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News

IRD have been spending up large on a new computer – well over a billion dollars.  It was probably overdue as the previous computer system was based on technology from the late 70’s.  That’s coming up 40 years old… Part of the new computer system is...

30 May, 2019

Where are you going? Planning Ahead    I    Unexpected tax windfalls    I    Credit Cards   Where are you going? If you were going to go on holiday, would you start by simply heading to the airport and jumping on a plane, or would you begin...

02 May, 2019

Apparently, NZ businesses spent over $1,000,000,000 (that is: over 1 billion) on online advertising last year.  That’s quite a lot… However, according to their annual reports, the two biggest players by far (Google & Facebook) combined only paid a measly $750,000 in tax in NZ. Now, assuming...

03 April, 2019

Anyone who claims to know what the economy is up to is most probably full of it.  There are so many factors at play.  If we just look at the month of March, we have continued to see the fall-out from the Australian Royal Commission...

03 April, 2019

Does having lots of money bring happiness? No.  At least in general terms, that’s not the case.  Don’t get me wrong, I would sooner be loaded and miserable than broke and miserable, but proportionally, there are just as many wealthy people who are unhappy.  Money, by...

03 April, 2019

There have been many opinion pieces written about the proposed Capital Gains Tax, with some touting it as a ‘levelling of the playing field’ while others predict doomsday.  More than enough people have already put their opinions forward, and the last thing we want to...

04 March, 2019

The responsibility that comes with owning a company When we own a small business, it can feel like it is simply an extension of ourselves.  However, if you operate through an incorporated company (a company that has ‘Ltd’ at the end of its name), then this...

04 March, 2019

Should I lease or finance or pay cash? This is a question we get asked quite a bit - should I lease or buy? And if buying, how should I pay?  This often comes up when people are talking about vehicles, but also applies to IT...

04 March, 2019

If you are an employer, you have probably seen the PR efforts of IRD in relation to payday filing.  IRD are introducing this with much fan-fare and have held a roadshow, webinars, seminars, visits to employers, direct mail and phone calls to employers. Despite all this...

31 January, 2019

From 1 April 2019, one of the proposed changes to tax law will mean that losses on rental properties will not be able to be off set against income from other sources.  We have had these kind of tax rules many years ago.  They were scraped...

31 January, 2019
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