Businesses

Complex tax issues often arise in the regular practice of business. There are times when your accountant may not have specialist tax knowledge. That’s where we come in. We’re frequently called upon as trusted tax consultants by accountants, lawyers and businesses of all types.

Services

From everyday to complex business tax issues.

    Whether you have a short-term tax issue or need support with long-term tax planning, we will work alongside you, your accountant and lawyer, to take the worry out of your tax matters that require specialist knowledge and advice.

      Talk to us about:

      • Inland Revenue Audits
      • International Business Expansion/Investment
      • Employee Share Ownership Plans
      • Buying, Selling, Moving or Partnering Up
      • Dividends and Bonus Issues
      • GST
      • Overseas Employee Relocation

      Inland Revenue Audits and Disputes

      Have you received a letter from Inland Revenue about a review?

      Inland Revenue is putting increasing resources into investigation and review work. GST refunds are routinely reviewed and there are now specialist units investigating property transactions, the cash economy and the use of overseas credit cards.

      We provide assistance when Inland Revenue either disputes a particular assessment or conducts a full-scale audit of a business.

      Talk to us about:

      • Mock Audits
      • Inland Revenue Liaison
      • GST

      Download our FBT checklist

      If you tick any of the boxes listed in the Fringe Benefit Tax checklist we strongly recommend you get in touch and take our professional advice.

      GST

      GST is a 15% sales tax applied to all goods and services produced in New Zealand. Unless stated, any price quoted is deemed to include GST.

      GST is added to any sales made by a business to another business or person. The main exemptions to GST are salary and wages, residential property, financial transactions, and businesses with a turnover of less than $60,000.

      Certain transactions, such as sales to overseas clients, may be zero rated for GST purposes, and no GST is collected or payable. So billing a client in Australia would have a 0% GST rate.

      Overseas businesses can only charge GST to New Zealand businesses if they are registered for GST in New Zealand. There is a growing trend for overseas online businesses, such as orders from Amazon, to now include GST.

      While GST does not apply to residential property or rents, there are situations when GST is applicable to property transactions, especially if the purchaser or vendor is GST registered. If GST is claimed on the purchase of a property, GST must be paid when that property is sold.

      For a supposedly simple tax GST can cause complications.

      Talk to us about:

      • Overseas Transactions
      • Commercial Property
      • Inland Revenue Audits
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