Aro Accounting | Taxes
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Taxes

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

August tax payment time If you pay tax provisionally, good news! The 28th of August is just around the corner and this is a payment date for many people and businesses that pay tax provisionally. If you have provisional tax to pay, keep an eye out...

31 July, 2022

Interesting fact… According to The World Bank, the average net income per capita for the whole world was $9,434.42 (USD) per year in 2019. That translates to $13,585.56 NZD. The world is quite a disparate place. Switzerland had an average net income per capita of $65,600 USD...

02 May, 2022

Today marks the first day of the 2023 financial year, so happy New Year! With the advent of modern accounting software, the ‘end of the financial year’ isn’t the palaver that it once was and now tends to pass relatively uneventfully. But one of the...

03 April, 2022

New financial support available for business The government has announced further financial support for businesses affected by Covid-19. Covid-19 Support Payment The first is the Covid-19 Support Payment. This is a fortnightly payment of $4,000 + $400 per employee. There are a number of criteria, but the key...

28 February, 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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