Monthly Archives :March 2020
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More on the COVID-19 measures, unintended consequences and what next?

Explaining some of the detail about the Government’s COVID-19 package Inland Revenue discretion about waiving use of money interest Tax residency and unintended consequences of COVID-19 Time to defer 7th May provisional tax and GST payments   Transcript Mike Tyson once said everybody’s got a plan until they get a punch in the mouth, and […]

This week more on the Governments COVID-19 package

The risks of underpaying yourself A cash flow trap for those transferring their pension and superannuation schemes to New Zealand More year-end tax planning   Transcript The government’s Covid-19 package, announced on Tuesday has been welcomed almost universally, but it’s also been given rise to a lot of questions about the specifics of the regime. Accountants and […]

Special edition looks at the tax measures in today’s $12.1 billion stimulus package

Depreciation on buildings restored Low value asset write-off limit increased to $5,000 Residual income tax threshold raised to $5,000 Inland Revenue to have discretion to write off use of money interest Transcript The Government has released details of its COVID-19 support package and I’m here to discuss the four specific tax measures which form part of that response. These […]

What is Inland Revenue’s response so far to the COVID-19 pandemic compared with Italy, the UK and Australia?

What is Inland Revenue’s response so far to the COVID-19 pandemic compared with Italy, the UK and Australia? New Zealand trustees should be aware of potential Australian tax implications Year end tax planning tips   Transcript They say a week is a long time in politics, but the pace of change over the past week […]

Terry wins ATAINZ Award

A big surprise for Terry at the ATAINZ annual conference, to be presented with the President’s Award in recognition of service and commitment to ATAINZ at an exceptional level.

GST issues paper proposes change in GST treatment of crypto-assets

GST issues paper proposes change in GST treatment of crypto-assets Retrospective change to treatment of donation tax credits More on Inland Revenue’s decision to stop accepting cheques   Transcript Early last week Inland Revenue released a GST policy issues paper. The paper “covers a number of issues which have been identified where the legislation produces an outcome […]

A Trusted Taxpayer Regime as a possible alternative tax regime for small businesses

This week Nigel Jemson the winner of the 2019 Tax Policy Charitable Trust talks about his proposed Trusted Taxpayer Regime – in many ways a new and improved accounting income method It offers a 10% tax credit for small businesses (turnover below $5million) and no annual filing obligation in return for quarterly filing and Inland […]

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