Sharp as tax

Business recovery appears unsustainable without reopening our borders

Save for the latest Covid Alert Level increase, most businesses in Otago that I have talked to are actually quite busy, excluding the obviously devastated industries such as tourism and foreign...

Falls in short-term occupancy rates have tax implications

New figures show the resort is the most expensive place to rent a house in New Zealand. Photo:...

Falls in short-term occupancy rates have tax implications

The short-term rental scene in NZ has exploded in recent years because of a booming tourism industry and the realisation by (holiday) home owners that they can rent out their properties for an extra buck or two while they're not using them.

Tax implications for shares must be attended

During early April, the number of trades undertaken on the NZX among retail investors per day...

Tax implications for shares must be attended

Although the Financial Markets Authority warned do-it-yourself investors against diving into the stock market to take advantage of cheap share prices during Covid-19 lockdown without first doing...

Residential landlords left out from tax relief package

Past and present state houses in Brockville. Photo: ODT files

Residential landlords left out from tax relief package

The Government introduced the Loss Carry-back Scheme as part of the recent Covid-19 tax relief package.

Lockdown factors to consider when paying provisional tax

Business owners New Zealand-wide will be feeling the immense financial strain of the Level 4 lockdown response to the Covid-19 pandemic, particularly if they have large upcoming provisional tax...

Donee status no done deal

The money must be used for essential household goods and repairs such as furniture, appliances,...

Donee status no done deal

Feeling generous and thinking of making a donation to a good cause in the knowledge that the Government will effectively fund 33% of it by way of that nice tax credit?

Forestry investment far from straight forward venture

Contractors at work on a Dunedin City Council-owned City Forests plantation near Dunedin. PHOTO:...

Forestry investment far from straight forward venture

As forest fires, and climate change debate, rage across the Tasman (and our thoughts and best wishes go out to our Australian cousins), the topic of forestry in NZ has arisen over the Christmas break.

Property sellers and buyers: bear new IRD focus in mind

If you are selling or have sold property recently, you should be aware of the IRD's recent focus on, and review of, provisions dealing with the taxation of land.

'Your action required': Managing IRD disclosure letters

Following the recent disclosure requirements in terms of Automatic Exchange of Information Agreement, we are now seeing the next wave of enforcement from Inland Revenue.

Adjustment pains of IRD's new system costs taxpayer trust

Even if you have a tax agent, you may have recently received a notice from the IRD regarding tax that you have already paid or containing an assessment of tax that doesn't seem quite right.

Sloppy record-keeping can have expensive results

A recent Taxation Review Authority decision has highlighted the importance of clearly recording the nature of transactions between companies and their shareholders, and vice versa namely through...

Tax advice has to be accurate

Tax is complex and, at times, not totally logical or fair. Sometimes the combination of legislative changes and technological advancements can create a disconnect between "common knowledge" shared...

Money laundering regulations proving cumbersome

New Zealand businesses - ranging from banks to car dealers - have to be able to detect money...

Money laundering regulations proving cumbersome

The Financial Intelligence Unit has estimated that more than $1billion dollars a year is generated through drug dealing and fraud in New Zealand.

Dunedin's start-ups box above weight by world comparison

Scott Mason's passion is promoting and supporting early stage businesses in Dunedin.

New IRD mileage rate

New IRD mileage rate

The Inland Revenue Department reviews its published mileage rate annually.

Capital gains tax may require non-partisan approach

It is almost sad that following the 2014 David Cunliffe capital gains tax (CGT) PR debacle, Labour has taken CGT off the table as a policy platform.

Non-profit groups can overpay tax

Many clubs or societies operate within our community, Scott Mason writes.

Opinion: Grey areas in share trading and tax

Investing in shares is a little like being at the races.

Sharp as tax: Rules strict on gifting and rest-home subsidies

In October 2011, gift duty was abolished which meant that any amount of money could be given (or forgiven) to people/trusts for whom one has ''natural love and affection'' without paying gift duty.

Tax on property transactions not straightforward

As record property prices are recorded in some places (e.g. state houses selling for $2 million in Auckland), it is perhaps timely to remember that while NZ does not have a formal capital gains tax, profits on land can easily fall into the taxing net.

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Sharp as tax