Aro Accounting | Taxes
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Taxes

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...

02 May, 2024

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,...

29 February, 2024

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’,...

11 October, 2023

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. ...

31 July, 2023

The tax man is coming After a few quiet years of cutting a lot of slack during Covid, IRD have now found another gear. They are ramping up both on the ‘recover’ side by chasing outstanding tax debt, and on the ‘compliance’ side by taking a more...

31 May, 2023

As another day passes, it seems that there is yet more doom and gloom in the economy.  It’s hard to avoid hearing about businesses doing it tough. And more bad news begets more bad news. It’s like we’ve got compounding bad news! But, historically speaking, how...

01 May, 2023

What a tumultuous financial year the 2023 year was. 2024 looks like it might be more of the same. NZ continues to have elevated inflation, higher (although historically pretty reasonable) interest rates, reducing property prices, trimmed milk price forecast, shortage of labour, excess demand, and...

04 April, 2023

Wet weather Our thoughts are with everyone who has been affected by the recent flooding, its scale was both dramatic and terrifying. At the time of writing, it appears that it may not be over as more rain is forecast. If you or your business has been...

31 January, 2023

Ahhhh the festive season is upon us again! A time for family, too much eating and drinking and hopefully getting to ‘unplug’ for a few days. But it is also a time for added financial stress – Consumer NZ has found that 2 out of...

30 November, 2022

It’s not often that tax news gets so many attention-grabbing headlines. While the proposed – and then quickly scrapped – GST on Kiwisaver fees was hogging the limelight, the introduction of another tax measure has received much less fanfare; the removal of Fringe Benefit Tax...

31 August, 2022
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RESOURCES

We’re all about making your life easier. We have compiled some resources that will help you (and us) when it comes to tax compliance. Click on the links below to download the files.
 
End of Year Checklist
Important Due Dates
 

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