Zealand Workers Are Tax Free From Today!

New Zealand Workers Are Tax Free From Today!

As at 11:10 this morning the average Kiwi worker stopped working for the government and everything they earn for the rest of the year is their’s to keep.

That’s based on a very tongue-in-cheek statistic based on OECD figures that show government expenditure is around 40% of the annual economy but, hey, any excuse for a party!