tax

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