Aro Accounting | Taxes
47
archive,category,category-taxes,category-47,ajax_fade,page_not_loaded,,qode_grid_1300,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-10.0,wpb-js-composer js-comp-ver-6.6.0,vc_responsive
 

Taxes

IRD Compliance: By the numbers A few weeks back, we had a meeting with IRD. Usually, they trot out someone with some pre-rehearsed lines and the offer to jot down feedback we give them and ‘take it back’ to the office. But this time, we had...

Only 58 days to go! Yep, only 58 days until it’s time to knock off for summer (we’re not ready to say the ‘C’ word just yet…). Yep, we are into the final quarter for the 2024 calendar year. For a lot of businesses and households, the...

Answer the damn phone Tried to call an insurance company lately? Or maybe a utility? Or heaven forbid, a bank? There’s a good chance that you’ll settle into listening to some obligatory hold music as you curse whatever has required you to make the call. If your...

Tax rate changes In a move that was well telegraphed by the finance minister, personal income tax rates are changing today (as in, 31 July). The line was much touted during electioneering was that they were combatting ‘bracket creep’– this is effectively where the effects of...

Mind(set) over matter It seems that just about every political commentator has shifted their focus to full on ‘kicking the economy when it’s down’. Even property commentators (who make a living off the narrative that the economic conditions are perfect for buying) are conceding that times...

The *yawn* budget In case you missed it, yesterday was budget day. On a good day it can be difficult to get excited by a government budget, and it looks like yesterday wasn’t a good day. There were some tax cuts that were well telegraphed beforehand...

If you are involved with a Trust that generates income, the rate of tax is changing for most trusts to 39%. There is an exemption for trusts that generate less than $10,000 in profit and disables beneficiary trusts – both of these stay at 33%.  Charitable...

NZ’s minimum wage increases again on the 1st of April 2024.  This means if members of your team are paid the minimum, they are about to get a pay rise.  The new minimum wage is going to $23.15 per hour. If you’ve got minimum wage employees,...

Who’d be an economist? Are we about to boom, or straight to bust?  Are house prices starting to tick up again, or about to plummet?  Is NZ in recession, or have we avoided it?  Despite there being an entire industry dedicated to ‘reading the tea leaves’,...

It is often the case that our greatest strength can also be our greatest weakness.  This is true in our personal lives as well as business.  One of the great things about small businesses is the number-8 wire mentality of just getting the job done. ...