If you have a family trust or are a trustee for one, be aware of your obligations. The Trusts Act 2019 introduced presumptions that trustees will make basic trust information available to every beneficiary and provide further trust information to beneficiaries on...
Projecting your cashflow pipeline forwards is vital. To be able to navigate the future path of your cashflow, you need to start forecasting – so you can map out your financial position over the coming months and can take the appropriate action to safeguard your cash...
It’s always important to manage your tax so that – as far as possible – you don’t owe overdue tax and you aren’t incurring penalties and interest because of it. If any of these applies to you, it’s important to act quickly and talk to us: – if the due date is...
[Business confidence soared in August], rising 23 points to +51, the highest level in a decade! Against the backdrop of dire economic outlooks and the [’Survive to ’25’] mantra that’s been so prevalent in business circles, this jump in New Zealand business confidence...
If you provide employees with mobile phones, laptops, or devices for work, which are used solely for work, you can claim the devices and usage plans as business expenses. Where employees who do not work from home use their own phones or devices for both work and...
Duty-free dairy exports The turn of the year brought a welcome change for New Zealand dairy farmers: all New Zealand dairy products can now enter China duty-free. Duties on milk powder no longer apply following China’s decision to remove the safeguard duties on milk...
Digitisation is transforming how farming businesses operate, leading to more innovation, efficiency, and productivity across New Zealand. The Internet of Things (IoT) is part of the puzzle, local networks of internet-connected devices and appliances that share...
The values for dairy this year have seen a very small fall in values on average across all female classes, but a small increase on average across all male classes. The largely stable values can be attributed to a flat dairy sector where total cow numbers continue to...
The changes to personal income tax rates taking effect in July, as an outcome of the Budget 2024, have some consequences for businesses. The current thresholds apply for the first 3 months and 30 days of the 2024–25 tax year; the new thresholds for the remaining...
Resident withholding income includes interest and dividends. Generally, resident withholding tax (RWT) must be paid on it. If you’re a New Zealand tax resident earning income from interest and dividends from New Zealand bank accounts and investments, you will be...
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