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Here’s why New Zealand needs tax reform
- Taxation
New Zealand’s ageing population presents serious challenges. Here’s how tax reforms will help.
Published on5 min read timeRead ArticleTPB releases draft guidance on code of conduct changes
- Taxation
Here’s why stakeholder input on the TPB code of conduct is vital
Published on4 min read timeRead ArticleAre your non-charitable NFP clients really tax exempt?
- Taxation
- Not for profit
Here’s why your NFP clients need to lodge their charitable status with the ATO.
Published on4 min read timeRead ArticleWhen is a company loan an actual loan? ATO guidance on debt deductions
- Taxation
Division 7A remains contentious, which is why the ATO has released guidance on debt deductions
Published on6 min read timeRead ArticleTax agent breach reporting obligations: TPB clarifies concerns
- Taxation
Here’s how the breach reporting obligations will work for tax agents.
Published on4 min read timeRead ArticleRental property owners and their tax agents under ATO scrutiny
- Taxation
Rental property owners are under ATO scrutiny
Published on2 min read timeRead ArticleThe trouble with Division 7A
- Taxation
What tax agents and practitioners need to know about Division 7A
Published on5 min read timeRead ArticleWhat accountants need to know about the 2024 tax year
- Taxation
Trust distributions, business concessions and FBT records are just some of the ATO’s focus areas
Published on6 min read timeRead ArticleDecks cleared for New Zealand tax cuts
- Overseas taxation law
The NZ Government is tinkering with the tax brackets to provide a windfall to taxpayers this year
Published on5 min read timeRead ArticleTPB Code changes for ‘disqualified entities’: prescriptive yet vague
- Taxation
Changes to the tax agent code of professional conduct likely make the regulatory regime more complex
Published on6 min read timeRead ArticleTax reform tops Federal Budget 2024 wish list
- Taxation
- Budget
A close look at which taxes need to be tackled and why
Published on4 min read timeRead ArticleIRD review shines spotlight on trust behaviour
- Overseas taxation law
- Taxation
IRD review insight into trusts’ tax avoidance, following the 39 per cent personal rate hike
Published on4 min read timeRead ArticleWhich New Zealand tax changes will affect your clients?
- Overseas taxation law
- Taxation
New Zealand’s National-led coalition government has brought in some tax changes. Here’s what to look out for.
Published on3 min read timeRead ArticleMaking sense of accounting for income and vehicles at tax time
- Taxation
- Accounting theory
At tax return time, businesses need to know about tax and vehicles. Here’s what the ATO expects.
Published on3 min read timeRead ArticleSME tax amnesty deadline looms
- Taxation
Outstanding SME tax debt should be sorted by the ATO amnesty date of 31 December
Published on4 min read timeRead ArticleHas the bright-line property rule failed the test?
- Taxation
Cash flow, not tax policy, is the key driver for NZ property investors. Here’s why.
Published on5 min read timeRead ArticleMore work needed on the Taxation Principles Reporting Act
- Taxation
How the Taxation Principles Reporting Act affects the way the NZ Inland Revenue uses data
Published on4 min read timeRead ArticleWhy you should be careful with family trust distributions
- Taxation
When it comes to trusts beware the ATO red zone, which can trigger s100A or Part IVA
Published on5 min read timeRead ArticleMum and Dad trusts bear the brunt of NZ trust tax rate hike
- Taxation
Why tax advisors are adamant that a recent tax change will not affect high net worth individuals
Published on5 min read timeRead ArticleWhat to do when the ATO comes calling
- Taxation
GST and personal income tax are in the regulator’s sights. Here’s what to do.
Published on4 min read timeRead ArticleTax year-end Australia: what’s the ATO’s focus this year?
- Taxation
With LMITO to go and WFH expenses scrutinised, there’s lots to look out for this tax time
Published on5 min read timeRead ArticleHow to calculate crypto losses
- Technology
The crypto market has always been volatile but be prepared this tax time
Published on6 min read timeRead ArticlePros and cons of the new WFH method
- Taxation
Meticulous record-keeping is now essential under working from home compliance obligations
Published on4 min read timeRead ArticleNew Zealand tax year-end checklists 2023
- Taxation
- Overseas taxation law
A wealth of resources is available for practitioners as the tax year-end approaches
Published on3 min read timeRead ArticleAnti-money laundering and counter-terrorism financing exemption for NZ accountants
- Overseas taxation law
An anti-money laundering compliance burden has been lifted from practices carrying out ‘low risk’ tax transfers
Published on4 min read timeRead ArticleNew IRDNZ GST tax invoicing rules – what’s changing, what’s not
- Taxation
- Overseas taxation law
Businesses won’t have to change the way they invoice but will soon have to accommodate those that do
Published on3 min read timeRead ArticleATO steps up credit agency reporting on tax debts
- Taxation
Some 70,000 businesses have been warned about their tax liabilities
Published on4 min read timeRead ArticleIRD examines taxing the gig economy
- Taxation
- Overseas taxation law
Digital platforms face new rules that may require them to report sales income and collect GST
Published on4 min read timeRead ArticleWill digital tax pave the way for automation?
- Taxation
Here’s how a paradigm shift in tax administration might affect tax advisers
Published on4 min read timeRead ArticleATO cracks down on crypto assets this tax time
- Taxation
Clients need to understand their CGT obligations for crypto assets
Published on4 min read timeRead ArticleHow to deal with unwelcome Division 7A tax breaches
- Taxation
Have you inherited a client that has past Division 7A surprises? Here’s how to handle it
Published on5 min read timeRead ArticleNew Zealand entrepreneurs face ‘distortionary’ tax rules
- Taxation
- Overseas taxation law
Proposed tax measures will impose high compliance says a CPA Australia submission
Published on5 min read timeRead ArticleATO ramps up tax debt retrieval
- Taxation
Recalcitrant taxpayers need to come clean on their tax liabilities before it’s too late
Published on5 min read timeRead ArticleFBT deadline looms
- Taxation
Are your clients offering increased job perks? Here are the key issues to be aware of.
Published on5 min read timeRead ArticlePressure points simmer in the ATO lodgment system
- Taxation
Tax practitioners have called on the ATO to exercise more understanding and flexibility
Published on5 min read timeRead ArticleNew ATO PCG mitigates risk for professional firms
- Taxation
ATO steps up efforts to address high-risk profit allocation
Published on5 min read timeRead ArticleATO tightens the screws on international tax
- Overseas taxation law
Here’s how one practitioner handles thorny repatriation tax problems
Published on3 min read timeRead ArticleCan accountants advise on state taxes?
- Public practice
- Taxation
When your clients need help with state taxes it might be best to call a lawyer
Published on4 min read timeRead ArticleNew Zealand Government pushes ahead on housing tax policy
- Taxation
- Public practice
- Overseas taxation law
Complicating tax legislation for investors is not the right way to curb upward pressure on house prices
Published on3 min read timeRead ArticleATO’s non-arm’s length income ruling causes SMSF uproar
- Superannuation
- Public practice
The ATO’s controversial ruling could have significant ramifications for super funds
Published on7 min read timeRead ArticleATO steps up efforts to reclaim debt
- Taxation
If your clients have ATO debts or failed to lodge returns, the message – “get in touch”
Published on4 min read timeRead ArticleReasonable care key for practitioners at 2021 tax time
- Taxation
- Public practice
- Practice management
Here are the major changes this tax season and why reasonable care is recommended
Published on4 min read timeRead ArticleNZ IRD targets family trusts in tax bracket overhaul
- Taxation
- Public practice
- Overseas taxation law
See why extra details are now needed in tax returns
Published on5 min read timeRead ArticleUnderstanding changes to the employer super guarantee
- Superannuation
- Taxation
Practitioners need to alert small business clients to the superannuation changes. Here’s how they apply.
Published on3 min read timeRead ArticleDive into the ATO’s top areas of focus for 2020–21
- Taxation
- Data management
Individuals’ work-related expenses is just one area of scrutiny
Published on5 min read timeRead ArticleATO runs the ruler over SMSF audits
- Audit
- Superannuation
The ATO steps up scrutiny of accounting firms that both prepare accounts and provide audit services for their SMSF clients
Published on5 min read timeRead ArticleNew Zealand’s Inland Revenue targets tax compliance burden
- Taxation
- Overseas taxation law
IRD seeks input from tax practitioners as part of its bid to improve service
Published on5 min read timeRead ArticleATO’s data matching ramps up and focuses on SME reporting
- Taxation
Ensure your clients are correctly accounting for their income and use of assets
Published on4 min read timeRead ArticleTPB review: What it means for tax practitioners
- Taxation
The final report of the Review of the TPB has many noteworthy recommendations but more consultation is needed on implementation
Published on3 min read timeRead ArticleTax compliance issues still a priority for ATO and TPB
- Economy
- COVID 19
Tax practitioners are at the frontline of the response to business lockdown
Published on4 min read timeRead ArticleATO payment plans come with strings attached
- Taxation
- Public practice
The ATO is likely to be sympathetic but will need documentation to justify decision-making
Published on4 min read timeRead ArticleATO scrutinises superannuation early access
- COVID 19
- Superannuation
Taxpayers are discovering that dipping into their super early is not without risk
Published on5 min read timeRead ArticleATO taskforce ups the ante on illegal phoenixing
- Taxation law
- COVID 19
The Phoenix Taskforce’s role is to unearth illegal phoenix schemes that pop
Published on4 min read timeRead ArticleTax time in a post-COVID world
- COVID 19
- Taxation
Three practitioners reveal how they interacted with clients during tax time
Published on5 min read timeRead ArticleATO modifies its stance on access to deceased's taxes
- Taxation law
ATO amends a change about disclosing a deceased person’s pre-death tax affairs
Published on4 min read timeRead ArticleDon't panic! ATO letter rattles SMSF trustees
- Education
- Superannuation
Received a stern letter from the ATO about SMSF diversification, accountants say 'stay calm'
Published on5 min read timeRead ArticleNew tax rules for government tender bids
- Taxation
Applying for a government contract over $4 million, you will now need a tax record statement
Published on4 min read timeRead Article